Unmarshal, a new project to build a data-indexing solution for the blockchain, on Friday announced a $ 2.6 million seed funding round from a number of investors in the crypto industry.
Project funds that participated in the tour include Unmarshal Woodstock, Black Edge Capital, Genesis Block Ventures, NGC Ventures, AU21, Spark Ventures, BitMax and a few others. Individual investors such as Ravindra Kumar and Philip Arthur Moore of Frontier joined the tour. Sandeep Nyalvall, Co-Founder, Polygon; Annicket Jindal Danesh Choudhury et al.
Unmarshal is building a multi-chain data indexing network to help deliver structured blockchain data to industry participants. The network supports Ethereum, Binance Smart Chain, Elrond, Polkadot and substratum chains. The team plans to roll out networking support to two teams through Polygon, formerly known as Matic.
Computer infrastructure projects have reached huge levels of popularity and use, led by the graph protocol. Unmarshal occupies a similar niche, co-founder Manohara Kolagondanahalli told Cointelegraph:
“Unmarshal is a complete end-to-end computer network. We cater to customers’ needs for user data without asking them for a code. If the graphics require developers to create photo snippets, we can provide more general data like wallet balance, transaction history for any address, etc. . ”
Although some data can be obtained from free APIs, Kolagondanahalli believes that this data is not enough. The APIs provided by the blockchain are block or country specific. It would be difficult to answer questions like which symbols belong to the title and what are their value, ”he said.
Unmarshal will also contain a token that will be included in the ecosystem. “We need a decentralized network through which we will index, decode, validate and authorize,” Kolagondanahalli explained.
Potential users of Unmarshal data include everyone in the industry, from DApp projects to exchanges and commercial companies. Data can be delivered using various media such as push notifications, WebSocket, or custom dashboards. Using this data in a blockchain context is more difficult, according to Colagondanahalli, because it requires a robust Oracle solution. He added, “We can work with Oracle or create our own Oracle to provide data for smart contracts.”
Unmarshal appears to be targeting a data solution that works straight out of the box for specific data needs, as Colagondanahalli says “you can create a block explorer with Unmarshal.” Compared to competitors like The Graph or DuneAnalytics, which require complex query languages to structure data, this can be an attractive proposition for specific applications.