Web3 Infrastructure Firm Blocknative Raises $15M for Ethereum Block Building Market

Dec 16,2022
KingData News: Blocknative, a Web3 infrastructure company, has raised $15 million in a Series A-1 round. The financing will accelerate Blocknative’s initiatives in the block building market in the Ethereum ecosystem. Blocknative previously closed a $5M round of funding in November 2020. Investors: The funding was led by Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, Industry Ventures and others. Project Info: Blocknative has become one of Ethereum’s biggest block builders, which are third-party providers that determine which transactions get included in blocks and in what order. Ever since Ethereum went through “the Merge” on Sept. 15 to move to a proof-of-stake consensus mechanism, Blocknative’s relay and block builders have added more than 17,000 blocks to the Ethereum blockchain.
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