A new era of interoperable data opportunity for everyone

admin11 hours ago

Frankfurt, Germany, November 20, 2024, Chainwire

KYVE is entering an era of expansion with the introduction of an enhanced web app filled with new features and collaborations to support users and unlock multi-network potential. From experienced developers to cryptocurrency newcomers, the platform aims to make it easier for users to participate, contribute, and benefit as part of KYVE’s mission to make blockchain data accessible to everyone.

The latest update is intended to make it easier for users at all levels to participate in the KYVE ecosystem, promoting cross-network collaboration and data support across various blockchain platforms.

What’s new

KYVE Network Staking and Participation: The KYVE web app now includes an in-app guide designed to facilitate $KYVE staking. Participants can receive rewards in $KYVE as well as other tokens integrated into the KYVE protocol. This feature supports a variety of opportunities for stakers and validators, contributing to broader participation in the KYVE ecosystem.
What supports this? KYVE’s multi-coin funding capabilities and public goods funding program have already partnered with SOURCE Protocol, Andromeda, dYdX Grants, Lava Network, and other upcoming partners.

“We are proud to support the KYVE Network, which permanently archives all historical dYdX data and further simplifies data accessibility for ecosystem participants!” – dYdX subsidy for X

Testing using mainnet faucets: KYVE’s newly introduced faucet allows users to test the platform’s features in a low-commitment environment. Whether exploring staking or running validators, these faucets are designed to make it easier for new users to experiment and become familiar with them before fully committing.

One-stop access with Kado and Skip: Integrated directly into the KYVE web app, Kado and Skip simplify the $KYVE exchange or purchase process, remove barriers to entry, and make it easier for users to participate in the KYVE network.

What this means for users

With these new features, KYVE opens up a wide range of opportunities for users to earn rewards across multiple networks while powering the future of blockchain data scalability. The updated web app is designed to accommodate both experienced blockchain developers and new users, and KYVE’s new web app enhancements are designed to deliver value to participants while contributing to the platform’s mission to preserve historical chain data.

As KYVE expands its solutions to more ecosystems, it focuses on providing streamlined access and enabling users to take an active role in supporting blockchain scalability and data retention. KYVE is committed to ensuring that all blockchains have the data support they need to thrive and that users of all types can participate in this mission.

Introduction to Kive

KYVE Network is a decentralized data management solution that provides specialized tools for data storage, verification, and access to blockchain data. KYVE’s protocol ensures that only accurate historical data on the blockchain is immutable and easily accessible to everyone.

As a result, KYVE allows other chains to decentralize historical data and overall data accessibility management and provides essential tools to access this data, improving chain scalability and ecosystem development.

KYVE is one of the most supported blockchains in the space, with support from Arweave, Ava Labs, Solana Foundation, Interchain Foundation, Moonbeam, TheGraph, Parity Technologies, Composable Finance, Zilliqa, Mina Foundation, Aurora, and NEAR Foundation. VCs such as Hypersphere Ventures, Coinbase Ventures, Distributed Global, Mechanism Capital, CMS Holdings, IOSG Ventures, etc. are also included.