- AllianceBlock announces a partnership with Crunchbase to give its Data Tunnel users access to Crunchbase’s data.
- This is a working example of a partnership between Web2 and Web3.
- Rachid Ajala states that this collaboration will allow the industry to realise its full potential and onboard new actors into the movement.
AllianceBlock recently announced a long-term partnership with Crunchbase. It aimed to make its business data available to crypto firms and developers, enabling them to build applications including customer acquisition profiles, default probability models, and many more.
Crunchbase is a platform that broadcasts and records business-related information; the firm is known to be one of the world’s most reliable data sources on mergers and acquisitions, founding members and C-level directors, and investment and funding campaigns.
This partnership with AllianceBlock, a DeFi solutions provider, will introduce Crunchbase into the Web3 space and grant AllianceBlock Data Tunnel users access to Crunchbase’s data.
What is a Data Tunnel?
Launched in October 2022, Data Tunnel is a platform that caters to individuals and institutions that depend on various sources of information before making decisions concerning their assets.
It aims to build a marketplace for standardized data. With Crunchbase’s recent partnership, users of AllianceBlock can use Data Tunnel to share, study and gather information without requiring an intermediary and create impressive technical designs.
“Data Tunnel is set to be a game-changing application that will enhance innovation in the world of Web3 and DeFi,” AllianceBlock announced on its website.
The partnership between Crunchbase and AllianceBlock is set to be advantageous for the users as it will pave the way for DeFi opportunities for the 75 million Crunchbase dealmakers. This collaboration is an example of Web2 and Web3 companies coming together to provide solutions to common issues spotted in the digital industry.
Upon announcement of the partnership, the co-founder and CEO of AllianceBlock, Rachid Ajala, mentioned the significance of the collaboration with Crunchbase for the Web3 ecosystem.
“Until now, decentralized and centralized providers and users have functioned in siloes, incapable of interacting. This is a huge step for AllianceBlock that will have a major ripple effect on the entire ecosystem of our solutions and partners,” Rachid said.
Two years ago, AllianceBlock announced its integration with Avalanche. This partnership would allow customers to access multiple features like AllianceBlock’s DeFi Investment Terminal, non-fungible token (NFT) characteristics, and KYC solutions on Avalanche.
AllianceBlock also partnered with Flare to build seamless accessibility for its users in the Web3 ecosystem.
Conclusion
People have lauded technological advancement and innovation since the evolution of Web3. AllianceBlock, a DeFi solutions provider, in its quest to improve the data accessibility of its users, has partnered with Crunchbase to provide its Data Tunnel users access to Crunchbase’s data. This is simultaneously an advantageous move for the 75 million Crunchbase dealbreakers.
