Brave New Coin partners with Algoracle to provide comprehensive financial data to the Algorand project

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Brave New Coin’s new partnership with Algoracle opens the door to future growth for dApps on the Algorand blockchain.

Auckland, New Zealand, January 31, 2022 (GLOBE NEWSWIRE) — (via blockchain thread) algorithm and Brave new piece today announced a collaboration between the two companies, bringing Brave New Coin data, analytics and research to the Algorand ecosystem.

Founded in 2014, but monitoring cryptocurrency prices since 2010, Brave New Coin is a leading provider of standard and non-standard institutional grade data solutions. As part of a mission to provide greater market transparency and price discovery, Brave New Coin has established a uniform classification system (taxonomy) for crypto assets and cemented its position as a thought leader. in the Blockchain industry.

Algoracle is the first decentralized oracle network on the Algorand blockchain. Currently in Testnet, Algoracle is preparing for the launch of Mainnet in April and will become a must-have utility for the Algorand community.

“We are very proud to bring Brave New Coin to the Algorand ecosystem, we believe that their track record of providing strong data to the global financial market will be a tremendous asset to the Algoracle project and every project in the ecosystem. who wants to build or use accurate data,” said Algoracle CEO Abdul Osman.

This partnership opens the door to a new growth opportunity for all parties involved, including dApps and developers who want to take advantage of Blockchain’s security, speed, scalability and low transaction fees. Algorand.

“We were one of the first market data providers and price aggregators for crypto assets, and we built the first Bitcoin index, the BLX, which is widely used by traders and analysts as a reliable benchmark. for price discovery,” Fran Strajnar, CEO of Brave New Coin added. “We are always happy to support key infrastructures such as the Algorand ecosystem and projects like Algoracle that bring market initiatives in Blockchain and digital assets, including industry standards, interoperability, derivatives , structured products, DeFi and oracles.”

Brave New Coin is a trusted data provider for Chainlink, Band Protocol, Amazon Alexa, Nasdaq, Refinitiv, RIMES, and QuantHouse, to name a few. This same high-quality data is now available for dApps on the Algorand Blockchain through Algoracle. Using Algoracle, Brave New Coin will provide market volume weighted benchmark rates for over 6500 market pairs to the Algorand ecosystem.

ABOUT BRAVE NEW COIN

Brave new piece (https://bravenewcoin.com/) (BNC) is a data and research company focused on the blockchain and crypto asset industry. Founded in 2014, BNC provides data, analysis and research to a global network of market participants. Brave New Coin provides both global and proprietary spot prices, index solutions, research and news, through partners such as Amazon Alexa, Dow Jones Factiva, NASDAQ, Refinitv, RapidAPI and dozens of others. The company’s experience and expertise make us the leading provider of institutional-grade, highly compliant standard and non-standard data solutions. BNC Pro harnesses all of our experience and data in a user-friendly dashboard solution.

ABOUT ALGORACL

Pleasant (https://www.algoracle.ai/) Developed in the fall of 2021 and a first place winner in Encode’s Algorand Hackathon, Algoracle is the first dynamic and decentralized oracle network built on the Algorand Blockchain. Algoracle’s goal is to provide simple oracle solutions that help Algorand-based dApps access off-chain data securely, accurately, and quickly. There are a number of exciting applications that can be built on the blockchain, and a healthy network of oracles that is just as decentralized and transparent as the blockchain it is built on. Algoracle believes in security by reducing complexity.

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CONTACT: Transform Group International bnc (at) transformgroup.com
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