Odaily Planet Daily reports that the on-chain data analysis platform Parsec has officially shut down operations. The team announced on their official website and social media platforms that after five years of service, the project has ceased operations and is currently processing refunds and canceling all active subscriptions.
Parsec was launched in early 2021, offering customizable on-chain data terminals and analysis platforms that support users in building dashboards and visualization tools for DeFi, NFTs, and other sectors, as well as providing API services. Its Parsec Agent also attempted to incorporate large language models (LLMs) for on-chain research and analysis, including market prediction, social sentiment analysis, and market activity monitoring.
The project previously completed a $1.25 million seed round and a $4 million seed extension funding, with investors including Galaxy Digital, Polychain Capital, Robot Ventures, and Uniswap Ventures.
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