- Brave New Coin has announced its strategic partnership with Band Protocol
- Through the partnership, network users can access institutional-grade spot prices of almost 1500+ digital assets on BandChain.
Brave New Coin, an enterprise data analytics and research company of Techemy Ltd, has partnered with Band Protocol. This partnership hopes to bring together institutional-grade spot prices to 1500+ crypto assets on BandChain.
Progressively, this will enable full developers to access any layer-1 or layer-2 blockchain section to integrate the premium and credentialed spot price feeds. As a blockchain company, Techemy Ltd pioneers crypto synergies and privacy-oriented DLT services within the digital assets space.
Moreover, in the coming days, BNC is teaming up toward the launch of BandChain Phase 2. As a result, credential data providers can choose to gather on-chain revenue automatically per-call or subscription from clients.
Band Protocol CEO and Co-Founder Soravis Srinawakoon said,
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.
Regarding the partnership, BNC’s Global Weighted Average (GWA) spot price will go live on Band Protocol’s upcoming Standard Dataset.
Additionally, the GWA will provide a real-time digital assets trading price via the top crypto exchanges. Finally, developers within the decentralized finance (DeFi) space will create a trustless blockchain app using a reliable, independent, and third-party price discovery oracle.