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 offer 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 line with 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% over the past 24 hours, buying and selling for $93.07.
QNT was buying and selling for $63.28 every week in the past, that means it’s gained 47% whereas the crypto markets struggled.
As to what brought about Quant Community to surge, a crypto framework launched by the U.S. Treasury triggered hype locally in the beginning of the week. Web3 producer and Quant Community advocate Greg Lunt revealed a prolonged thread on how Quant’s efforts might 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 referred to as the “Framework for Worldwide Engagement on Digital Belongings,” 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 Belongings” lays out a framework for integrating cryptocurrencies into the financial system, and follows up on an govt order signed by President Biden earlier this yr.
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 for a central financial institution digital forex (CBDC) means Quant might be a significant participant sooner or later.
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