Onchain analytics tool Parsec winding down operations
Onchain analytics tool Parsec announced it is winding down operations after five years and is processing refunds for active subscriptions.Summary
The customizable onchain analytics tool Parsec has announced it is ceasing operations after five years. The team confirmed on X and their website that they are in the process of refunding and canceling active subscriptions. Parsec provided an onchain analytics platform and terminal allowing users to create customized dashboards and data visualizations, focusing on DeFi and NFTs, alongside offering API access. The tool also featured Parsec Agent, an early experiment utilizing LLMs for crypto research, analyzing things like Polymarket outcomes and market sentiment. The project launched in early 2021 and successfully raised funding, including a $1.25 million seed round and a subsequent $4 million seed extension, from notable investors such as Galaxy Digital, Polychain Capital, Robot Ventures, and Uniswap Ventures.
(Source：The Block)