RootData: A Comprehensive Platform for Web3 Data Analysis

1. Overview of RootData Labs

RootData was designed to centralize data on over 11,000 Web3 projects, 8,000 individuals, 6,500 investment activities, and physical addresses. With its Beta version launching in December 2022 and RootData 2.0 launched on February 22, 2024, the platform has quickly attracted over 1 million Web3 followers. It organizes data using tags, ecosystems, and archives, offering a comprehensive view of the Web3 world.

Founded by a team with nearly six years of experience in crypto news reporting and research, RootData combines their expertise to provide a systematic, professional approach to data gathering and analysis. This enables users to access accurate information sourced from official project websites, credible reports, and active community engagement. RootData aims to evolve into a powerful asset-tracking tool for the Web3 community, providing deep insights to aid in investment decisions.

2. RootData API Integration

RootData offers an API that enables third-party platforms to access its extensive datasets. This API covers information such as project investors, financing details, introductions, and social media links. By integrating RootData’s API, external platforms can streamline their data management processes, reducing the need for independent data tracking and enhancing overall user experience.

Currently, the platform serves over 30 customers in various sectors, including task platforms, media companies, wallet providers, and AI applications. This integration allows for seamless data access and supports the broader adoption of Web3 technologies.

3. Point System for Community Engagement

RootData has developed a unique point system to encourage user participation and contribution. Users earn Periodic Points by engaging with the platform, such as bookmarking at least three projects each week. Contribution Points are awarded when users contribute content, like submitting new projects, providing feedback, or creating high-quality compilations.

Although the point redemption feature is not yet available, RootData plans to offer rewards in the future. These rewards may include partner platform memberships, NFT whitelist spots, and exclusive NFTs with various privileges. This system helps foster a strong community-driven platform, allowing users to directly benefit from their engagement.

4. RootData Use Cases

RootData serves a variety of purposes across different sectors:

Crypto Investment Analysis: The platform aggregates financing and project data to help users identify investment opportunities and analyze market dynamics.
Task and Recruitment Platform: It supports project connectivity, making it easier for Web3 companies to manage recruitment and task delegation.
Exchange and Wallet Integration: RootData provides detailed asset descriptions, assisting exchanges and wallet providers in making informed decisions.
AI Conversational Agent Enhancement: RootData contributes to AI database enhancement, improving Web3 comprehension for AI models, which ultimately enriches the user experience in Web3 applications.

5. RootData List

Annually, RootData releases the ROOTDATA LIST, a ranking system derived from data analysis of user interactions within the Web3 ecosystem. The list is known for its professionalism and objectivity, offering insights into key players and trends within the industry. Categories include:

Web3 TOP50
Web3 Investors TOP100
CEFI TOP20 Projects
DEFI TOP20 Projects
GAMEFI TOP20 Projects
SOCIALFI TOP20 Projects

The ROOTDATA LIST is widely respected within the industry, providing valuable insights to investors and Web3 professionals.

6. Funding and Partners

In April 2024, RootData completed a successful $1.25 million seed funding round. Led by NLVC, the round attracted a variety of notable investors, including Boyaa Interactive, Bonfire Union Ventures, Sending Labs, and Skyland Ventures, among others. These funds will primarily be used for product development and market expansion.

RootData also has strong partnerships with several industry leaders, including:

ChainCatcher
BitouchNews
Token Pocket
0xScope
Galxe
Web3Go

These partnerships enhance RootData’s credibility and support its vision to become the leading platform for Web3 data analysis.

7. Ecosystem

Website:https://www.rootdata.com/
Twitter: https://x.com/RootDataCrypto
Discord：https://discord.com/invite/AeKsqq9738
Telegram： https://t.me/Rootdatalabs

8. Conclusion

As RootData continues to develop, it aims to improve its capabilities as a comprehensive asset-tracking tool. With plans to integrate more data sources, expand its API offerings, and enhance its user-driven point system, RootData is positioning itself as an indispensable resource for anyone involved in the Web3 space, from investors to developers and beyond.

RootData’s commitment to professionalism, data accuracy, and community engagement ensures that it will remain at the forefront of Web3 data analysis for years to come.

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