Meet the co-founders of Bubble Maps, a thriving early-stage startup in the metaverse that recently secured an impressive 3 million EUR in funding. Their journey is a fascinating one, marked by innovation and a passion for making on-chain data accessible to the crypto community.
The Birth of Bubble Maps
Bubble Maps was born from the experiences of its co-founder, Nick, who gained valuable insights from a previous venture, Cryptonia. Unlike their earlier project, Bubble Maps honed in on on-chain data analytics, setting the stage for their current success.
The Evolution of On-Chain Data
The crypto space has witnessed a remarkable evolution in on-chain data. From a time when data services were scarce to the present, where numerous data providers offer both on-chain and off-chain data, the growth has been extraordinary.
Balancing Web2 and Web3 in the Crypto World
Web3 is mirroring aspects of Web2, particularly concerning analytical platforms and tools. Emphasis is placed on visualization, data depth, and a wide range of data sources. To facilitate this transition, a seamless onboarding experience is crucial. The on-chain data space is fiercely competitive, with numerous players vying to extract value from public blockchain data.
Bubble Maps’ Upcoming Features
Bubble Maps has exciting plans, including the introduction of ‘Big Bang,’ enabling users to track a token’s entire lifecycle. The incorporation of AI will simplify data interpretation, making it more accessible and user-friendly.
AI and On-Chain Data
Leveraging AI in the on-chain data realm presents challenges. While AI can automate processes, it requires a robust dataset for training. The integration of AI and crypto will likely encounter bumps along the way, but the goal is to use AI for pattern recognition and interpreting cluster behaviors on-chain data.
Balancing Transparency and Confidentiality
The crypto space faces a complex dilemma regarding transparency and confidentiality. Striking the right balance is essential for regulatory endorsement. Public blockchains with a level of transparency can help maintain accountability and integrity.
Challenges of Privacy in Crypto
Maintaining privacy in crypto is more complicated than it seems. Every transaction is traceable, and misplaced confidence can lead to unforeseen consequences. Users must exercise caution in a blockchain’s transparent environment.
Ethical Dilemmas in Data Analysis
Data transparency in the crypto space comes with ethical dilemmas. While providers like Bubble Maps aim for transparency and accountability, they navigate the complexities of dealing with individuals, entities, and their wallets.
Bubble Maps: Empowering Citizen Journalism
Bubble Maps goes beyond presenting on-chain data; it’s about storytelling and simplifying complex crypto-related information. Citizen journalism plays a crucial role in the crypto space, empowering individuals to tell their stories and shed light on the industry’s nuances.
The Future of Citizen Journalism
The future of citizen journalism in crypto holds the promise of decentralizing authority figures and promoting transparency. Bubble Maps serves as a tool to uncover stories, even amidst complex legal battles, helping the crypto community understand the truth behind various events and disputes.
Making Crypto Accessible
Simplifying crypto-related information is vital for mass adoption and educating people of all ages, including older generations. Bubble Maps aims to make the crypto world more accessible and understandable for everyone, regardless of their familiarity with the industry.