bitsCrunch is excited to announce that it has partnered with SINSO Technology, a Filecoin layer2 + infrastructure based on the Web3 ecosystem. Through this collaboration, the two companies will seek to amplify growth by benefiting from each others’ client network and partnerships.
Both bitsCrunch and SINSO believe in the potential of non-fungible tokens. Hence, the two firms are taking active steps to ensure there is significant growth in the industry by eliminating NFT-related security issues and enhancing user experience. In the future, the two companies may also collaborate by integrating their two products – Unleash NFTs’ APIs and the SINSO Getway – which will benefit all NFT-related dApps building on the Filecoin network.
SINSO Getway is a Distributed Cache Network system that provides a data collection standard API interface. The key focus of SINSO Getway is to simplify the process of data collection and make the collection process more efficient.
SINSO and bitsCrunch are two of the leading startups in the web3 ecosystem. Both companies are building their noteworthy products owing to their excellent communities and investors. Both the firms will aim to create the perfect synergy to further their growth and development in the web3 space.
bitsCrunch is a leading global data analytics firm specializing in multi-chain insights for NFTs and digital assets. Established in 2020, we are pioneering crypto data forensics to allow retail, institutional, and venture investors to make better financing decisions through risk management tools and an all-encompassing analytics platform.
SINSO is a Filecoin layer2 + infrastructure based on the Web 3.0 ecosystem. After the capacity of the Filecoin network is built, a series of middleware and various infrastructures needs to be developed for DAPP applications to do a full transition to web 3.0, which is not yet complete in the Filecoin ecosystem. SINSO enables application developers to quickly and efficiently build applications in the Filecoin ecosystem and collaborate with storage providers to advance the Filecoin plus initiative.
Frequently Asked Questions
NFTs are Non-Fungible Tokens, and in layman terms, representing digital art or collection, video clips of best moments in the sports and entertainment field, gaming skins and collectibles, stored in a distributed ledger powered by blockchain technology. These are unique items and are not interchangeable with another NFT.
Generally, things are valuable when they are scarce. There is only one Mona Lisa. There are only 59 Le Bron James dunking NBA Top Shots (one of which sold for $US387,000).
The primary difference between the two is that unlike cryptocurrency and digital currency, NFTs cannot be traded for each other as they are unique. representations of real-world assets. Cryptocurrencies and digital currencies can be traded for each other as there will be no loss to their value.
An NFT is a unique digital signature that you can attach to an asset. Whether that’s a song, or an image, or a piece of footage, a unique digital signature is like a fingerprint that contains information like who created the asset, when, and any conditions on its future sale (for example, whether or not the creator gets a percentage of when it is on-sold).
BCUT is the native digital utility token, it provides access to bitsCrunch services and the bitsCrunch network.
BCUT is the native digital utility token, it provides access to bitsCrunch services and the bitsCrunch network. It is designed to play a vital role in the functioning of the bitsCrunch ecosystem and is intended to be solely used as the primary utility token on the network.
We are a Cross-functional team with more than 25+ years of experience in Data Analytics & Artificial Intelligence and Blockchain. We already have all the NFT data since its inception. We blend our AI expertise with the Blockchain to bolster the NFT ecosystem.
We have built a model to identify the impersonation of artworks, thereby preventing the Provenance of the artist and the artwork. We are offering our services in a SaaS manner, wherein the customers can stake a certain amount of our native tokens to avail our services.
We haven't launched our BCUT Token yet, but we will send out a confirmation on the launch of the token on our official website and official Telegram channel.