Blockchain
Web3 Data Storage And Network Participation Is Growing, Making Blockchain Data Harder To Access
As Web3 continues to grow with numerous blockchains and decentralized applications (dApps), accessing on-chain data has become increasingly challenging. Originally, blockchains like Bitcoin were designed to store data in a decentralized and sequential manner, but this has proven difficult to manage in today’s multichain ecosystem. With hundreds of different chains, including Layer-2 networks, retrieving and searching blockchain data—especially across multiple networks—has become more complex.
To address this, blockchain data indexes such as The Graph and SQD have emerged. These protocols index blockchain data, organize it more efficiently, and allow for rapid querying through APIs. Indexers act as intermediaries, making it easier for developers to access and retrieve data quickly and accurately. They organize blockchain data similar to how an SQL database works, storing key details like transaction IDs and block numbers in a more logical format.
For modern dApps, which need access to on-chain data for DeFi, NFT platforms, or SocialFi applications, these indexers are crucial. By using decentralized protocols like The Graph and SQD, developers can handle large amounts of data across multiple blockchains, ensuring smoother user experiences and enhanced functionalities.
The future of Web3, with its emphasis on decentralization, will heavily rely on the efficiency of these data indexers to overcome challenges posed by the vast amounts of data on multiple chains.
Source: news.investingcube.com
The post Web3 Data Storage And Network Participation Is Growing, Making Blockchain Data Harder To Access appeared first on HIPTHER Alerts.
Blockchain
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Blockchain
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2024-DNA Fund, the Financial Institution of the future in high-ticket emerging tech and web3 investments, has announced its acquisition of Coral Capital Holdings LLC, an established investment management firm that has previously managed millions in the DNA founders’ personal funds.
As early-stage investors in established Web3 brands and founders of some of the sector’s most notable projects, DNA and its founders have invested in or founded projects such as Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph. The acquisition will see the DNA Fund manage an additional AUM of over $50 million, which includes Coral’s high-yielde hedge funds and venture funds focused on DeFi, Al, blockchain, and other emerging technology sectors. Some of Coral’s top-performing investments include Near Protocol and Atmos Labs.
Thomas L. McLaughlin, Coral’s Chief Investment Officer, will continue in his role, managing the funds with a unique focus and strategy aimed at maximizing investor returns.
Regarding the acquisition, Christopher Miglino, CEO of DNA Fund, said. “By bringing Coral Capital under our umbrella, we are not only expanding our investment capabilities but also enhancing our ability to offer unique, high-growth opportunities to our clients. Our combined expertise allows us to navigate the complexities of the digital asset landscape and continue delivering value to our investors.”
Thomas L. McLaughlin, CIO of Coral Capital Holdings, added, “Joining forces with DNA Fund is an exciting new chapter for Coral. Our shared vision for leveraging technology to drive financial growth is perfectly aligned. Together, we are set to redefine what’s possible in digital asset investments and deliver superior results for our investors.”
Since its inception in 2021, Coral has delivered consistent returns with innovative strategies, delivering high multiples on the benchmark of the overall market cap of digital assets. Coral’s Flagship fund, initially started as a market-neutral vehicle, was rebranded in 2023 as a discretionary liquid token, surviving a number of high-volatility events, including FTX and Terra.
With a 61.6% return (net of fees) and a maximum annual drawdown of only 11.6% in FY 2022. these funds have outperformed the broader digital asset market. Over a similar period, Bitcoin returned 36.7%.
Through this acquisition, DNA Fund also aims to capitalize on the growing interest from institutional investors and expand into several new verticals over the coming year, including a Bitcoin & Ether Yield Fund, as well as more speculative funds focused on Al, memecoins and microcaps.
The post DNA Fund Acquires Coral Capital; Adds $50M AUM in Web3 & Emerging Tech appeared first on HIPTHER Alerts.
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