Cross-chain knowledge oracle blockchain, Band Protocol, introduced that Alphabet Inc (NASDAQ:GOOGL)’s Google can be integrating its decentralized oracle resolution on Google Cloud BigQuery.
What Occurred: “The mixing and use-case of $BAND allow dependable worth discovery mechanisms – essential to all capital markets,” acknowledged Band on Twitter.
The information was perceived as extraordinarily bullish for Band, because the protocol surged 18% within the half-hour of saying the information.
Over the previous 24-hours, BAND gained 37%, and the buying and selling quantity for the cryptocurrency was up by 229%.
On the time of writing, BAND was buying and selling at an all-time excessive of $22.07. Yr-to-date, the cryptocurrency has grown by over 300%.
Band’s pattern question will enable customers to realize entry to the newest and historic costs in USD of 100 foreign money pairs, together with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
Decentralized oracle options have supplied an vital piece of infrastructure throughout crypto markets, however to date, Chainlink has dominated the area being the “most popular oracle resolution” for a majority of DeFi protocols.
Band’s new partnership with Google was stated to be “large information” by a number of traders within the area.
“These are the bulletins that elementary evaluation doesn’t cowl,” stated one trader, including that betting on good initiatives with actual and quick improvement ultimately pays off.
Band was initially launched on the Ethereum blockchain as an ERC-20 mission however later migrated to the Cosmos community after the discharge of Band Protocol 2.0. The mission has obtained funding from main buyers like Sequoia Capital, Dunamu & Companions, Spartan Group, and Binance.
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