The Powerloom Protocol serves as a foundational data layer for Web3, designed to address the increasing demand for dependable data sources within the ecosystem.
To put it simply, Powerloom can be likened to a library that stores a vast collection of blockchain “books” (data), where anyone can access the information they require effortlessly.
Much like librarians who organize, update, and maintain the library’s catalog for ease of use, Powerloom employs “snapshotters” to monitor and record significant changes in its database, ensuring accurate and up-to-date information is always available.
For instance, during the recent U.S. election, prediction markets such as Polymarket—highly reliant on reliable data—garnered significant attention. In this context, Powerloom offers developers robust features to support applications that demand trustworthy and real-time data.
Features of powerloom protocol.
- Powerloom offers decentralized datasets to its users.
- Real time data: they offer real time data serving applications that require live data to gain.
- Datasets are filtered for precise time periods making them accessible for particular purposes.
- With powerloom, it is possible for developers to build upon existing datas, a testament of their data flexibility.
Currently with around 5,300 nodes, powerloom have powered uniswap V2 & V3 aswell as aave v3 dashboards.
Powerloom is backed by top industry machines like Consensys and blockchainxap and have raised $3.1M in seed funding.
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