Powerloom, the advanced data layer that powers onchain applications, has announced a new milestone. With an exciting new 1 billion data point, Powerloom has acquired over 5,300 Snapshotter nodes. This marks a milestone for the platform since its inception in February this year.
The Snapshotter nodes regularly record event emissions and state changes and merge them into real-world datasets. The development significantly helps dApps deliver an unparalleled user experience while maintaining speed and precision.
Powerloom drives the adoption of DeFi, NFT and GameFi
The platform considers a resilient decentralized infrastructure to be of great importance for the mainstream adoption of DeFi, NFTs and GameFi. According to this, a strong decentralized infrastructure enables seamless coexistence of truth verification, capital flow and social interactions. Therefore, it has emphasized the need for practical, contextual data relays to meet user needs. With this in mind, Powerloom’s real-time datasets are intended to help drive dApps forward. It allows them to deliver an unparalleled consumer experience without sacrificing accuracy or speed.
In addition, Powerloom is preparing for the mainnet launch in January 2025. The current performance indicates the increasing interest among users and developers for verifiable, accurate, qualitative and real-time datasets. The platform allows user apps to work seamlessly without relying on third-party indexers or oracles. To do this, it uses the real-time synchronization of the compiled datasets at its disposal.
Enables easy access to transparent, accurate and real-time data
The company finalizes the latest data points through a transparent consensus mechanism and connects them to IPFS. Their CID serves as a distinctive identifier to ensure the accuracy of the data. The platform synced each dataset with the blocks in the chain to get real-time updates, tracking the exclusive status of the underlying blockchain. This eliminates the risk of executing smart contracts and apps based on outdated information. Furthermore, NFT platforms, GameFi apps, and DeFi protocols can easily obtain and use the respective data points.
Swaroop Hegde, Co-Founder, Powerloom, expressed his excitement over the momentous achievement of 1 billion latest data points. He claimed that reaching such a huge spot amid testnet reflects the overall combined power of the platform’s decentralized infrastructure. Additionally, the launch of $POWER (Powerloom’s utility token) will reportedly play a pivotal role in benefiting early adopters and ecosystem participants. As Powerloom nears its mainstream launch, it aims to provide users with a rewarding, transparent, and secure environment.
