Cryptocurrency and non-fungible token (NFT) ecosystem analytics firm BitsCrunch has raised $3.6 million in a funding round led by Animoca Brands, Coinbase (NASDAQ:) Ventures, Crypto.com Capital and others.
BitsCrunch uses AI-based analytical tools to determine the fair price of NFTs, identify money laundering warnings, and determine whether an NFT is a copy or counterfeit of the genuine asset. The company is based in Germany and India.
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The company believes that investors in this ever-growing space need better access to data to protect them from fakes and being misled by naïve trading volume.
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