BitMEX Co-Founder Arthur Hayes Joins Covalent as Strategic Advisor

• BitMEX Co-Founder and Maelstrom Chief Investment Officer, Arthur Hayes, becomes a strategic advisor for Covalent.
• Hayes will focus on positioning Covalent as the leading Ethereum-based data infrastructure for AI.

Blockchain data infrastructure layer, Covalent announced that Arthur Hayes, Co-Founder of BitMEX and Chief Investment Officer of Maelstrom, has taken on the role of strategic advisor. As per reports, Hayes aims to assist Covalent in becoming the top data infrastructure startup, focusing on the Ethereum ecosystem and serving the artificial intelligence (AI) industry.

“Covalent's Ethereum Wayback Machine (EWM) ensures persistent, long-term access to historical blockchain data, which will power the next generation of use cases — including for AI models in particular,” said Hayes.

Since 2019, Covalent has focused on creating a robust data infrastructure designed to improve data accessibility and support blockchain growth. As the first solution to offer long-term data availability (DA), it aims to guarantee that all blockchain data is consistently verifiable and accessible.

“From day one, Covalent has been committed to preserving Ethereum’s data history and maintaining its integrity,” said Ganesh Swami, CEO & Co-Founder of Covalent. “Now, with his extensive background, Arthur Hayes’ passions and radical vision are aligned with our relentlessness to grow and excel, positioning Covalent as the leading Ethereum-based data infrastructure for AI.”

Covalent offers data infrastructure for over 225 networks like Bitcoin, Ethereum, Polygon, Avalanche, and Optimism, with a strong focus on the Ethereum ecosystem. Recently, Covalent launched the Ethereum Wayback Machine, providing comprehensive access to the entire on-chain history, benefiting AI developers and users by ensuring all Ethereum ecosystem data is readily available.

Edited by Harshajit Sarmah