Bear market financing 20 million, what exactly is the charm of GoldSky and the Web3 data track?

Goldsky was co-founded by Kevin Li and Jeff Ling, both of whom previously worked as engineers at the unicorn data company Heap. It was through this experience that they decided to establish a cryptographic data infrastructure platform together. Goldsky officially launched last year with initial funding of approximately $1.4 million. The company’s current customer base already includes well-known industry companies such as POAP, Polymarket, and Arweave. On September 13, 2022, Goldsky completed a seed round of financing worth $20 million, led by Felicis and Dragonfly Capital. The round also saw participation from entrepreneur Elad Gil, Plaid founder Zach Perret, William Hockey, Uniswap Labs, 0x Labs, Zhuoxun Yin of Magic Eden, Alex Xu of Azuki, and Robert Leshner of Compound Finance. In today’s market environment, Goldsky’s financing is quite considerable in terms of both the amount and the background of the investors. The infrastructure field involved also fits the logic of development in a bear market. The week 37 of 2022 has come to an end, and a total of 43 financing deals were completed within this week, covering fields such as GameFi, NFT, DeFi, and social, with a total amount exceeding $1.038 billion and an average financing amount of $24.72 million. Among them, there were a total of 9 financing deals in the infrastructure field, with the total amount exceeding $453 million, accounting for 43.66% of the total financing amount for the week. In a bull market, applications are the focus, while in a bear market, infrastructure is the focus. Under the current deep bear market context, the preference of investors for infrastructure can be seen from the amount of investment. The choices of these major capital holders also have an extraordinary reference significance for us ordinary investors. GoldSky is a cryptographic data infrastructure platform that aims to help everyone build their own API to provide on-chain data. It then ingests and transforms on-chain data through GraphQL to deliver or export it. Goldsky aims to solve one of the most costly problems faced by the cryptocurrency industry: the issue of reading and processing data from deployed smart contracts. The company can automatically create end-to-end data pipelines, which means users can obtain real-time data across multiple chains and reshape them through a data streaming platform. In addition, users can also directly provide the final results to websites through APIs. Goldsky has achieved real-time access to data stored on the blockchain and allows users to transform and enhance data and integrate it with real-time streams to meet their customized needs. Through Goldsky, users will be able to use real-time data streams and transform data using SQL, while also achieving merged streams, creating alerts, etc. Users can also access their data using GraphQL through webhooks or integrate it into their own ETL processes. In this interactive environment, users will no longer need to worry about maintaining their own RPC nodes, nor worry about inconsistencies when processing data. Space and Time is a decentralized data warehouse built for blockchain applications. It is committed to providing low-latency data queries and enterprise-level scale data analysis services to dApps in a completely trustless and highly secure manner through cryptographic proof technology. On July 29 of this year, the company announced the completion of a $10 million seed round led by Framework Ventures, with participation from Digital Currency Group (DCG), Stratos, SamsungNext, IOSG Ventures, Alliance, and other DeFi, GameFi, and VC institutions. Thanks to this latest financing, Space and Time will accelerate the construction of its software engineering and further enhance the platform’s analytical capabilities and the scale of the decentralized network. Space and Time has built a new “SQLTM Proof” cryptographic protocol that enables blockchain applications to quickly process and generate insightful analytical results from massive amounts of data in a completely decentralized, scalable, and secure manner. After the node operation network extracts data from the blockchain, decentralized applications, and off-chain systems, it can perform data operations and analytical calculations. For blockchains, Space and Time can greatly improve the ability to query on-chain and off-chain data in an independent and trustless environment, thus bringing more advanced innovative use cases to on-chain smart contracts. Space and Time’s database will create data query result proofs off-chain, then transfer them to the verification layer to verify the authenticity of the proof. Once verified, the data will be uploaded to the chain and loaded into smart contracts, at which point dApps can access real-time data query result information in smart contracts. Moreover, since Space and Time has shifted a large amount of computational work off-chain, the on-chain and off-chain data can be reasonably distributed in the analytical workload, allowing the existing blockchain infrastructure to scale exponentially while ensuring computational integrity. Dune Analytics is a blockchain research tool that provides tools for querying, extracting, and visualizing large amounts of data from blockchains. Users can query chain data using PostgreSQL and create dashboards to combine queries for data analysis. Dune Analytics