Covalent And Cronos Partners To Ease Data Access

Covalent announced that it has integrated with Cronos Blockchain, a relief for developers looking to keep pace with the innovations in Web3. The integration will enable developers and data analysts, among many others, to access the on-chain data.

Covalent and Cronos Blockchain will jointly attempt to bring transparency of on-chain data to crypto investors, wallets, and others. The goal is to simplify the workflow for all the participants. They will together work to make the Web3 experience much better while allowing projects and developers to access the information that they need to power the applications that are decentralized in nature.

Ganesh Swami, the Chief Executive Officer & Co-Founder of Covalent, explained the basic working of the integration. Ganesh Swami stated that the unified API of Covalent would query all the relevant information to provide an additional layer of simplicity.

The Unified API product of Covalent is a code-free solution for developers, added Ganesh Swami.

Experience would be a huge plus; however, it would not be a hurdle for those looking to build their projects with little to no experience in coding.

Ken Timsit, the Managing Director of Cronos Chain & Cronos Labs, highlighted a need for a unified solution in its most simplified form to make the adoption of Web3 a huge success.

Ken Timsit added that Cronos recognizes the continued growth within the Web3 ecosystem and how well it relies on the market innovators’ lead. Covalent’s Unified API would help Cronos to meet the rising expectations of developers where they seek to provide a better user experience along with utility and functionality.

Covalent’s Unified API will also help increase the efficiency and time to market. The workflow would be extremely simplified, saving developers time to recognize their work almost instantly.

Cronos is a Layer-1 blockchain network compatible with EVM, the first of its kind. It has been built on the Cosmos SDK and is backed by Crypto.org, Crypto.com, and other 300+ developers of applications.

Cronos is working to offer the developers an ecosystem where they can create their GameFi and DeFi applications. The target has been set to get more than 50 million users on board.

A recent achievement of the team came when Cronos Labs launched an accelerator program worth $100 million to assist developers in building new projects and shaping the future of Web3.

Covalent is the supplier of Unified API services to increase the visibility of billions of Web3 data points. More than 27,000 developers rely on Covalent as it powers 1,000+ applications.

Data points that the Unified API of Covalent can access are:-

  • ERC20 token transfers of an address;
  • Token balances for an address; and,
  • Decentralized exchange transactions of an address, among many others.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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