CA-based Truflation secures $6million in funding. Together with prior investors Chainlink, Fundamental Labs, C2squared, Cogitent Ventures, and the Israeli Blockchain Association, the round was led by Laser Digital, Red Beard Ventures, Modular Capital, Abra, G20, and Four Seasons Ventures.
Amidst over 800 submissions, the Base Ecosystem Fund under the management of Coinbase Ventures chose Truflation for its inaugural cohort in this funding round.
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The money will be used by the business to increase operations and development initiatives.
With a wide range of independent indices and data feeds available, Truflation is an expert in the economic data space.
The company provides an extremely accurate substitute for official data agencies’ data collection methods, since it compiles millions of real-time aggregated data pieces. Additionally, it provides a DRPp (Definitive Reference Point) protocol that tracks data in real time over feeds, markets, and networks.
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Truflation’s censorship-resistant and easily accessible data indices, which track over 18 million goods with three price feeds per item, offer the data foundation required to bring about systemic breakthroughs in the economy, enabling developers to create open, infinite marketplaces.
About Truflation
To help with decision-making, Truflation provides a new inflation truth-set and trustworthy financial data. Compared to typical indexes that update every a month, it uses 10 million data points and updates indices daily, providing more thorough and current information. The impartial, verifiable data provided by Truflation’s safe blockchain technology is essential for the expansion and sustainability of company decisions.
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