Under-the-Radar Ethereum Rival Soars 50% in Just One Week, Evading Bitcoin and Crypto Market Malaise
A blockchain protocol specializing in seamless cross-chain interoperability is surging in defiance of broader crypto market momentum.
The Quant Community (QNT) software programming interface (API) makes use of its Overledger working system to supply enterprise-grade options and good contract capabilities.
The native token QNT can be utilized to pay for community sources and licensing charges in addition to staking.
The platform is powered by Overledger, which in response to the Quant website is “the world’s first blockchain-agnostic API gateway. It allows interoperability by connecting companies to a number of distributed ledger networks.”
Quant says its merchandise assist customers cut back prices whereas “deploying any app on any blockchain.”
Company companions embrace database administration firm Oracle in addition to banking and finance options agency Nexi.
At time of writing, Quant Community is up 13.38% during the last 24 hours, buying and selling for $93.07.
QNT was buying and selling for $63.28 per week in the past, which means it’s gained 47% whereas the crypto markets struggled.
As to what induced Quant Community to surge, a crypto framework launched by the U.S. Treasury triggered hype locally firstly of the week. Web3 producer and Quant Community advocate Greg Lunt revealed a prolonged thread on how Quant’s efforts may apply to governmental advances in crypto regulation down the highway.
?? Yesterday, a number of US gov’t companies got here collectively to ship a doc addressing the advantages and dangers of digital property.
It’s referred to as the “Framework for Worldwide Engagement on Digital Belongings,” and it consists of many names $QNT has been linked to. ??
A thread ???
— Greg Lunt ? (@GregLunt27) July 8, 2022
The Treasury’s press launch entitled “Framework for Worldwide Engagement on Digital Belongings” lays out a framework for integrating cryptocurrencies into the financial system, and follows up on an government order signed by President Biden earlier this 12 months.
Lunt’s thread lays out the case for the Quant neighborhood to be optimistic that as crypto positive aspects mainstream adoption through authorities regulation in addition to the potential of a central financial institution digital foreign money (CBDC) means Quant could possibly be a significant participant sooner or later.
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