AI-Powered Cryptocurrency Analysis Platform SoSoValue Raises $15 Million in Series A Funding, Valued at $200 Million
In a groundbreaking move, SoSoValue, a leading player in the cryptocurrency market, has launched its Investible Spot Index Protocol (SSI). This innovative framework aims to democratize investing by making the index creation process open-source, allowing anyone to build, verify, and use index products without relying on centralized intermediaries.
The open-source index creation tool, a reflection of SoSoValue's commitment to information and asset equality, empowers professional investors to create their unique market strategies. With this tool, users can analyze crypto markets, including Dexes, ETFs, and individual cryptocurrencies, as well as fundraising by Web3 startups.
SoSoValue's SSI repackages multi-chain, multi-asset portfolios into wrapped tokens, providing a transparent and accessible means of investing. The data is presented in an intuitive dashboard on the SoSoValue platform, making it easy for users to track their investments.
The launch of the open-source index creation tool has been met with significant interest. Within two weeks of launch, more than 10,000 unique wallet addresses were shown to be holding SSI tokens. This demonstrates the demand for a more accessible and democratic approach to investing.
SoSoValue's Series A round, which raised $15 million, was led by existing investors HSG and SmallSpark, with participation from Mirana Ventures and SafePal. This fundraising brings the total raised by SoSoValue closer to $20 million. The round closed at a valuation of $200 million, reflecting the potential of the SSI and the open-source index creation tool.
Jivvva Kwan, co-founder at SoSoValue, stated the company's goal to democratize investing through the launch of the open-source index creation tool. The tool will allow anyone to issue their own indices, further demonstrating SoSoValue's dedication to democratizing investing and empowering a broader range of individuals to create and issue their own indices.
The SSI was successfully launched as a beta test in late December 2024 on the Base chain, with four SSI tokens: MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI (Delta-neutral funding-rate earning). These wrapped tokens represent a basket of assets according to the SSI.
SoSoValue's platform uses artificial intelligence algorithms to gather data from multiple sources, ensuring that the index creation process is as accurate and efficient as possible. The SSI and the open-source index creation tool are set to revolutionize the investing landscape, making it more accessible and democratic for all.
For those seeking detailed, up-to-date specifics about SoSoValue's SSI, we recommend checking SoSoValue's official resources or recent announcements, as the current search results do not cover this topic extensively.
- The open-source index creation tool launched by SoSoValue, such as the SSI, will empower anyone to issue their own indices, aligning with SoSoValue's goal of democratizing investing through technology and Web3.
- With the SSI, users can analyze a wide range of financial news, including cryptocurrency market insights, Dexes, ETFs, Web3 startup news, and more, facilitating informed investing decisions.
- The successful launch of SoSoValue's SSI and the open-source index creation tool has generated significant interest among investors, as demonstrated by over 10,000 unique wallet addresses holding SSI tokens within two weeks of launch, indicating a growing demand for transparent and accessible investing solutions.
