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Crunchbase And AllianceBlock Partner To Boost Data Availability In DeFi

Crunchbase, a platform for business prospecting, has joined forces with AllianceBlock, a provider of decentralized finance solutions, to offer its data to users of the Data Tunnel platform. By collaborating with AllianceBlock, Crunchbase’s business data will become more readily available to blockchain-based businesses and developers.

This partnership will enable them to design various applications, such as maps of untapped markets, customer acquisition profiles, default probability models, and other related tools.

AllianceBlock’s Data Tunnel Platform

Crunchbase’s content encompasses details on funding and investments, executives and founders in leadership roles, news updates, acquisitions and mergers, and industry trends. The Data Tunnel platform caters to individuals and traditional institutions who often depend on various information sources to make sound decisions regarding their assets.

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Data Tunnel eliminates intermediaries and allows users to share, analyze, and integrate information seamlessly. AllianceBlock launched its data tunnel last October to establish a public marketplace for standardized data.

In 2021, AllianceBlock partnered with Flare, another blockchain technology provider that enables blockchains to utilize real-world data when executing smart contracts. Together, these companies worked to enhance their respective blockchains by integrating each other’s technologies, including oracle networks, decentralized exchanges, and cross-chain bridges.

AllianceBlock contributed several solutions to the partnership. This includes AllianceBridge (its cross-chain interoperability platform), AllianceBlock DEX (a decentralized exchange), and AllianceBlock Fundrs, a decentralized P2P funding protocol.

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Flare asserted that its layer-1 technology could enhance blockchain protocols, allowing the implementation of smart contracts on cryptocurrencies like Bitcoin, Ripple, Stellar Lumens, Dogecoin, and Algorand. Meanwhile, Flare operates as a decentralized oracle network, aiming to provide blockchains access to real-world data during smart contract execution.

A Previous Partnership

In 2021, AllianceBlock collaborated with Avalanche, an emerging protocol for the “Internet of Finance.” This partnership allowed users to directly access AllianceBlock’s NFT functionalities, DeFi Investment Terminal, KYC solutions, and P2P financial services through Avalanche.

Moreover, the alliance involves joint development efforts with Ava Labs, the team responsible for Avalanche’s development. While other companies embrace Web3 technologies, Disney has taken a different route.

According to reports, Walt Disney has laid off almost all the employees of its consumer experiences unit, which oversees its metaverse strategies, as part of a greater company restructuring effort. Disney aims to reduce its workforce by roughly 7,000 in the forthcoming months.

According to sources, Disney recently terminated approximately 50 individuals from the division. However, the firm chose to retain Mike White, an ex-Apollo Chief Technical Officer (CTO) appointed as the head of its metaverse initiative last February.

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Consequently, Disney’s involvement in NFTs and the metaverse remains uncertain. However, it is worth noting that in March 2022, the firm launched Disney Pixar Pals NFTs, which sold out in a day, generating more than $3 million in revenue.


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Bradley Nelson

Bradley Nelson is a US based cryptocurrency news writer for Tokenhell, he helps readers stay up to date with the latest trends and news from the blockchain and crypto world. Bradley has been a crypto enthusiast since 2018.

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