According to The Block, Coherent, a blockchain data startup founded by former Coinbase senior software engineer Carl Cortright, announced the completion of a $4.5 million seed round of financing, led by Kindred Ventures, Matchstick Ventures and Foundry Group. Participating parties include Coinbase Ventures, Alchemy and Chapter One. Carl Cortright said that an API is currently being developed that will allow developers to use its data to build applications. In the future, Coherent will focus on three types of data, including transaction history on the chain, NFT data, and vouchers. Coherent's product is currently in beta and is expected to launch in September.