ICYMI: Luabase raises $4.5 million to make blockchain data easier, cheaper
Luabase, a start-up that is making blockchain data easier to use, has raised $4.5 million from Costanoa Ventures, 6th Man Ventures, and the founder of thirdweb, a platform for developers to build applications.
The current querying landscape is heavily user-intensive, requiring people to build entire data pipelines from scratch, Luabase founder Michael Ritchie told The Block. Blockchain data can be extremely expensive to download and decode for any given query. In addition, a small error can result in having to run and pay for those same queries again, all while having to store this large sum of data.
The company will support every Ethereum Virtual Machine chain within the next few months, and launch Github integration in September and its own SDK later this year, it said in anLuabase stores, optimizes, and decodes billions of data rows and offers sub-second querying times. Users can build datasets and visualizations from the data they queried in a collaborative environment.
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