KYVE mainnet launched on Pi Day, bringing decentralized, trustless on-chain data lakes

After 9 months of development, the on-chain data verification network KYVE successfully launched its mainnet on March 14th at 3:03:14 PM CET on Pi Day (3/14).

The decentralized data lake is built using the Cosmos SDK as a layer 1 blockchain and aims to provide developers, node operators and data analysts with trustless data solutions. The mainnet launch was preceded by an incentivized testnet that attracted over 43,000 unique KYC users and deployed an official testnet called Kaon — serving as a replica of the mainnet.

KYVE’s Core Value Proposition and Use Cases

In an exclusive interview with CryptoSlate, KYVE stated that by solving data access challenges, KYVE aims to make “trustless data a public good.”

The platform’s solutions can benefit developers, node runners, and data analysts from the web2 space built in specific ecosystems.

Additionally, KYVE’s mainnet launch and subsequent token generation event (TGE) also opens up new opportunities for collaboration with other blockchain projects such as Sei Network, which needs to verify sports results and weather data on-chain Wait for the way of decentralized data under the chain.

KYVE’s platform is customizable, allowing users to access any desired data type. The data pipeline powered by Airbyte enables users to import data from any mining pool directly into their backend with no code required. This feature makes KYVE easier to use for those without coding expertise or who need to develop quickly.

Token Distribution and Upcoming Plans

KYVE’s token distribution will be awarded to the top 10,000 participants on the Incentivized Testnet Leaderboard. There are currently no airdrops planned.

After the mainnet goes live, KYVE will focus on its official token listing and launch of the first few mining pools on its protocol layer.

KYVE is also developing an oracle to provide trustless data for various projects. Chainlink — an early investor in KYVE — has a similar vision for getting data on-chain, and recently launched a new product called “Chainlink Function” during ETHDenver.

Chainlink Functions aims to bring web2 data on-chain through an easy-to-use dashboard – echoing Kyve’s mission to improve compatibility with the off-chain world. As such, both projects are exploring potential collaborations to advance their goals in the field of trustless data.

Industry support and more information

KYVE has received strong support from top VC and blockchain projects, including NEAR Protocol, IOSG, Coinbase, Interchain Fund, Arweave, etc. Its mission is to revolutionize custom access to on-chain and off-chain data, and potentially change the way developers work with data in the blockchain space.

As KYVE evolves, it aims to operate as a DAO and continue to build innovative solutions for decentralized data verification, immutability, and retrieval. With the launch of the mainnet, KYVE has taken a step towards making data a public good accessible and secure to all.

On-chain decentralized, trustless data lakes first appeared on CryptoSlate following the launch of the KYVE mainnet on Pi Day.

Information source: compiled by 0x information from BITCOININSIDER.The copyright belongs to the author Anonymous, and shall not be reproduced without permission

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