Bubblemaps is set to launch its own crypto token, BMT, to support a new community-driven platform called the Intel Desk.
Bubblemaps is set to launch its own crypto token, BMT, to support a new community-driven platform called the Intel Desk.
The company announced the news on Tuesday, intending to foster a collaborative environment for crypto investigations.
Founded in 2021 by Nicolas Vaiman, Bubblemaps focuses on transforming blockchain data into interactive visual experiences. In 2023, the company secured $3.2 million in a seed funding round to enhance innovation in blockchain data analysis.
The BMT token will have a maximum supply of 1 billion units and will be launched on the Solana blockchain. This initiative aims to incentivize users to engage in the platform by participating in activities such as voting on priority investigations and managing resource allocation for investigative efforts.
Bubblemaps’ approach to launching a token is seen as a distinctive strategy within the blockchain analytics sector. Competitors like Chainalysis have successfully operated without utilizing tokens, opting instead for traditional business models.
Chainalysis was valued at $8.6 billion in 2022 and is viewed as a potential candidate for an initial public offering (IPO) in 2025.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
