A blockchain protocol specializing in seamless cross-chain interoperability is surging in defiance of broader crypto market momentum.
The Quant Community (QNT) utility programming interface (API) makes use of its Overledger working system to supply enterprise-grade options and sensible 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 embody database administration firm Oracle in addition to banking and finance options agency Nexi.
At time of writing, Quant Community is up 13.38% over the past 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 initially of the week. Web3 producer and Quant Community advocate Greg Lunt printed a prolonged thread on how Quant’s efforts may apply to governmental advances in crypto regulation down the street.
?? Yesterday, a number of US gov’t businesses got here collectively to ship a doc addressing the advantages and dangers of digital belongings.
It’s known as the “Framework for Worldwide Engagement on Digital Property,” and it contains 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 Property” lays out a framework for integrating cryptocurrencies into the economic system, and follows up on an government order signed by President Biden earlier this yr.
Lunt’s thread lays out the case for the Quant group to be optimistic that as crypto positive factors mainstream adoption through authorities regulation in addition to the opportunity of a central financial institution digital forex (CBDC) means Quant may very well be a serious participant sooner or later.
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