2022, Web3 became the buzzword of the year, but beyond the hype, I’m convinced it represents the future of our beloved World Wide Web (WWW). Web3, also known as web 3.0, is the new iteration of the WWW, whose main features are decentralization (vs current centralized web), blockchain, And not–fungible tokens (NFTs).
Both NFTs And cryptocurrencies Are based on blockchain technologies. NFTs or cryptocurrencies cannot be substituted or exchanged as they have unique properties and therefore cannot be counterfeited or manipulated. Beyond the new cryptocurrencies and blockchain-based unforgeable digital arts (NFTs), Web3 technologies will open up endless possibilities. If you need to better understand Web3 and its major components, Ethereum provides good information on how to do it this page.
With the rise of Web3, mainly through the NFT mania and the launch of millions of new cryptocurrencies, alongside their ancestors Bitcoin And ethermany investors and entrepreneurs want to jump on the bandwagon.
And here comes edgeA “no costs, cost-effective alternative to Crunchbase and Pitchbook” as the company puts it.
Free/low-cost Web3 data platform with a shared revenue model
At the moment, EdgeIn offers free access to its data including one growing list from 25,000 company profiles but for $14.99/monthusers can get real-time updates on Web3 companies, people, investment offers and events that interest you. And the icing on the cake: EdgeIn will share the revenue with its communityin order to fulfill its core task, “truly decentralized, accessible data that drives innovation“. you will find More information about the paid version on the EdgeIn website.
According to the company, the The Web3 investment research market is currently worth $610 million and is expected reach $11 billion by 2030. During my conversation with Ashley BrownCo-founder and COO of EdgeInshe told me that the competing Web3 ecosystem research tools currently used by investors are complex, rely on legacy data, and often generate profits from the analysis and resale of users’ public information.
Coordinated with The Mission of Web3 to provide a fair decentralized internet where users control their own data and identity, edge aims to help users recover their data and monetize their contributions to the ecosystem.
“Our goal is to remove all kinds of obfuscation in the Web3 industry and provide the data Reliability this community deserves,” called Redg SnodgrassFounder and CEO of EdgeIn. “It’s time to demand more transparency in Web3 and replace the responsible centralized office holders Impede growth and business development by making it difficult to find valuable information. The The existing data model is failing everyone from builders to LPs to our own families.”
Collaborative with super fast turnaround time for adding new data
“The double-sided architecture is collaborative and motivated, allowing anyone in the community to contribute data,” called Ashley Brown, co-founder and COO of EdgeIn.
According to the EdgeIn founders, since October when the platform opened, over 15,000 new companies and projects have been submitted by users and new data requests are fulfilled in less than an hour by the company’s analysts. However, the It takes 24 hours for the EdgeIn community analyst team to validate and publish contributions on larger datasets. This speed of adding user submitted data is amazing and much faster than the turnaround time offered by Crunchbase.
Easy to use, tens of thousands of data points (growing) and partnerships
The platform currently includes 50,000 Web3 companies and projects indicated, 4,000 active investor profiles, And over 20,000 builders. I gave EdgeIn a quick try and was able to find tons of information super fast using tags, filters and the search tool. The user interface (see screenshots) is easy to use and very responsive. The website makes it possible to track many aspects of the Web3 ecosystem, in addition to companies and stores, such as: B. the employment of companies and market changes (velocity map) or the latest trends.
The company claims that its team “created the largest verified on/off-chain dataset in Web3 and indexed over 90% of the market in just 3 months“. Such a successful implementation would not be possible without the help of multiple dates and events partners such as AmberData, Harmonic.ai, defy trends, coingecko, LunarCrush, DefiLlamaAnd DealRoom.
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