In the field of data analysis on the blockchain, many successful examples have emerged, such as Chainalysis, Nansen, Dune Analytics, Arkham Intelligence, projects focusing on cash flow tracking, smart money and analytics. Analyze financial indicators. Octan has a unique method of evaluating the reputation of Web3 entities, extracting social information and user behavior from on-chain transactions without violating privacy.
Thanks to this approach, Octan positions itself as the ultimate Web3 marketing platform, allowing marketers to search and analyze social information and users' personal profiles for on-chain classification and segmentation. . This helps projects and marketing companies plan and execute airdrop and regression campaigns more effectively, as well as whitelist IDOs more reliably. Besides, Octan also helps researchers evaluate dapps and their user quality more easily through reputation scores.
CEO and founder of Octan, Paven Do, shared: “On-chain data is large, complex, and useful information is difficult to come by.
Each individual chain analysis company will have its own approach. Inspired by Google, Octan invented Legendary Rankings based on an adaptive Pagerank algorithm to measure the importance and impact of on-chain entities. Combined with labeling Web3 entities, Octan aims to establish Trust and Credibility in the Web3 space, building an analytics platform to help users, marketers, researchers, investors understand social and personal information easily, then make decisions based on their data.”
As for Coinbase, they are inviting reputable on-chain builders to join their Base Eco Fund.
Base is an L2 optimistic-rollup layer on Ethereum, powered by the OP stack and developed by Coinbase. Base focuses on creating “decentralized and reputable identities” on-chain, and warns about the possibility of building trustworthiness through the use of reputation protocols like Google Pagerank to favor entities naturally on string. This coincides with what Octan has researched and developed over the years.
The investment capital from Ava Capital, STC Capital and Kretos Ventures will help Octan pay for research and development activities, solution deployment and advanced technology for the full production version of the platform in 2024. .
AVA Capital, STC Capital and Kretos Ventures are reputable investment funds based in Vietnam, and they focus on investing in DeFi projects, gamefi, NFT, socialfi, DAO, infrastructure and Web3 sectors , especially at the initial stages of projects.