Powerloom is a composable data network for Web3 that provides consensus-backed, verifiable datasets and flexible APIs, enabling developers to create tailored data applications with integrity. It addresses the challenge of unreliable data sources by ensuring every data point is peer-validated and anchored on IPFS, facilitating the deployment of accurate and adaptable data solutions.
Funding
$3.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Web3 developers face challenges in accessing reliable and verifiable on-chain data for building decentralized applications. Existing data sources often lack transparency and consensus-backed validation, leading to concerns about data integrity and accuracy. This unreliability hinders the development of robust and trustworthy data-driven Web3 applications.
Solution
Powerloom provides a composable data network that delivers consensus-backed, verifiable datasets to Web3 developers. The network ensures data integrity by peer-validating every data point and anchoring it on IPFS for transparency. Powerloom offers flexible APIs and configurable data markets, enabling developers to create tailored data applications with confidence. By providing reliable and validated data, Powerloom empowers developers to build complex dashboards, smart bots, advanced aggregators, and insightful trackers with greater accuracy and adaptability.
Target Audience
Powerloom targets Web3 developers building decentralized applications, including DeFi protocols, NFT platforms, and other data-driven Web3 projects.
Features
- Consensus-backed data points anchored by cryptographic proofs for verifiable data integrity
- Configurable and use case-specific data markets for tailored data solutions
- Pre-computed, validated APIs for DeFi protocols and smart contracts
- Flexible and extensible data points gathered from various sources
- Lightweight nodes deployable with one-click, even from GitHub codespaces
- Consensus status dashboard for tracking the consensus state of on-chain data
- Ready-to-use API endpoints for use case-specific needs, such as Uniswap V2 summary dashboards