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The Series A round was led by Open Source Software Capital with participation from Boost VC, RedHat's Bob Young, Vercel’s Guillermo Rauch and Replit's Amjad Masad.
The startup provides actionable non-fungible token (NFT) data for enterprises and developers.
The surge in DYDX comes as the SEC alleges BNB and BUSD – tokens belonging to centralized exchange Binance – are unregistered security offerings.
The tool, the first in a planned suite of products, aims to speed up transaction times on Cardano.
The U.S. regulatory body is investigating related party transactions that may have violated securities laws.