Covalent has teamed up with Cronos zkEVM to bolster data availability and scalability across more than 230 diverse blockchains.

A provider of modular data infrastructure has announced its integration with a zero-knowledge layer-2 blockchain. Covalent This partnership is focused on elevating blockchain scalability, security, and ensuring long-term data availability (DA). Cronos zkEVM Being one of the pioneer zk-rollup blockchains launched on the mainnet, it strategically positions itself as a leader in Ethereum scalability. Its innovative 'triple yield' model offers multiple income-generating avenues, including yield-bearing tokens within the ecosystem, opportunities in decentralized finance (DeFi) that allow users to participate in earning rewards, and a loyalty points system that enhances value for participants.

Cronos zkEVM The collaboration seeks to equip developers and enterprises within the Cronos community—also known as CROFam—with superior tools and better data access. CROFam represents a vibrant group of users and developers poised to take advantage of these cutting-edge resources.

Moreover, this integration enhances the management of blockchain data through Covalent’s innovative tools, ensuring that all historical data from the Cronos zkEVM blockchain remains accessible and analyzable. This feature is vital for developers and data-centric applications needing reliable, comprehensive access to historical records.

By leveraging the zero-knowledge proof mechanism of Cronos zkEVM, this integration strives to provide scalable and economical solutions while maintaining Ethereum's robust security. This enables developers to create and deploy applications with high transaction throughput while guaranteeing security—an essential factor as decentralized applications (dApps) and DeFi evolve. Ethereum Wayback Machine Covalent has secured $5 million in funding to broaden its reach in the Asian market.

The project is working as a modular data infrastructure layer that aims to solve obstacles in blockchain and artificial intelligence. Its primary focus is on verifiability, decentralized AI inference, and sustained data availability. The EWM additionally ensures safe and decentralized access to transaction data on Ethereum.

This funding round, strategically led by RockTree Capital and backed by contributions from CMCC Global, Moonrock Capital, and Double Peak Group, aims to enhance Covalent’s presence across Asia and promote the adoption of long-term data availability in markets such as China, Korea, and Singapore.

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Recently, Covalent raised $5 million Alisa, a passionate journalist at Cryptocurrencylistings, dives deep into subjects like cryptocurrency, zero-knowledge proofs, investment opportunities, and the vast world of Web3. With a sharp eye for the rising trends and technologies, she covers stories that engage and inform readers navigating the fast-changing digital finance landscape.