Powerloom, a cutting-edge data layer facilitating onchain applications, has reached a new milestone with 1 billion new data points and over 5300 Snapshotter nodes. This achievement marks a significant moment for the platform, which was launched in February of this year. The Snapshotter nodes record event emissions and state changes, creating real-world datasets that help dApps deliver a unique user experience with speed and precision.
The platform sees a resilient decentralized infrastructure as crucial for the mainstream adoption of DeFi, NFTs, and GameFi. By providing real-time datasets, Powerloom aims to advance dApps and ensure unparalleled consumer experiences without sacrificing accuracy or speed. With plans for a mainnet launch in January 2025, the platform is seeing a growing interest among users and developers for verifiable, accurate, and real-time data that allows apps to operate seamlessly without relying on external indexers or oracles.
Powerloom ensures straightforward access to transparent, precise, and real-time data by finalizing data points through a transparent consensus mechanism and committing them to IPFS with a unique CID for data correctness. By synchronizing datasets to onchain blocks for real-time updates, the platform eliminates the risk of executing smart contracts and apps based on outdated information. NFT platforms, GameFi apps, and DeFi protocols can easily access and utilize the data points provided by Powerloom.
Swaroop Hegde, the co-founder of Powerloom, expressed excitement about the achievement of 1 billion latest data points, highlighting the platform’s decentralized infrastructure’s combined power. The upcoming launch of $POWER, the platform’s utility token, is expected to benefit early adopters and ecosystem participants. As Powerloom approaches its mainstream launch, the platform aims to offer a rewarding, transparent, and secure environment for its users.
In conclusion, Powerloom’s milestone achievement of 1 billion new data points and over 5300 Snapshotter nodes highlights the platform’s commitment to providing real-time, accurate, and transparent data for onchain applications. With plans for a mainnet launch in 2025, the platform is poised to support the mainstream adoption of DeFi, NFTs, and GameFi by enabling seamless user experiences and decentralized infrastructure. As Powerloom continues to grow and evolve, it remains dedicated to offering a secure and rewarding environment for its users and ecosystem participants.
