The blockchain-based Web3 market, known for its decentralized management, advanced privacy, and user control, reached a value of $1.86 billion in 2019 and is projected to reach $15.9 billion by 2031.
Statistics show that around 73 million gamers prefer Web3-based games, with almost 50% of financial applications incorporating Web3 technology.
Despite its potential for growth, accessibility and usability remain challenges in the Web3 space. Users face difficulties interpreting raw blockchain data directly and often rely on various data tools, leading to fragmentation issues. Additionally, users may encounter different blockchain data when browsing different platforms.
To address these challenges, bitsCrunch has emerged as a community-driven AI-enhanced decentralized data analytics and forensics protocol. This platform offers comprehensive data in areas such as NFT, DeFi, and GameFi, providing users with precise statistics, valuations, and fraud detection tools.
bitsCrunch has introduced a delegation mechanism along with its native token BCUT to enhance user interaction. This mechanism allows users to delegate authority to expert participants without the need to run nodes themselves.
To delegate, users must ensure their BCUT assets are on the Polygon PoS chain before transferring them to the bitsCrunch network. The bridging process typically takes between 20 to 30 minutes, after which users can access the bitsCrunch network interface and delegate their BCUT tokens to a node operator.
Users can monitor their delegation status and rewards through the bitsCrunch interface. The platform has also introduced tools like historical price data API and the Unleash NFTs platform to cater to crypto enthusiasts and traders interested in Ethereum tokens.
With the addition of support for the Solana blockchain network, bitsCrunch aims to expand its ecosystem’s versatility and reach. Future innovations such as wallet profiling, tagging, and a CRM platform are in the pipeline to further optimize user experience and shape the future of Web3 and NFT ecosystems.
In conclusion, bitsCrunch is at the forefront of enhancing the NFT ecosystem’s versatility through innovative solutions tailored to meet the evolving needs of the digital asset market.