Covalent announces donation program and API credits for Cronos ecosystem

To promote innovation in the Web3 space, Covalent Network (CQT) announced the expansion of its donation program to developers in the Cronos ecosystem. This strategic initiative aims to inspire innovation and collaboration by providing support and resources to projects in the Cronos network built on the Covalent Network (CQT) API.

With its unparalleled solutions, Covalent Network (CQT) is becoming the facility of choice for Cronos developers looking to enhance their projects with real-time, historical on-chain data. Covalent Network's (CQT) unified API can query data from more than 100 billion decoded transactions on more than 225 blockchains, making it the largest and most comprehensive structured Web3 data set currently. Known for its cryptography-based security and enterprise-grade reliability, Covalent Network’s (CQT) datasets will continue to drive innovation within the Cronos ecosystem by providing decentralized access to Web3 data.

This broad access is critical to fostering innovation in fields including DeFi, artificial intelligence and machine learning, games, NFTs, data analytics, and more. It provides Cronos developers with innovative underlying facilities suitable for various blockchain use cases. By leveraging Covalent Network’s (CQT) APIs, developers can tap into a rich source of structured data that powers their dApps, allowing them to gain valuable insights and drive innovation with confidence.

Through the Covalent API Grants program, developers in the Cronos ecosystem have the opportunity to receive technical support and financial support of up to $25,000 through API points to fuel the long-term development of their projects. This financial support not only accelerates the development process, but also promotes Cronos to become a vibrant ecosystem with innovative solutions, and promotes the growth and impact of the ecosystem.

Since its launch in fall 2023, the Covalent Grants program has awarded nearly $600,000 to 40 groundbreaking projects spanning everything from DeFi to data analytics to system security and crypto AI. field. With the largest set of verified on-chain data in Web3, developers on Cronos will have the tools they need to develop and innovate with confidence.

This plan represents a shared commitment to advancing blockchain technology and empowering developers around the world. Through such collaborative initiatives, Covalent Network (CQT) and Cronos aim to democratize data access and jointly create a prosperous decentralized application ecosystem to promote a new wave of innovation in the blockchain field.

About Covalent Network (CQT)

Covalent Network (CQT) creates Web3’s largest data availability layer, empowering millions of users in AI, big data and Building new economic products in the DeFi field. It is deeply committed to democratizing data acquisition by making structured data accessible to everyone through a unique unified API. As a core component of the DePIN ecosystem, Covalent Network (CQT) provides developers, analysts, innovators, and thousands of customers with comprehensive, real-time access to more than 225 blockchains and growing data .

About Cronos

Cronos is the leading Ethereum-compatible Layer 1 blockchain network built on the Cosmos SDK. Powered by Crypto.com and over 500 app developers and partners, its mission is to enable easy and secure adoption of Web3 by the next billion cryptocurrency users, with a focus on decentralized finance (DeFi), non- Decentralized applications in the field of fungible tokens (NFT) and game finance (GameFi).

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