![]() ![]() Notable angel investors include Kleiner Perkins’ John Doerr, Dapper Labs co-founder Roham Gharegozlou, and outgoing Polygon Labs president Ryan Wyatt.įeng-a former CTO at Hulu and veteran of Meta and Microsoft-said that Cymbal sees revenue-generating opportunities with targeted advertising based on wallet data, along with selling its curated data to app builders via API access. The startup has raised a total of $18.5 million to date with notable investors in the mix, including Coinbase Ventures, Solana Ventures, CAA Connect Ventures, UTA Ventures, Shima Capital, and Google Ventures (GV). ![]() He suggested potential messaging, content publishing, and other social features to come in time. Users can follow wallets and projects, plus wallet owners can claim their own page and then personalize it to become a “Web3 profile” of sorts, Feng said. Image: CymbalĬymbal looks like a social network, and it can be used like one too. “We consider NFTs to be the gateway to Web3 ,” he told Decrypt. NFTs are also often the first way that people are onboarded into the crypto space these days, he added, and that accessibility layer also played a role in Cymbal’s decision-making. The tokens are often tied to artwork, which makes them visual in nature-ideal for this kind of platform. Cymbal is launching with a focus on NFTs, but Feng said that richer data regarding cryptocurrency and token transactions will be added in time, as his team works to “build out a full Etherscan replacement.” Support for the Solana blockchain is coming in a matter of weeks, he added, with Ethereum scaling network Polygon not far behind.įeng said that Cymbal started with NFTs for a couple of reasons. ![]()
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