Covalent: The Future of Web3 and AI Data Infrastructure

IconCryptoNewsTerminal Staff25 Jul, 2024

cryptonews.jpg

Covalent: The Future of Web3 and AI Data Infrastructure

## Covalent: The Future of Web3 and AI Data Infrastructure ### Summary Covalent is the largest indexer for Web3 data. The future of Covalent is a modular data infrastructure for AI to power the accessibility and verifiability of data for the long-term in AI and Web3. ### Key Takeaways Covalent covers about 230+ blockchains and delivers data to developers through APIs. The company provides processed data to analysts with products like Increment (dashboards/analytics), and GoldRush (block explorer kits). The ticker change to CXT signifies the beginning of a new era for Covalent. The new CXT token captures the expanded vision and capabilities of the network. * Covalent selected Arthur Hayes as an advisor due to his large audience and credibility in the Web3 space. ### Covalent's Vision for 2025 The keyword for 2025 is expansion. Key goals are to "1) release a unified vision of the Covalent Network, 2) launch Olympic light clients and expand liquid staking, and 3) contribute to the evolution of AI training and inference while maximizing decentralization."

Related News