World-renowned data analytics firm Brave New Coin (BNC) has announced a strategic partnership with cross-chain data oracle platform Band Protocol.
The partnership is aimed at bringing institutional-grade price data to BandChain. Interestingly, BandChain boasts of approximately 1,500 crypto assets on its platform. This means that both Brave New Coin (BNC) and Band Protocol will help meet the price data needs of these digital assets. The partnership will, furthermore, provide layer 1 and layer 2 blockchains with access to top-notch, secure, and reliable price feeds. Notably, Techemy Limited is the parent company of Brave New Coin (BNC).
Techemy is well known for its strategic and well established distributed ledger tech (DLT) ecosystem. The company is also known for facilitating the growth of blockchain platforms through every step of their development.
Partnership Vital for Launch of BandChain Phase 2
For Band Protocol, this partnership is a step in the right direction to the successful launch of BandChain Phase 2.
Speaking on the partnership, the CEO of Brave New Coin (BNC), Fran Strajnar, disclosed that his team was pleased by the partnership. He further added that both platforms are setting the pace for the introduction of scalability and decentralization to non-custodial smart contracts.
The co-founder of Band Protocol, Soravis Srinawakoon, also disclosed that the oracle platform was proud to work with BNC. He also stressed the fact that the partnership is crucial to the success of its BandChain Phase 2 launch.
Band Protocol furthermore confirmed the partnership on Twitter.
1/ 🚀 @BraveNewCoin, the leading data and research company backed by @TechemyGroup, has strategically partnered with Band Protocol to bring private institutional-grade price data for up to 1500+ digital assets onto the $BAND decentralized oracle network.https://t.co/JFXt5qVCBa
— Band Protocol (@BandProtocol) November 23, 2020
BNC and DeFi
Brave New Coin was one of the first platforms to support the decentralized finance (DeFi) sphere. The blockchain firm first launched its price data oracle in 2016. Additional exciting updates and strategic partnerships have also taken place over the years.
Following the partnership, the blockchain platform’s GWA (Global Weighted Average Spot Price) will be incorporated into Band Protocol. BNC’s GWA provides accurate pricing for digital assets on crypto exchanges
About Brave New Coin (BNC) and Band Protocol
Launched in 2014, Brave New Coin is a well-known data research company with a primary focus on blockchain and cryptographic assets. The platform provides spot-prices, research, and index solutions through several partners. Some of BNC’s partners include Refinitv, Amazon Alexa, NASDAQ, RapidAPI, Dow Jones Factiva, and NASDAQ.
Band Protocol, on the other hand, is a popular cross-chain data oracle platform. It is also known for linking real-life data to smart contracts. The platform also boasts of several strategic partnerships with top platforms like LunaDex, Coin98 wallet, Swingby, and Komodo.
At the time of writing, BAND tokens were trading at $6.79, with a market cap of $153,141,127 and a 24-hour trading volume of $110,236,913.
Find out more about Band Protocol on the Altcoin Buzz YouTube channel.