Dubai - Sharikat Mubasher: Blockscout, the leading open-source block explorer, secured $3 million in a seed round led by 1kx, with participation from Primitive Ventures, Gnosis, and over 40 angel investors.

In a statement, Blockscout said it will utilize the proceeds to build out the product suite and improve user experience, such as the integration of social elements and AI-enabled tooling directly into the dashboard.

It will also use the investment to facilitate the deployment of its Explorer-as-a-Service, support new projects looking for environment-as-a-service (EAAS) customization, and deepen involvement with existing chains.

Blockscout provides a full suite of products for exploring, confirming, and inspecting transactions, including robust developer tooling and a user-friendly portal for consumers and applications. 

Igor Barinov, Founder and CEO of Blockscout, said: “We are on the way to becoming the main platform for verifying all information on blockchains and exploring dApps in a safe way. As one of the few open-source players, we offer unmatched transparency and accessibility that serves everyone in the crypto space, from developers to everyday users.”

Meanwhile, Nichanan Kesonpat, Research Analyst at 1kx, commented: “Block explorers have long been a staple tool for the web3 ecosystem, giving developers, analysts, and end users alike the visibility they need into general on-chain activity and transactions of interest.”

Covering over 600 networks, Blockscout is the de-facto solution for RaaS providers such as Conduit, AltLayer, Gelato, Chainstack, and Astria, who all integrate them to give their customers a block explorer out of the box.