BitCrunch and Cointelegraph Accelerator will collaborate to support NFT projects

To support developers and companies on their path, Cointelegraph Accelerator has partnered with bitsCrunch, a crypto and nonfungible (NFT) token ecosystem analytics company.

This occurs when the NFT trade volumes start to increase once more in the first quarter of 2023. Notably, a number of initiatives are entering the market to provide infrastructure and analytical tools for the market participants, forcing the marketplaces to compete with NFTs for market share. The new Cointelegraph Accelerator and bitsCrunch startup initiative, however, aims to support the NFT data area by offering free data tools.  

Members will be able to join in both efforts and profit from them thanks to the new initiative as well. In the blockchain and cryptocurrency ecosystems, Cointelegraph has been around since its founding in 2013.

The Cointelegraph Accelerator, on the other hand, supports early-stage Web3 applications to accelerate their growth. It was introduced in 2023. The website accomplishes this by making use of its accessibility to a native Web3 audience, a variety of network industry partners, and marketing expertise. Especially noteworthy is the fact that Cointelegraph accelerators are chain-neutral and adjustable in terms of participant maturity. The program places increased emphasis on applicants with a tested business strategy between the seed and Series A phases.

A campaign’s duration can range from one to three years, and the platform makes investments between $500,000 and $5 million in gross media according to the deal. The special nature of some projects, nevertheless, allows for individualized discussion.

bitsCrunch Analytics Sector Transparency

In contrast, bitsCrunch facilitates NFT data solutions across various blockchains, as well as enabling transparency in the analytics industry by identifying wash trading and figuring out whether an NFT is a forgery or a copy of a real asset. In February of last year, bitsCrunch secured $3.6 million in an investment round sponsored by Animoca Brands, Coinbase Ventures, and Capital, among others.

But bitsCrunch has offices in both Germany and India. It establishes the fair price of NFTs using analytical methods powered by AI. According to the business, investors in the expanding cryptocurrency market want greater control over data that would shield them from falling for scams and cunning trading activity.

Vijay Pravin Maharajan, the CEO of bitsCrunch, stated that his business supports NFTs on the Ethereum, Polygon, and Avalanche blockchains. However, he intends to utilize the money to increase the team’s capacity so that it can focus on protecting a number of important blockchains, such as Polkadot and Solana Algorand.

An important feature of the bitsCrunch startup program is that through its platform and application programming interfaces (APIs), it offers early-stage platforms and developers free or inexpensive access to its solution. Regardless of whether they are experienced programmers or a startup with a game-changing idea, participants receive impartial assistance from bitsCrunch as they use its tools and gain early access to upgrades.

Notable: As the abilities of the two projects are united, the partnership between the Cointelehraph accelerator and the bitsCrunch startup program will improve cooperation. In exchange for adhering to the standard, this will grant quick access to the program of the relevant partner. BitsCrunch participants will be qualified for Cointelegraph media coverage through exclusive and subsidized media packages thanks to the Cointelegraph accelerator.

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