Sridhar Ramaswamy, who ran Google’s advertising business for five years, founded a Web3 company called nxyz.
Established to transmit data on NFTs and crypto wallets, nxyz scans blockchain networks and their associated applications. It then relays the results to developers in real time.
Investment Support for Nxyz from Coinbase
Sridhar Ramaswamy, who was the manager of Google’s advertising business from 2015 to 2018, announced that the company named nxyz has started operations.
The company has raised $40 million in a funding round led by crypto-focused venture fund Paradigm, with additional support from Coinbase, Sequoia, and Greylock.
With his new venture, Google’s former executive wants to make it easier to search on the blockchain. Nxyz was designed earlier this year by a team of engineers at Neeva, a search engine that does not contain any ads and blocks online tracking tools.
nxyz currently supports Ethereum, Polygon and Binance networks, scanning blockchains and applications for sought-after data about how much is held in crypto wallets or which NFTs are purchased. Ramaswamy also stated that he wants to include more networks over time.
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