Brave New Coin Strategically Partners With Band Protocol to Bring Institutional-Grade Price Data to BandChain
Brave New Coin (BNC), the leading data analytics and research company backed by Techemy Ltd has partnered with Band Protocol to bring institutional-grade weighted average spot prices for up to 1500+ digital assets onto the BandChain decentralized oracle network. This will empower developers on any layer-1 or layer-2 blockchain to access and readily integrate these premium and credentialed spot price feeds.
Techemy Ltd is the holding company for an industry wide blockchain and DLT enterprise eco-system. By investing in, owning, and developing companies at every stage of the blockchain value chain, we produce synergies that would otherwise not be possible. BNC provides data, analysis and research to a global network of market participants. Their experience and expertise make BNC the leading provider of standard and nonstandard institutional grade, highly compliant, data solutions. Partnering up with enterprise data providers such as BNC is the major step forward towards the launch of BandChain Phase 2 — where premium and credential data providers will be able to automatically collect revenue on-chain on a per-call or subscription basis from integrators.
“Brave New Coin is an early adopter and supporter of DeFi protocols, having launched the first crypto pricing data oracles for smart contracts in 2016. More recently, Brave New Coin has launched a tradable DeFi Index (of which the BAND token is a constituent). Together with Techemy Group, Brave New Coin and Band Protocol are leading the way in bringing scalable, decentralized and non-custodial products and solutions for trading, investment and analysis for smart contract developers to seamlessly utilize.”
Fran Strajnar, CEO of Brave New Coin
BNC’s Global Weighted Average Spot Price (GWA), which will be integrated into Band Protocol’s upcoming Standard Dataset for all blockchain platforms, works by providing a fair price for any tracked digital asset from near real-time trading across a global network of top crypto exchanges. With intraday, end of day price and volume inputs updated at a 30-second tick interval, developers in decentralized finance will be well equipped to build trustless applications using an independent, reliable, third-party price discovery oracle.
“Working with established and reputable enterprises such as Brave New Coin will be pivotal to Band Protocol’s success as we collaborate to provide a commercial solution that protects intellectual property and data privacy while enabling the smart contract world to interact with external data sources,” said Soravis Srinawakoon, CEO & Co-Founder of Band Protocol.
Band Protocol is proud to work alongside Brave New Coin who will collaborate to build a reliable commercial model for enterprise data providers to monetize their intellectual property and data in the lead up to the next iteration of BandChain Phase 2.
Stay tuned as we begin showcasing more enterprise and reputable data providers partnering with Band Protocol to commercialize their APIs for developers to integrate with!
About Brave New Coin
Brave New Coin (https://bravenewcoin.com/) (BNC) is a data and research company focused on the blockchain and cryptographic assets industry. Founded in 2014, BNC provides data, analysis and research to a global network of market participants. Brave New Coin supplies spot-pricing, index solutions, research and news both aggregate and proprietary, via partners such as Amazon Alexa, Dow Jones Factiva, NASDAQ, Refinitv, RapidAPI and dozens more. The company’s experience and expertise make it the leading provider of standard and non-standard institutional grade, highly compliant, data solutions. BNC Pro leverages its experience and data into a user-friendly dashboard solution.
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.