Nxyz

Nxyz developed a blockchain data platform, offering fast, flexible, and real-time data APIs designed for the burgeoning Web3 ecosystem. The platform indexed blockchain information, providing developers with essential infrastructure to build decentralized applications across various sectors including DeFi, NFTs, and DAOs. This technology allowed builders to access complex on-chain data more efficiently, simplifying the development process for innovative internet experiences.

The company was co-founded in 2022 by Sridhar Ramaswamy, Joshua Davis, Todd Wang, and Rajaram. Ramaswamy, a former Google advertising executive, brought significant experience in large-scale data systems. Their shared insight was the critical need for robust, performant data infrastructure to empower a new generation of creators and entrepreneurs to build a more accessible and functional decentralized internet.

Nxyz served the broad community of Web3 developers, providing them with the foundational data access necessary to bring their projects to fruition. The company's vision centered on accelerating the development and adoption of a better, decentralized internet for all. This journey culminated in its acquisition by Snowflake in July 2023, integrating its advanced blockchain data capabilities into a broader enterprise data cloud.

High-Level Overview

nxyz is a web3 infrastructure company that indexes blockchain data and delivers performant, real-time, flexible APIs for developers building decentralized applications (dApps). Its product suite enables web3 developers to access and query data from major blockchains—including Ethereum, Bitcoin, Solana, Polygon, Binance, Avalanche, Arbitrum, Optimism, Gnosis, Moonbeam, and Celo—with low latency and high reliability. nxyz solves the critical challenge of slow, fragmented, and unreliable blockchain data access, empowering builders to focus on innovation rather than infrastructure. The company has rapidly gained traction, processing over 5 billion transactions and serving notable clients like BitGo, Fractal, Citrus, and Crossmint. Backed by top-tier investors and recently acquired by Snowflake, nxyz is positioned as a foundational layer for the next generation of web3 applications.

Origin Story

Founded in 2022 in Mountain View, California, nxyz was spun out of Neeva, a privacy-first search engine led by Sridhar Ramaswamy, who also became nxyz’s CEO. The founding team includes distributed systems engineers and product leaders from Google and Neeva, bringing deep expertise in large-scale data infrastructure and search. The idea emerged from the recognition that web3 developers faced significant bottlenecks in accessing and querying blockchain data, limiting the speed and scalability of dApps. nxyz was built to address this gap by ingesting blockchain data directly and providing a fast, flexible API suite. Early traction was strong, with the company processing billions of transactions and securing a $40 million Series A led by Paradigm, with participation from Sequoia Capital, Coinbase Ventures, Greylock Partners, and 20VC.

Core Differentiators

• Real-Time, Multi-Chain Indexing: nxyz supports real-time data indexing across all major blockchains, enabling developers to access up-to-date information with sub-200ms latency.
• Developer-Centric API Suite: The platform offers flexible, easy-to-use APIs that allow developers to query blockchain data without managing complex infrastructure.
• Scalability and Reliability: Built by engineers with Google-scale experience, nxyz’s infrastructure is designed for high throughput and reliability, critical for wallets, NFT projects, and other high-volume dApps.
• Broad Chain Support: nxyz indexes data from Ethereum, Bitcoin, Solana, Polygon, Binance, Avalanche, Arbitrum, Optimism, Gnosis, Moonbeam, and Celo, making it one of the most comprehensive indexing solutions.
• Strong Backing and Ecosystem: Backed by leading investors and recently acquired by Snowflake, nxyz benefits from both financial strength and integration opportunities with a major data cloud platform.

Role in the Broader Tech Landscape

nxyz is riding the wave of web3 adoption, where decentralized applications are increasingly demanding robust, real-time data infrastructure. The timing is critical as the blockchain ecosystem expands beyond DeFi and NFTs into gaming, social, and enterprise use cases. Market forces—such as the need for interoperability, scalability, and developer-friendly tools—are working in nxyz’s favor. By providing a foundational layer for blockchain data access, nxyz is helping to accelerate the development of the decentralized internet, influencing how developers build, deploy, and scale dApps. Its acquisition by Snowflake signals the growing convergence between traditional data infrastructure and web3, positioning nxyz as a key player in the future of data-driven applications.

Quick Take & Future Outlook

nxyz is poised to become a cornerstone of the web3 infrastructure stack, with its acquisition by Snowflake opening new avenues for integration and innovation. The company’s focus on real-time, multi-chain indexing will continue to be a critical enabler for the next wave of decentralized applications. As web3 adoption grows and the demand for scalable, reliable data infrastructure intensifies, nxyz’s influence is likely to expand, shaping how developers interact with blockchain data. The future may see nxyz evolving into a fully decentralized peer-to-peer search protocol, further democratizing access to blockchain information. In a world where data is the new oil, nxyz is ensuring that web3 developers have the tools they need to build a better internet.