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Subsquid building decentralized indexing technology with new $3.8M funding -Breaking

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Subsquid is a Substrate-based query node framework that was announced by Hypersphere Ventures on Thursday. It has now closed a seed round of $3.8 million.

This seed capital will be used to develop the first Blockchain Indexing Solution, according to the company. According to the company’s announcement, it will use this seed capital to tap into an existing network of indexers to allow everyone to contribute to Subsquid users data.