bitsCrunch and CoinTelegraph join hands to make NFT data more accessible

bitsCrunch and CoinTelegraph

bitsCrunch, a premier NFT analytics and forensics platform, and CoinTelegraph, a leading independent web3 media outlet, have announced today a global alliance to extend innovative NFT analytical solutions to the wider web3 community. As part of the partnership, CoinTelegraph will be the official global media partner of bitsCrunch.

According to the terms of the deal, CoinTelegraph will utilize bitsCrunch’s artificial intelligence and cross-chain forensics tools for its upcoming historical NFT collection, a series of non-fungible tokens that feature the media outlet’s notable articles. bitsCrunch’s tools will be used to educate and provide transparency for its readers and pro subscription members.

Wes Kaplan, CEO of Cointelegraph, says, “We are delighted to add bitsCrunch to our network of strategic partners and provide its industry-leading insights and analytics of NFT markets to our worldwide audience. We firmly believe that bitsCrunch services, allied with our media ecosystem products, will bring more awareness and confidence to the larger NFT industry.”

Apart from product integration, the alliance will also feature various educational and promotional campaigns to enhance cross-community engagement and spread awareness on NFT and digital assets security. The partnership will also extensively utilize bitsCrunch’s newly launched product ‘Unleash NFTs,’ an AI-based NFT analytics dashboard that provides in-depth analysis, research, and statistics into the NFT ecosystem.

“We are changing the status quo in how people look at valuations and trust in the NFT market,’’ says Kevin Conabree, Global Head of Growth at bitsCrunch. “As we build these tools to mitigate fraud and increase transparency, we feel Cointelegraph is the best platform to spread the message to the global NFT community, not by simply creating content about it but by actually helping them to apply these tools within their own community.’’

To learn more about the partnership, check out the CoinTelegraph announcement

About bitsCrunch

bitsCrunch aims to provide a consistent and reliable experience for digital asset and NFT markets. Using bitsCrunch data, decentralized application (DApp) developers, traders and collectors can build models to estimate the base value of NFTs, produce tailored market reports and competitor analysis, account for price manipulation, protect against forgery and better understand the latent opportunity in NFTs. The ultimate vision of bitsCrunch is to be the standard NFT-analytics engine for all global DApps.

About Cointelegraph

Cointelegraph is the leading independent digital-asset media ecosystem focused on digital assets, the future of money and emerging new technologies of the metaverse world, providing original content from all over the world. International editorial teams that are integrated with native Web3 communities publish unique insights in 11 different languages to a loyal audience with interests in disruptive technologies, digital assets and fintech applications. The digital news platform sits within the broader Cointelegraph ecosystem, which includes market analysis and research, Magazine news publication, educational content, social media, and also consulting services that help all industries educate and benefit from blockchain technology and Web3.

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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.