Custom onchain analytics platform Parsec will end its service after five years of operation, The Block reported on Thursday.
The Parsec team said on Thursday via social media platform X and its official website that Parsec has shifted to offline status and is processing refunds and subscription cancellations for current active subscribers.
Parsec is an onchain analytics platform launched in early 2021. It provided a terminal and an application programming interface that let users build custom dashboards and data visualisations based on decentralised finance and non-fungible token (NFT) data. It also introduced an LLM-based cryptocurrency research tool, Parsec Agent.
Parsec previously raised $1.25 million in a seed round and $4 million in a seed extension from Galaxy Digital, Polychain Capital, Robot Ventures and Uniswap Ventures, among others.
Chi-gyu Hwang
delight@d-today.co.kr