{"id":23680,"date":"2024-06-26T22:04:41","date_gmt":"2024-06-26T19:04:41","guid":{"rendered":"https:\/\/coinengineer.io\/?p=23680"},"modified":"2024-06-26T22:04:41","modified_gmt":"2024-06-26T19:04:41","slug":"covalent-5m-investment-led-by-rocktree","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/covalent-5m-investment-led-by-rocktree\/","title":{"rendered":"Covalent&#8217;s $5M Investment Led by RockTree Capital"},"content":{"rendered":"<p>Lead by RockTree Capital, the blockchain data infrastructure company <strong>Covalent<\/strong> raised $5 million in strategic investment. An official release states that additional investors are CMCC Global, Moonrock Capital, and Double Peak Group.<\/p>\n<p>Like the web2 variant that preserves internet websites, <strong>Covalent<\/strong> creates infrastructure to let users retrieve historical blockchain data in the &#8220;Ethereum Wayback Machine.&#8221; Using its funds, the company stated it would be able to go into Asia and increase the acceptance of long-term data availability in nations like China and Singapore. From token sales, <strong>Covalent<\/strong> raised a total of over $20 million.<\/p>\n<p><em>\u201cThis is a milestone for the Covalent network to deliver Long-Term Data Availability to users and developers in Asia. As blockchain and AI technology advance, Covalent is continuing to innovate and provide the most robust data infrastructure for the global audience,\u201d<\/em> the firm&#8217;s co-founder Ganesh Swami stated.<\/p>\n<p>The founder of the bitcoin exchange BitMEX, Arthur Hayes, joined <strong>Covalent<\/strong> on June 11 and was paid CQT tokens.<\/p>\n<p>Leading Hashed Ventures, <strong>Covalent<\/strong> raised $2 million in strategic capital in March 2021 under further assistance from Coinbase Ventures, Binance Labs, and Delphi Ventures, among others.<\/p>\n<p><strong>Covalent&#8217;s<\/strong> native token, CQT, traded at $0.17 on Wednesday following a 12.67% rise in the previous 24 hours. The market capitalization of CQT is $123.1 million.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lead by RockTree Capital, the blockchain data infrastructure company Covalent raised $5 million in strategic investment. An official release states that additional investors are CMCC Global, Moonrock Capital, and Double Peak Group. Like the web2 variant that preserves internet websites, Covalent creates infrastructure to let users retrieve historical blockchain data in the &#8220;Ethereum Wayback Machine.&#8221;<\/p>\n","protected":false},"author":6,"featured_media":23681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[7028,869],"class_list":["post-23680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-covalent","tag-rocktree-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Covalent&#039;s $5M Investment Led by RockTree Capital - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/covalent-5m-investment-led-by-rocktree\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Covalent&#039;s $5M Investment Led by RockTree Capital - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Lead by RockTree Capital, the blockchain data infrastructure company Covalent raised $5 million in strategic investment. An official release states that additional investors are CMCC Global, Moonrock Capital, and Double Peak Group. 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