Powerloom, the cutting-edge data layer facilitating on-chain applications, has announced a new milestone. With a thrilling addition of 1 billion new data points, Powerloom has surpassed 5,300 Snapshotter nodes. This marks a significant achievement for the platform since its inception in February of this year.
The Snapshotter nodes regularly record event emissions and state changes, compiling them into real-world datasets. This development significantly aids decentralized applications (dApps) by delivering an unmatched user experience, while maintaining both speed and precision.
### Powerloom Boosting DeFi, NFT, and GameFi Adoption
The platform considers a resilient decentralized infrastructure to be crucial for the mainstream adoption of DeFi, NFTs, and GameFi. According to Powerloom, a strong decentralized infrastructure enables the seamless coexistence of truth verification, capital flow, and social interactions. As such, it has emphasized the need for practical, contextual data relays to meet user demands. With this in mind, Powerloom’s real-time datasets aim to propel dApps forward, allowing them to offer an unparalleled user experience without compromising accuracy or speed.
Additionally, Powerloom is preparing for its mainnet launch, scheduled for January 2025. The current achievement highlights the growing interest from both users and developers in verifiable, accurate, qualitative, and real-time datasets. The platform enables user applications to operate seamlessly, without reliance on external indexers or oracles, leveraging real-time synchronization of the datasets it holds.
### Enabling Straightforward Access to Transparent, Precise, and Real-Time Data
The company finalizes the latest data points through a transparent consensus mechanism, committing them to IPFS. The CID serves as a unique identifier, ensuring data accuracy. The platform synchronizes every dataset with the blocks on-chain to provide real-time updates, tracking the unique state of the underlying blockchain. This eliminates the risk of executing smart contracts and apps based on outdated information. Furthermore, NFT platforms, GameFi apps, and DeFi protocols can directly access and utilize the respective data points.
Swaroop Hegde, co-founder of Powerloom, expressed excitement over the monumental achievement of 1 billion new data points. He stated that reaching such a significant milestone during the testnet phase reflects the collective strength of the platform’s decentralized infrastructure. Moreover, the launch of $POWER (Powerloom’s utility token) will reportedly play a central role in benefiting early adopters and ecosystem participants. As the platform approaches its mainstream launch, Powerloom aims to provide a rewarding, transparent, and secure environment for users.