January 16, 2024

0xScope V2 Launches with Web3 AI Data Layer Focus, $5 Million New Funding Round

Web3 data analytics company 0xScope has launched 0xScope V2, marking the next stage of its development. 0xScope V2’s future emphasis is on providing data support for Web3 AI applications through its proprietary Web3 data layer, connecting AI and Web3 in the process. This initiative aims to enhance AI's understanding of Web3, assisting in overcoming Web3-associated challenges such as high entry barriers, poor user experience, and information noise. To support the successful completion of this upgrade, 0xScope has completed a $5 million pre-Series A financing round led by HashKey Capital and joined by Redpoint China, OKX Ventures, GSR Markets, Amber Group, Antalpha, and Main Quad Capital, as well as existing shareholders Mask Network, Hash Global, and XIN Family.

The 0xScope Web3 AI Data Layer and the Problems it Solves

0xScope is the first Web3 AI Data Layer with an established and complete set of standards for collecting, cleaning, and managing relevant on- and off-chain data specifically adapted for Web3 AI training. With 0xScope, developers can quickly obtain high-quality data and use it for training and optimization of AI-powered decentralized apps. At the same time, 0xScope has trained a Web3-centric large language model (LLM) that is based on the 0xScope data layer and is further enriched through continuous iteration. Developers can directly train Web3 AI agents based on this model.

0xScope’s Web3 AI Data Layer will support the emerging Web3 AI industry, which unlocks the true value of Web3 through the combination of blockchain and AI. The biggest issue with blockchain is its high barrier to entry and low adoption rates, which AI technology effectively solves by increasing the efficiency of processing Web3 transactions, data, and contracts. This is a transformation that 0xScope has seen firsthand with the development of its Web3 AI Data Layer.

Meanwhile, the core of AI lies in high-quality datasets, and one of the major challenges associated with integrating AI in Web3 is the fact that Web3's data is complex with a lot of noise. This is where 0xScope’s value proposition shines, particularly in its expertise in extensive cleaning and processing of Web3 data into the high-quality datasets that Web3 AI solutions can use to develop the killer apps of the future.

In other words, 0xScope is positioning itself as the Chainlink of Web3 AI: the engine that drives the convergence of Web3 and AI. Companies that stand to benefit from using 0xScope’s Web3 AI Data Layer include Web3 AI projects, exchanges, Layer-1 and Layer-2 platforms, investment and trading firms, and more.

The 0xScope Advantage: Track Record, Actual Products, and AI Integration

0xScope is in a unique position of having an extensive track record in data analytics and the use of AI and LLM in the Web3 industry. During its earlier V1 phase, 0xScope has served hundreds of thousands of individual users and more than 200 B2B customers, including VCs, quantitative funds, exchanges, independent developers, Web3 search engines, credit scoring protocols, Web3 ad service providers, and more.

In addition, 0xScope created an ecosystem of AI-powered Web3 market intelligence solutions that cater to the trading portfolio growth and Web3 information needs of a wide range of audiences, from individual traders, whether casual or veteran, to companies that deal with Web3 transactions and innovations.

  1. Scopechat (scopechat.ai) is an easy-to-use, intuitive, AI-powered assistant for crypto traders and users of all levels, from beginner to expert. Backed by 0xScope's wide-coverage, high-quality data warehouse, AI-driven algorithm, and the power of its large language model (LLM), Scopechat leverages public and proprietary data sets to deliver accurate, comprehensive answers to any Web3-related questions you type in. Scopechat currently has more than 300,000 waitlist users.
  2. Scopescan (scopescan.ai) is an on-chain data analytics platform that allows the creation of real-time profiles (Entities) with meaningful connections. With Scopescan, users can discover new insights into Web3 addresses and profiles using its intuitive dashboards, query complex on-chain data points, and uncover connections, money flows, and on-chain behaviors across entities, among many others.
  3. ScopeAPI helps developers leverage 0xScope data and AI solutions to enrich the capabilities of the apps that they make. 0xScope's API solutions, trusted by some of the biggest and fastest-rising names in the Web3 industry, help Layer-1 and Layer-2 Web3 platforms grow by equipping them with the capability to discern real users from bot-driven ones and to understand user behavior on-chain.

To further illustrate what 0xScope’s Web3 AI Data Layer can do for Web3 apps, we will take a look at one of the solutions in the 0xScope ecosystem: Scopechat. This AI-powered Web3 trading assistant, which takes advantage of the 0xScope Web3 AI Data Layer, leverages public and proprietary data sets to deliver accurate, comprehensive answers to various Web3-related questions. With Scopechat, users can get access to real-time Web3 data and insights from just one AI assistant, without needing to switch between multiple apps to check relevant information.

During the development of Scopechat, 0xScope curated an AI-assisted user experience that leverages its wide coverage, high-quality data warehouse, AI-driven algorithm, and LLM technology. Based on its V2 focus, 0xScope introduced various modes and features to Scopechat that help users get their answers more conveniently. Through the combination of user-generated feedback loops, 0xScope’s proactive enhancements, and the self-training inherent in the Web3 AI Data Layer, Scopechat was able to refine its core features and deliver better results.

What Lies Ahead for the Convergence of Web3 and AI

To fuel its progress in building the essential data layer for Web3 AI, 0xScope has formed a coalition of ecosystem partners that will drive the development of Web3 AI solutions by leveraging the 0xScope Web3 AI Data Layer.

In the future, 0xScope's data developers will expand to participants across the Web3 industry. The 0xScope ecosystem will expand to incorporate contributions from the wider Web3 community, categorized into the following roles:

  1. Data providers (data suppliers and other solutions that help 0xScope parse, process, and optimize Web3 data)
  2. Platform developers (creators of tools responsible for data writing, cleaning, and governance)
  3. Data quality reviewers
  4. Node service providers for data transmission
  5. Data purchasers (developers who purchase data and use it for the development of dapps and other Web3 solutions)

To further incentivize the Web3 community to contribute to the 0xScope ecosystem, the company is also building an economic system powered by crypto tokens. This is part of 0xScope's vision for the convergence of Web3 and AI, with Web3 providing the decentralized networks for trustless data processing and the economic model for bringing value to all parts of the Web3 data supply chain. In the end, 0xScope believes that AI unlocks the next phase of Web3 growth, and in turn, Web3 presents the optimal framework from which AI can unlock more value for everyone involved. The 0xScope ecosystem exists as a testament to this high-potential synthesis of two of the most groundbreaking technological advances we have today.

To join the 0xScope ecosystem and take advantage of the proprietary 0xScope Data Layer that will drive the future of Web3 AI, you can reach out to community@0xscope.com.

About 0xScope

0xScope is the first Web3 AI Data Layer with an established and complete set of standards for collecting, cleaning, and managing relevant on- and off-chain data specifically adapted for Web3 AI training, powered by its proprietary Web3-centric large language model (LLM) that is further enriched through continuous iteration. 0xScope created an ecosystem of AI-powered Web3 market intelligence solutions, including the Scopechat AI-powered trading assistant, the Scopescan on-chain data analytics platform, and the ScopeAPI suite of API solutions for Web3 platforms and projects.

Visit 0xScope

0xScope | Scopescan | Link3 | X | Telegram | Youtube | Discord