In a significant development for the blockchain and cryptocurrency industry, Flare, the blockchain platform renowned for providing developers access to a wide array of decentralized data at scale and minimal cost, has now been integrated into Arkham’s Intelligence Platform. This strategic collaboration promises to offer Flare users enhanced analytics capabilities, actionable on-chain insights from the Arkham Oracle, and opportunities to participate in various Flare-related activities on the Arkham Intel Exchange.
Flare’s Co-Founder and CEO, Hugo Philion, expressed his enthusiasm for this partnership, saying, “Flare is the blockchain for data – the only blockchain optimized for decentralized data acquisition. It’s therefore only right that we provide network builders and participants with the best possible analytics tools to allow them to make proper data-driven decisions. Arkham’s platform is both powerful and user-friendly so we are happy they have chosen to support the Flare network.”
Expanding Blockchain Support for Transparency
Arkham’s Intelligence Platform, powered by its proprietary artificial intelligence engine known as ULTRA, is designed to algorithmically link blockchain addresses with real-world entities. This innovative approach enhances transparency within the cryptocurrency industry by providing comprehensive data and analytics on the individuals and organizations behind blockchain transactions.
With the integration of Flare into the Arkham platform, Flare users gain access to real-time insights into the activities of top traders and investors worldwide. Additionally, they can closely monitor the performance of their own portfolios, conduct due diligence, predict market trends, track fund flows, engage in individual research, and report illicit financial activities.
Miguel Morel, the founder and CEO of Arkham, commented on this development, stating, “We are excited to be adding support for yet another blockchain to our platform, especially one that is already so focused on data and understands the importance of data-driven decision-making. We will continue expanding our breadth and depth of coverage going forward in order to provide the radical transparency our industry needs.”
A Synergy for Data-Driven Decision-Making
The integration of Flare into the Arkham Intelligence Platform marks a significant step forward in enhancing data-driven decision-making within the blockchain and cryptocurrency space. This collaboration holds the potential to empower Flare users with valuable insights and analytics, further advancing the capabilities of both Flare and Arkham in serving the evolving needs of the industry.
Flare, often described as the “blockchain for data,” is an Ethereum Virtual Machine (EVM) smart contract platform. It stands out by incorporating decentralized oracles into its network structure, making it the ideal smart contract platform for decentralized data acquisition, including price and time series data, blockchain event and state data, and web2 API data. By granting developers trustless access to an extensive range of data at scale and with minimal costs, Flare acts as a utility layer for the blockchain industry, thereby fostering the development of new and improved use cases.
Arkham, founded by Miguel Morel in 2020, has quickly gained prominence in the crypto space. Miguel’s extensive experience in navigating cryptocurrency markets has uniquely positioned him to understand the intelligence needs of decision-makers in government, venture capital, and trading. He is also an investor in several technology startups.
The list of investors and partners associated with Arkham includes influential figures and firms in the cryptocurrency space, such as an undisclosed OpenAI Co-Founder, Palantir Co-Founder Joe Lonsdale (8VC), Tim Draper (Draper Associates), Wintermute, GSR, and Geoff Lewis (Bedrock). Noteworthy partnerships include TradingView, Trust Wallet, BNB Chain, Tron, and Avalanche, further solidifying Arkham’s presence and importance in the crypto and blockchain industry.
