Pundi X partners with Oraclus to boost AI-driven blockchain tools

Pundi X partners with Oraclus to boost AI-driven blockchain tools
фото показано с : invezz.com

2024-8-31 16:46

Blockchain platform Pundi X has unveiled a strategic partnership with Oraclus, an advanced AI-powered data analytics provider, aiming to revolutionize blockchain analytics and enhance decision-making for crypto investors, developers, and businesses.

This collaboration, announced on August 30, marks a significant step in advancing AI-integrated blockchain tools and pushing forward Web3 adoption.

Oraclus brings a robust blockchain ecosystem to the table, featuring a suite of data-driven tools that cater to over 30 blockchains.

It offers comprehensive insights into crypto addresses, exchange inflows and outflows, and API integrations.

Noteworthy features include the ‘Know Your Transaction’ function, which allows users to monitor and assess blockchain transactions, identifying potential risks.

Additionally, Oraclus’s AI-powered search engine and market data scanner provide valuable information to enhance decision-making in the Web3 space.

What this partnership will bring

Pundi X’s partnership with Oraclus is designed to improve market analytics, streamline decision-making processes, and provide users with actionable insights.

“Together, we are enhancing market analytics, improving decision-making, and empowering Web3 users with insights,” stated Pundi X.

The collaboration aligns with Pundi X’s broader goal of advancing Web3 adoption.

According to PundiX Labs, the project aims to leverage AI technology to support the growth of decentralized technologies and crypto payments.

The vision includes transforming the retail experience through smart devices and blockchain infrastructure, creating a more efficient and crypto-integrated environment.

Since joining the Circle Alliance Program in July, Pundi X has expanded its network to promote USDC stablecoin across its XPOS, Pundi X Pay, and p(x)Card solutions.

Integration supports payments in USDC

This integration supports payments in USDC and facilitates transactions in Ethereum (ETH) and Solana (SOL).

Merchants can now accept USDC payments or convert them via these platforms.

The rollout of merchant support for Pundi X Pay further underscores the platform’s commitment to enhancing Web3 infrastructure.

Despite the positive news, Pundi X (PUNDIX) has seen a decline in its price.

Currently trading around $0.3852, the token is down 1.6% in the past 24 hours and nearly 7% from its peak a week ago.

This downturn reflects a broader negative sentiment in the cryptocurrency market, with most altcoins experiencing declines and Bitcoin dipping below $59,000.

The overall market underperformance has led to PUNDIX trading significantly below its all-time high of $10.07, achieved in March 2021. While the partnership with Oraclus signals a promising future for Pundi X, the current market conditions have tempered immediate investor enthusiasm.

The post Pundi X partners with Oraclus to boost AI-driven blockchain tools appeared first on Invezz

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