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SendBlocks Debuts with Major Support to Improve Blockchain Data Management
Blockchain technology is gradually becoming more accessible. It is now easily manageable and thanks to pioneering startups like SendBlocks. The company recently announced that it has secured $8.2 million in seed funding led by Castle Island Ventures. Other notable investors included Pitango, Illuminate Financial, Laser Digital (Nomura), Starkware, and several ecosystem leaders. The new capital highlights investors’ confidence in the company’s potential to transform blockchain data management.
SendBlocks focuses primarily on simplifying the process of accessing blockchain data. It is set up to make things very simple. Its platform is highly customizable and allows users to define their specific data needs.
SendBlocks co-founder and CEO Itay Shrem said that they want to create a reality where any developer can access any blockchain data without the need for an entire data team. They don’t have to spend thousands of dollars per data. The main vision is to simplify operations and save costs through their innovative solution.
The challenges of data management in the blockchain ecosystem are different from those seen in traditional web development. Backend engineers create and access databases directly in web2. The blockchain itself serves as the backend in web3. It is accessed via Remote Procedure Call (RPC) mechanisms.
Change presents two significant challenges. Flexibility is key as each organization has its own unique data needs and processes. Organizations often spend considerable resources developing in-house solutions to manage their data. Additionally, high-throughput blockchains process numerous transactions in short periods. This requires complex indexers to continuously query and monitor the data. Such services often struggle with performance.
SendBlocks tackles the challenges head-on. Co-founder and CTO Michael Kellner emphasized the importance of scalable infrastructure and stressed that starting in web3 shouldn’t require a large data team. The approach scales the blockchain and also ensures that the entire stack supports the next generation of applications.