Zug, Switzerland, July 24th, 2024,
Chainwire
Subsquid Labs enters a strategic partnership with M31 Capital to
drive global adoption of Web3 AI technologies.
Subsquid Labs is thrilled to partner with the leading investment
firm backing the pioneering builders of crypto-enabled AI
ecosystems. The goal of the collaboration is to unlock the full
potential of the blockchain data aggregated by Subsquid Labs’
decentralized data access Layer, SQD Network, by driving the
development of innovative Web3 AI use cases on top.
Over the next 12-18 months, the parties will join forces to
position SQD as the go-to data access solution for Web3 and AI,
among other things, by improving product positioning, implementing
required features to support Web3 AI use cases, and growing the
number of network participants contributing to the data access
layer.
Within a short time since its mainnet launch, Subsquid Labs has
grown the adoption of its network to hundreds of dApps, supported
by more than 800 worker nodes responding to data requests in its
decentralized network.
“We deeply appreciate M31's outstanding dedication to allocating
resources and truly understanding the vision we're pursuing. Their
data-driven long-term approach is quite rare in a landscape
seemingly dominated by short-termism. Their help will be incredibly
valuable in increasing SQD's market share and entering new
markets.”
Marcel Fohrman, Co-Founder, Subsquid Labs.
“We knew SQD would be a perfect partner for our Web3 AI
ambitions after the first call with founders Marcel and Dmitry,
where we shared a similar vision for the exciting new AI use cases
the platform could support. However, what sealed the deal for us
was their obsessive attention to unit economics and commitment to
building sustainable value for the long-term. This dedication has
been validated by their recent partnership with Google Cloud – but
this is just the beginning for SQD.”
David Attermann, Head of Web3 Investments, M31 Capital
For more information about the partnership and future
initiatives, please contact Subsquid Labs at: info@sqd.dev
About SQD Network
SQD Network is a hyper-scalable modular data platform that
combines a decentralized data lake with a highly efficient query
engine to unlock new functionality for dApps, AI agents, analytics,
and ZK Proofs/TEE by providing blazing-fast blockchain indexing. By
replacing reliance on RPCs for querying chains, SQD facilitates
retrieval of onchain data at scale, powering seamless user and
builder experiences.
About Subsquid Labs
Subsquid Labs is a blockchain infrastructure startup that
created, and contributes to SQD Network.
About M31
M31 Capital is a global investment firm focused exclusively on
blockchain technology. Since 2011, the firm has been an early
investor in over one hundred companies, tokens, DAOs, and projects
that leverage blockchain to promote individual sovereignty. Today,
M31 Capital manages institutional-grade hedge funds, venture funds,
and index funds for some of the world's top investors.
Contact
Marcel
Fohrmann
contact@subsquid.io