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| By Jurica Dujmovic |
As a tech and crypto journalist, I am always on the lookout for the next big thing in the world of finance and technology.
That is why I was particularly intrigued by the growth potential of crypto data marketplaces and infrastructure sector within the world of crypto.
With so much buzz surrounding this area, I wanted to gain a deeper understanding of the fundamentals and get a closer look at what makes this sector such a promising investment opportunity.
To that end, I asked Andre Oentoro to join me this week.
Andre is the founder of Breadnbeyond, an award-winning video company that creates animated videos for companies ranging in use cases from marketing to education. Andre has been following developments in the crypto data marketplaces and data infrastructure sector for quite some time and has a wealth of knowledge to share with us.
Jurica Dujmovic: Thanks for joining me today, Andre. Can you start by explaining to our audience what the crypto data marketplace and infrastructure sector is about?
Andre Oentoro: The crypto data marketplace and infrastructure sector provides a platform for the exchange and storage of data and information in the rapidly expanding cryptocurrency and blockchain industry.
In short, it helps businesses and individuals make informed decisions based on accurate and trustworthy data.
Jurica: Why do you think the crypto data marketplace and infrastructure sector is poised for growth?
Andre: There are several key factors driving the growth of this sector. One is that the adoption of blockchain technology is increasing. This is reflected in the growth of the crypto market, which is valued at over $2.5 trillion with over 12,000 crypto projects.
As the crypto market evolves and matures, there's a growing need for access to high-quality data to inform decision-making and risk management strategies. Additionally, the popularity of DeFi applications is also driving the growth of this sector, as there's a large amount of data that needs to be analyzed and processed.
Jurica: Can you tell us about some of the benefits of crypto data marketplace and infrastructure projects?
Andre: Absolutely. They provide decentralized data management, increased data privacy, improved data quality, cost savings and even data monetization.
By utilizing decentralized technologies, these projects provide a secure and transparent way to manage data by reducing the risk of data breaches and unauthorized access to sensitive information. They also enable users to make anonymous transactions and data sharing, providing greater privacy and security.
Advanced algorithms and data processing techniques are used to curate and process large amounts of data, ensuring that users have access to accurate and trustworthy information. These projects also have the potential to reduce costs and create new revenue streams by enabling individuals and businesses to monetize their data.
Jurica: That's great. Can you tell us about some of the worthy projects in this space?
Andre: Ocean Protocol (OCEAN, Tech/Adoption Grade “C”) is one worth mentioning. It is a decentralized data exchange platform that enables secure and privacy-preserving data sharing.
Another is Band Protocol (BAND, Tech/Adoption Grade “C+”), a decentralized oracle network that enables secure and accurate data transmission between blockchain-based applications and the real world.
Chainlink (LINK, Tech/Adoption Grade “B+”) is another decentralized oracle network that connects blockchain-based applications with real-world data and information.
Dune Analytics is a platform for data-driven insights and analysis for the DeFi ecosystem, and Alchemy is a platform for data infrastructure and management for blockchain-based applications.
There you have it.
The crypto data marketplace and infrastructure sector is a promising area for investors and businesses looking to tap into the potential of the cryptocurrency market. With the increasing demand for reliable data and infrastructure — especially as we finally say farewell to crypto winter — this sector is poised for growth.
Just look at LINK, for example. It already has 28% gains year to date.
The projects mentioned in this article are just a few examples of the exciting opportunities in this space. And I consider the investors who leverage themselves to this sector to be pick-and-axe investors.
The term comes from the gold rush. While everyone was racing to find the mines with the most gold, smart businesspeople went into the pick-and-axe business — selling the tools anyone involved in the mining industry would need.
They didn’t need to find the motherload. They just needed to sell picks and axes to everyone else who did.
Just the same, an investment into the data marketplace and infrastructure sector allows you to benefit from the growth of the crypto market as a whole … in addition to applications beyond crypto. For example, the same technology will be needed to build critical infrastructure that will shape the future of the finance and technology industries.
It’s definitely a sector to keep your eye on, especially as we see the market transition from bear to bull.
Best,
Jurica
