Introduction

Hey there, blockchain buffs and crypto enthusiasts! Subsquid, everyone's favorite Web3 data access layer, just hit the jackpot. They secured a jaw-dropping $17.5 million in funding and cozied up with none other than Google ahead of their much-anticipated token launch. It’s like hitting the crypto trifecta! So, grab your digital wallets and let’s dive into this juicy update.

Funding round

When it rains, it pours – and for Subsquid, it's raining dollar bills! With $17.5 million secured, this funding round is no mere drizzle. Major league investors such as Blockchange, Hypersphere, Zee Prime, DFG, and Lattice threw their coins into the pot to make this possible. Hypersphere's Co-Founder, Jack Platts, likened their investment to ensuring developers have a data buffet at their fingertips. "Subsquid reduces data costs for at-scale deployment for many of the most popular blockchains," he beamed, clearly enthused about the potential ripple effect this investment could create.

This hefty financial boost isn’t just for padding Subsquid's crypto wallets either. It’s all about supercharging their innovation engine. Subsquid’s already successful testnet was a huge hit, drawing in over 70,000 users and deploying 20,000 indexers faster than you can say "blockchain." And let’s not forget that mind-blowing $6.3 million they raised in just 19 minutes on CoinList – setting a record for the fastest sale on the platform. This meteoric rise spells out one thing: the community is 100% behind Subsquid, ready to ride the wave right into the token launch.

Google partnership

Now for the cherry on top: Subsquid has teamed up with Google (cue the digital high-fives). This isn’t just a handshake-and-smile type of partnership; it’s a full-on rendezvous with Google BigQuery. Subsquid is integrating its software development kit with this powerhouse data analytics platform, bringing developers a treasure trove of new capabilities to dissect blockchain data with the precision of a digital surgeon.

This alliance is a big deal for enterprises and big data analysts, giving them a robust and reliable blockchain data source. It's like strapping a rocket to your analytic capabilities. With such heavyweight backing, Subsquid is all set to break new ground in how blockchain data is accessed and leveraged.

Dmitry Zhelezov, Subsquid’s co-founder, is practically brimming with excitement. As he put it, "This is just the beginning of the next generation of the open internet: Permissionless data access for anyone building in the Web3 space." Subsquid’s mission to eliminate vendor lock and serve data in a peer-to-peer manner positions them as a game-changing force against centralized solutions holding data hostage.

So, with $17.5 million in fresh funds, a record-breaking testnet, and Google on their side, Subsquid is ready to revolutionize data accessibility in the blockchain universe. Stay tuned, because this wave of innovation is only going to get bigger. Or should I say, more tentacled?

Integration with Google BigQuery

Hey data enthusiasts! Here’s a slice of tech heaven coming your way. Subsquid, our beloved Web3 data maestro, has not just raised a jaw-dropping $17.5 million but also cozied up with none other than Google. Yup, you read that right! They’re integrating with Google BigQuery. Imagine Subsquid's robust data indexing capabilities combined with Google’s data analytics mojo. Pretty sweet, huh? By weaving their SDK into Google’s powerful platform, Subsquid is rolling out the red carpet for developers to plunge into blockchain data with the elegance of a ballet dancer. This killer combo promises to elevate the game for enterprises and big data aficionados by offering them a goldmine of reliable blockchain data that’s smoother than a cat on a hot tin roof.

Testnet Success

Now, let's dish out some juicy deets about Subsquid's testnet, which didn’t just walk the walk but ran a marathon with flair. The testnet was a roaring success, roping in over 70,000 eager beavers and deploying more than 20,000 indexers. Talk about smashing it out of the park! Subsquid flaunted its tech prowess by securing integrations with some big shots like Berachain, Neon EVM, CORE, and Starknet. What makes this even more fab is their record-breaking sprint on CoinList, raising a cool $6.3 million in just 19 minutes. What sorcery was that? The frenzy from the community wasn’t just a flash in the pan; it was a wildfire that contributed to the colossal $17.5 million funding and attracted a swarm of new token enthusiasts.

Investor Support

But wait, there’s more! The superhero cast of venture capitalists that got behind Subsquid is one for the books. Heavyweights like Blockchange, Hypersphere, Zee Prime, DFG, and Lattice channeled their inner Tony Stark to pour in the big bucks. Jack Platts, Co-Founder of Hypersphere, put it aptly: “We’re in this to build networks that transform data accessibility. Investing in Subsquid ensures developers are never stranded without the data they need. It’s like having GPS in the chaotic jungle of blockchain!” And if that wasn’t riveting enough, Subsquid's co-founder Dmitry Zhelezov pumped up the volume by stating, “This funding is just the appetizer. Our token launch will serve up the main course of the next-gen open internet. We’re eliminating vendor-lock, serving data P2P, and smashing the centralized stranglehold.” Bravo, Subsquid, bring on the revolution!

Token launch

Get ready to mark your calendars, because Subsquid's token launch is rapidly approaching, and it's creating quite the buzz in the blockchain community. With a hefty injection of $17.5 million from their recent funding round, Subsquid is gearing up to make some waves. This isn't just any token launch; it's a major milestone for a company that's been shaking up the blockchain data accessibility scene. Their innovative approach means that developers will soon have unparalleled access to blockchain data, which could be a total game-changer for the Web3 space.

But wait, there's more! Subsquid's partnership with Google BigQuery is a headline-grabber on its own. Integrating their software development kit with Google's powerful data analytics platform allows developers to analyze blockchain data with unprecedented ease. This isn't just tech-talk— it's about making complex data accessible and actionable. For enterprises and big data analysts, this is like striking gold in the digital minefield.

Statements from Subsquid and investors

Naturally, such a monumental funding round wouldn't go unnoticed by big-name investors. JPMorgan who? This time, Blockchange, Hypersphere, Zee Prime, DFG, and Lattice are the names making headlines. Jack Platts, Co-Founder of Hypersphere, couldn't contain his excitement: "Helping to build networks is one of our primary purposes at Hypersphere. By investing in Subsquid, we are ensuring that network and protocol developers always have access to the data they need to build." Talk about putting your money where your mouth is!

Subsquid co-founder Dmitry Zhelezov was also in high spirits about what's ahead. Emphasizing the broader implications, he stated, "With our token launch just around the corner, this is just the beginning of the next generation of the open internet: Permissionless data access for anyone building in the Web3 space." It's not just a line— it's a declaration of war against the status quo of centralized solutions that have long held data hostage.

So, why is this such a big deal? In simple terms, what Subsquid is working towards could eliminate vendor-lock and enable data to be served in a P2P (peer-to-peer) manner. That's like decentralizing the decentralizers, folks! It's a significant step towards fulfilling the promise of Web3: an internet that's open, accessible, and not controlled by any single entity.

As Subsquid prepares for its token launch and unveils its latest technological advancements, the entire blockchain community— from developers to investors— is watching closely. The company’s innovations, combined with strategic partnerships, highlight a committed journey towards transforming how blockchain technology and data are used and understood.