Covalent Partners with ChainGuardians to Scale its NFT Proof-of-Stake Mining Platform | Covalent

Covalent Partners with ChainGuardians to Scale its NFT Proof-of-Stake Mining Platform

Feb 25, 2021

VANCOUVER, February 25th, 2021 - Covalent is delighted to announce a technical partnership with ChainGuardians, a player-driven platform that combines traditional gaming concepts with blockchain technologies. Within the ChainGuardians ecosystem, players can participate in ChainGuardians free-to-play NFT mining platform and role-playing game; both of which allow players to earn income, turning their time and energy into tangible rewards.

With the popularity of NFTs continuing to grow, so too has Covalent’s NFT querying capabilities. Using the Covalent API, ChainGuardians will now be capable of displaying NFT statistics such as the price appreciation or depreciation of a guardian for instance along with the number of times an NFT has changed hands, and wallets it has passed through. However, the technicalities of this partnership go beyond just analytics.

A novel feature of ChainGuardians is its NFT proof-of-stake mining platform where a user can put their NFT to work to yield income. Covalent data will be used in this process as a means of asset recognition given that the database is more thorough and expeditious than other APIs, allowing for a more seamless user experience for miners. Furthermore, the Covalent API will be used to pull new collections as they are added. A fast refresh rate is important here given that ChainGuardians needs to dynamically compute the hashrate. While ChainGuardians has previously run their own node to do so , this approach does not scale across multiple chains. Covalent, however, does scale across multiple chains drastically reducing load for ChainGuardians.

Quote from Ganesh, Covalent’s CEO

We have been monitoring the NFT gaming sector at Covalent and are very excited to see it grow and mature over the coming years. ChainGuardians is a tremendous platform with a very talented and experienced team behind it. This is an exciting partnership that will propel and mature the platform through improved data functionalities. We are delighted to be part of the ChainGuardians ecosystem.

Quote from Idon Liu, ChainGuardians Co-Founder

Covalent HQ is in a fantastic position to empower the future of blockchain gaming, whilst utilizing a decentralized infrastructure. We're particularly excited about the opportunities the Covalent data infrastructure will afford to our NFT Mining platform to enable players to have a more user-friendly experience. The Covalent team is passionate and we felt an instant synergy with their ambition which made our decision to partner with them very easy.

About ChainGuardians

ChainGuardians is a blockchain meets superheroes gaming ecosystem which combines traditional gaming concepts with blockchain technologies. As well as boasting the world’s first NFT Mining Platform and interoperable RPG, ChainGuardians also merges awe-inspiring artwork with imaginative storytelling. ChainGuardians amalgamates the juxtaposing concepts of play-to-earn and free-to-play through a balanced in-game ecosystem; enabling users the opportunity to make key decisions through governance.

Twitter: @Chain_Guardians

Telegram: ChainGuardians

Discord: https://discord.com/invite/AuyeNtM

About Covalent

Covalent leverages big-data technologies to create meaning from hundreds of billions of data points, delivering actionable insights to investors and allowing developers to allocate resources to higher-utility goals within their organization. Instead of pain-stakingly sourcing data from a small handful of chains, Covalent aggregates information from across dozens of sources including nodes, chains and data feeds. The Covalent API then sources end users with individualized data by wallet, including current and historical investment performance across all types of digital assets. Most importantly, Covalent returns this data in a rapid and consistent manner, incorporating all relevant data within one API interface.

Twitter: @Covalent_HQ

Telegram: https://t.me/CovalentHQ

Discord: https://bit.ly/Covalenthq_discord

Niall Yorke

Product, Covalent

Join our newsletter

Subscribe to get news about our upcoming products and company milestones.