As part of the funding round of Series A led by Arthur Ventures, the Nomics cryptocurrency startup raised $ 3 million. Coinbase Ventures, CoVenture Crypto, Digital Currency Group, BitGo co-founder Ben Davenport, CityBlock Capital, King Capital, PolyMath and TokenSoft are among the investors.
Note, Nomics intends to invest in expanding of the development team. The funds raised will also allow the startup to continue work on indexing 95% of the data related to the cryptocurrency trade.
Nomics CEO and co-founder Clay Collins said that collecting cryptocurrency data is a complex engineering task. He added that the Nomics team is committed to providing data without gaps that will demonstrate a real picture of the cryptoindustry.
According to Collins, after indexing the information, "millions of new pages available" will appear.
You can access data on various assets, such as price quotes and trading indicators, using the Nomics API, which shows financial performance for both previous years and in real time.
The ultimate goal of the project is that hedge funds and other investors can use this data when developing trading algorithms and tracking market fluctuations.