Cointelegraph Accelerator has announced the launching of a node operator for bitsCrunch, an AI-powered non-fungible token (NFT) analytics and forensics company. With this addition, Cointelegraph seeks to enhance the decentralization of network participants and democratize access to proof-of-stake (PoS) networks.
The Cointelegraph Accelerator node also allows other holders of bitsCrunch’s native token, BCUT, to delegate their stakes to its node and receive passive income on holding the project tokens, adding more utility to token holders.
The initiative builds a new layer on top of standard accelerator offerings — including access to media products and audiences, marketing consulting and extensive networking — placing Cointelegraph Accelerator in a unique position.
Cointelegraph Accelerator’s role as a node operator
A node operator in a network is responsible for maintaining the network’s integrity and security by running nodes, which are essential units within the network that perform tasks such as sending, receiving and transmitting information.
As a node operator for bitsCrunch, the Cointelegraph Accelerator enhances the network’s decentralization, which is vital for decentralized networks as it reduces the risk of a single point of failure and increases overall security. By launching a node operator, the Accelerator will democratize access to PoS networks, making it easier for participants to contribute to the network’s security and operation without needing extensive technical expertise.
Cointelegraph Accelerator will also offer node operation services to the participants of the Cointelegraph Accelerator program that run PoS networks.
AI-powered decentralized networks
bitsCrunch leverages artificial intelligence (AI) to tackle significant challenges in the NFT market, such as forgery and price inflation through wash trading. The AI-driven platform uses advanced algorithms to conduct thorough analysis and forensics, identifying fraudulent activities and inflated prices.
By providing accurate market valuations and giving detailed insights, bitsCrunch fosters transparency and trust in the NFT ecosystem. Additionally, the platform addresses data fragmentation by offering comprehensive data solutions across multiple blockchains, enhancing the reliability and usability of NFT and decentralized finance (DeFi) data for developers, traders and collectors.
The platform’s approach relies on a decentralized model where community members contribute data and algorithms. Users can stake the platform’s native tokens, BCUT, to participate as node operators, delegators, indicators or community contributors.
In bitsCrunch’s decentralized network, developers, analysts, and users collaborate to foster a secure and transparent NFT ecosystem
Driven by its community, bitsCrunch provides a comprehensive overview of the NFT market, including rich infographics, in-depth market reports, relevant statistics and insights into wash trading patterns.
Gopi Kannappan, co-founder and chief product officer of bitsCrunch, expressed his excitement about Cointelegraph Accelerator’s initiative to become a node operator. He emphasized that this collaboration marks a significant milestone for bitsCrunch, as it strengthens the network’s decentralization and security. Kannappan believes this partnership will bring immense value to the bitsCrunch community and enhance the overall integrity and transparency of the blockchain data ecosystem.
Cointelegraph Accelerator representative Paul Solntsev commented on the partnership, stating:
“We are delighted to announce the addition of node operations service to the Accelerator Program, further enriching its value. This service can be particularly advantageous for early-stage projects as they work to establish their networks. Looking ahead, we envision ourselves as a comprehensive partner for program participants, offering support in various areas such as marketing, network development, technical services and other facets of project expansion.”
About bitsCrunch
bitsCrunch stands out in the NFT analytics sector, offering comprehensive data solutions across multiple blockchains. Its tools are crucial for developers, traders, and collectors, enabling them to make informed decisions through accurate value assessments and detailed market insights. bitsCrunch's ultimate goal is to be the standard NFT analytics engine for all decentralized applications (DApps) worldwide, ensuring a reliable experience in the digital asset and NFT markets.
About Cointelegraph Accelerator
Cointelegraph Accelerator is a program that provides media products, marketing advice, mentorship support and other benefits to accelerate the growth of Web3 startups. It leverages Cointelegraph’s network to provide access to investors, technological partners, exchanges and many more. The program focuses on decentralized finance, non-fungible tokens, GameFi, Web3 social, cross-chain and layer 2s, as well as other segments of the broader Web3 industry. Accelerator participants also receive mentorship support on key aspects of Web3 startup growth, such as token launch, liquidity management or token incentives design.