CoinMarketCap Strategically Partners With Band Protocol to Provide and Commercialize Enterprise-Grade Price Data
CoinMarketCap, the world’s most-referenced price-tracking website for cryptoassets, has partnered with Band Protocol and integrated their enterprise-grade crypto data into the Band Standard Dataset — the largest and most frequently updated price oracle feed curated on a fully decentralized network of 72 reputable and trusted validators. The partnership extends deeply into both teams working in collaboration on the launch of BandChain Phase 2 where institutional data providers, such as CoinMarketCap, will have an avenue to commercialize their data and automatically collect revenue on-chain.
CoinMarketCap, founded by Brandon Chez in May 2013, has rapidly grown to become one of the most trusted sources for price and metric tracking of cryptoassets by users, institutions, and media. They are commonly cited by CNBC, Bloomberg and other major news outlets as well as supporting the U.S government with research and reports.
“CoinMarketCap are thrilled to join hands with Band Protocol, a decentralized and cross-chain decentralized oracle, to integrate our enterprise-grade price data for the growing cohort of DeFi applications to readily use. We look forward to working with their team in the ramp-up to the BandChain Phase 2 to release premium CoinMarketCap oracle script for developers to access while automatically collecting revenue on-chain for our team.”
Batuhan Dasgin, Head of Business Development at CoinMarketCap
Working with Band Protocol to bring highly reliable price data on-chain for developers to build secure decentralized applications, CoinMarketCap is forwarding their mission to provide high-quality, unbiased, and accurate information to enable anyone and any smart contract to draw their own informed conclusion.
“CoinMarketCap marks another established enterprise working with Band Protocol to create a commercial solution for institutional data providers that can be seamlessly integrated to secure smart contracts on any blockchain platform. CoinMarketCap API has already been integrated into the Band Standard Dataset which has over 1,100,000 cumulative data requests.”
Soravis Srinawakoon, CEO & Co-Founder of Band Protocol
The Band Standard Dataset continues to accelerate in integration by decentralized finance developers who are working with Band Protocol to thoroughly test their solution before releasing it into production.
Join over 20+ rapidly innovating and growing projects currently integrating highly scalable, cross-chain decentralized price oracles provided on the Band Standard Dataset. Reach out to our team today to explore more on how to integrate highly secure and decentralized oracles into your #DeFi DApp!
About CoinMarketCap
CoinMarketCap is the world’s most-referenced price-tracking website for cryptoassets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.
For more information, please visit: https://coinmarketcap.com/
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. 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.
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