If you’re looking for reliable, Web3 community data, look no further. EdgeIn, the only democratized platform for company, project, team, investment, and token data, today announces its first paid product offering. For $14.99/month, get real-time updates on the companies, people, deals, and events you’re most interested in, giving you an unprecedented edge in Web3.
The company’s mission is core to Web3’s intention for truly decentralized, accessible data that drives innovation.
“Our goal is to remove all manner of obfuscation in the Web3 industry and provide the data reliability this community deserves,” said Redg Snodgrass, founder and CEO of EdgeIn. “It’s time to demand greater transparency in Web3 and to replace the centralized incumbents responsible for stunting growth and business development by making it difficult to find valuable information. The existing data model is failing everyone, from builders to LPs to our own families.”
All about deal flow
Existing research platforms focus heavily on complex, quant-based dashboards and legacy data. As opposed to competing with products or word-of-mouth dealflow for crypto-native funds, the company offers simplified insights that give even Web2 investors an abridged view of the Web3 marketplace.
Currently, the alternative data market is a $1.8 billion market and is projected to be a $60 billion market by 2030. That consists of sentiment data, scrape data, analytics, etc. The Web3 investment research market, alone, is currently $610 million and is projected to be a $11 billion market by 2030.
Competing products primarily generate revenue off of capturing users’ public information, trading it, analyzing, and selling it back to large enterprises in a suite of centralized applications. EdgeIn aims to help users reclaim their data and to profit from contributing to the ecosystem.
“EdgeIn’s community data model levels the playing field for builders in Web3, providing greater visibility into the market and giving users better control of their data,” said Ashley Brown, co-founder and COO of EdgeIn. “The dual sided architecture is collaborative and incentivized, enabling anyone in the community to provide data.”
How big is Edgein?
Since the platform opened in October, over 15,000 new companies and projects have been submitted by users. New data requests are fulfilled in an average of 45 minutes by a team of community analysts. Larger dataset contributions are indexed, validated, and published in 24 hours.
The team has built the largest verified on/off-chain dataset in Web3, indexing over 90% of the market in just 3 months. EdgeIn currently has 50,000 Web3 companies and projects indexed, 4,000 active investor profiles, and over 20,000 builders already on the platform. The company will soon move into additional markets, including Generative AI, AR/VR, and a few other alpha markets to be named later. Community members have free access to a growing list of 25,000 published companies on the site. In addition, EdgeIn will be announcing API access to its full dataset in February 2023.
Since launching the platform 8 weeks ago, the company has attracted users across +1,500 cities in 140 countries and continues to maintain a .95 daily active user count. In the last 48hrs, 10% of users have already converted to a paid Contributor plan.
EdgeIn is currently in the “data seeding” phase of its launch and is actively onboarding additional technology, data, and event partners to provide the most reliable, timely dataset in the industry. Current partners include AmberData, Harmonic.ai, DefyTrends, Coingecko, LunarCrush, DefiLlama, DealRoom, and a handful of other like-minded teams.
The company is currently bootstrapping and has raised $400K from a handful of angel investors, including Mike Dinsdale (Akkadian Ventures, DocuSign, DoorDash, Gusto), Mike Borozdin (DocuSign, Google), Jeremy Clover (Circle), Pedram Amini, Bayo Okusanya and Ulises Merino Núñez. EdgeIn has also attracted several native Web3 advisors to accelerate reach and serve as early guides to effortlessly penetrate the Web3 community, including Wyatt Khosrowshahi of Shima Capital, Dylan Hunzeker of Palm Drive Capital, Travis Wright of The Bad Crypto Podcast and James Burkett of Delos Holdings.