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On-Chain Analysis Tool Parsec Announces Shutdown
According to The Block, on-chain analysis tool Parsec announced that after 5 years of operation, Parsec has ceased services, is processing refunds, and canceling active subscriptions. Parsec provides an on-chain analysis terminal that allows users to build custom dashboards and data visualizations for DeFi and NFTs.
Parsec was launched in early 2021, raising $1.25 million in seed funding from investors including Galaxy Digital, Polychain Capital, Robot Ventures, and Uniswap Ventures, along with a $4 million extension of its seed round.