SolanaFM, a blockchain researcher and indexing provider, has secured $4.5 million in a seed funding round. Japanese financial company SBI Group’s Digital Asset Opportunity Fund led the round. According to a news announcement on Friday, the round also included investments from Spartan Group, Mirana Ventures, D1 Ventures, and Petrock Capital. Nicholas Chen, Bing Huang, and Fathur Rahman, the startup’s co-founders, chose to concentrate on blockchain infrastructure solutions during a Solana hackathon, which gave rise to the Singapore-based company. SolanaFM, which comprises two essential tools, is the result of this. The first component is an indexer, which makes it possible for users to acquire and access Solana data quickly and effectively. Rahman said, “The second is a blockchain explorer to view and interact with Solana data.” Etherscan – Well-Known Blockchain Explorer Individuals may search through data recorded on the blockchain using a blockchain explorer. Etherscan is among the most well-known blockchain explorers. Rahman noted that Etherscan did an excellent job designing a simple explorer. According to Rahman, SolanaFM seeks to improve this experience for the Solana ecosystem by developing a user-friendly and visually appealing experience that will help attract “normies” to the ecosystem. Provision Of Indexing As stated by Rahman, “We built it solely because we felt there was an issue right there and that we need to fix ...
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