The market value of blockchain-based Web3, known for its decentralized management, advanced privacy, and user control, was $1.86 billion in 2019 and is projected to reach $15.9 billion by 2031.
Data reveals that about 73 million gamers prefer Web3-based games, and nearly 50% of all financial applications incorporate Web3 technology.
Despite its growth potential, the Web3 sector grapples with issues of accessibility and user-friendliness. Users cannot directly interpret raw blockchain data and must rely on various data tools, leading to fragmentation issues. Additionally, those seeking comprehensive blockchain data on sources, transaction history, and ownership might find inconsistent information across different platforms.
The Web3 ecosystem, supported by thousands of different tokens, also requires forensic analysis to identify suspicious transactions. These analyses should extend beyond token focus to encompass decentralized finance (DeFi) in general.
bitsCrunch, an AI-enhanced decentralized data analytics and forensics protocol driven by its community, addresses these challenges. Serving as an intelligence hub, the platform compiles data in areas such as NFT, DeFi, and GameFi (a model that allows players to earn real-world financial rewards through gameplay).
At its core, bitsCrunch is a decentralized, community-driven data platform where developers can contribute algorithms to enhance reliability. The platform provides precise statistics, valuations, and fraud detection, enabling users to make informed decisions. It also offers insights into fake trading patterns.
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