Figment is a company offering staking, middleware, and application layer solutions to Web3 investors and developers.The company provides a set of tools and services, including the node and staking infrastructure, the Hubble Web3 explorer, and DataHub developer APIs.
Figment provides infrastructure access to proof-of-stake blockchains operating by the transaction validation referred to as staking. Users are required to lock up cryptocurrency tokens when they stake them as proof of their stake in the blockchain's security. Users get token rewards when blocks are included to the chain.
DataHub is a platform by Figment. It allows developers to launch their own DApps for PoS blockchains. It offers an application programming interface that developers can use to build for dapps, analytics, crypto wallets, including exchanges, custody needs as well as design block explorers. Figment launched an investment arm called Figment Capital, and its focus will be on investing in the crypto industry.
Clayton Menzel, head of protocols and opportunities at Figment, said in an interview:
"The majority of our staking revenue comes from our institutional clients, with some earning from retail delegators as well since a lot of our validators are public. We do stake tokens that are on our balance sheet, but it is nowhere near the majority of our revenue."
Funding Rounds Participated In
Figment Announces $50 Million in Series B Funding - Figment
Figment Prime Dashboard Guide
May 27, 2021
Figment: Making crypto infrastructure run smoothly
July 9, 2021