The technology has come a long way since Bitcoin officially introduced blockchain in 2009. Thanks to cryptocurrencies, distributed ledgers gained a Wild West reputation: their peer-to-peer (P2P) architecture, lack of clear governance, and open-to-all structure initially scared mainstream businesses away.
However, the industry is slowly warming to blockchain technology as engineers and developers use P2P networking to build enterprise-grade solutions. PARSIQ, a leading blockchain monitoring and workflow automation platform founded in 2018, is one of the latest entrants in the Web3 revolution.
The platform enables developers to deploy blockchain applications that transfer on-chain and off-chain data in real time, meaning they can connect decentralized apps (dApps) to devices, develop custom events using smart contracts, monitor blockchain changes, and use custom APIs to create DeFi applications and automated bots.
Diversity with practical use cases
From monitoring player insights, activity and interests, to filtering historical and real-time data, we’ll show you how developers are using PARSIQ in a variety of real-world projects.
Web3 Games: Developers can use PARSIQ’s Tsunami API to gather user insights such as player activity and interests. For example, they can track the digital assets players hold and exchange over time. Analyze digital asset accumulation patterns to gain detailed insights into players’ spending habits.
Tsunami API tracks player interest in your game, monitors activity on rival products, and allows you to combine on-chain and off-chain data to target existing and potential users and fine-tune your player acquisition and retention strategies.
Research and Analysis: PARSIQ’s APIs can be used to research and filter historical and real-time big data. For example, the NFT API collects various on-chain data requirements related to NFTs in one place. The API supports ERC-1155 and ERC-721 across the highest TVL EVM blockchains, eliminating the need to manually sift through raw data.
Regulatory Compliance: PARSIQ allows tracing illicit blockchain activity to its source by monitoring user assets, tracking wallet contents, combining on-chain and off-chain data to create comprehensive usage profiles, and notifying central exchanges and cryptocurrency off-ramps of irregular blockchain activity in a timely manner to prevent users from laundering money on the platform.
NFT Projects: Leverage on-chain data on the PARSIQ platform to customize your user acquisition and retention strategies. Use historical and real-time data from multiple sources, including wallet activity and community interactions, to gain detailed insights into user activity and refine your strategy.
Latest Initiatives
PARSIQ is slowly shaping the future of the blockchain ecosystem through a series of intelligent initiatives, the most notable of which are Reactive Network, Unicornization Campaign, Developer Bounties, and PARSIQ Swarm. Let’s take a closer look at each of these initiatives.
PARSIQ’s Reactive Network allows smart contracts to communicate with each other on different EVM chains, making trading on different EVM chains much more profitable. You can also build arbitrage bots to automate manual tasks. And since all data is on-chain, no off-chain computations are required.
The Make It a Unicorn campaign is a great initiative to invest in promising Web3 projects on the Reactive Network. The initiative enables developers to use the Reactive Network to interact with smart contracts and build modular decentralized applications. The Developer Bounty Program is the next phase of the Make It a Unicorn campaign. PARSIQ invites budding developers, engineers, and blockchain enthusiasts to share their innovative use case ideas for a chance to win attractive prizes.
PARSIQ Swarm is an opportunity for active members of the blockchain community to collaborate on PARSIQ projects. Swarm members play a key role in championing PARSIQ and helping mainstream businesses, traders, and developers leverage blockchain technology to achieve success. These efforts highlight PARSIQ’s commitment to revolutionize the future of blockchain technology, creating new opportunities for the community, and making Web3 accessible to all.
In summary, PARSIQ is at the forefront of bridging the gap between centralized and decentralized applications. The company is using a community-driven approach to pave the way for a connected and efficient digital world.
