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7 years in the making, this has become one of the most powerful networks, covering many narratives such as AI, Data, DePIN, Metaverse, and more.
The best part about it? It’s a small-cap play with MEGA potential.
Brew that coffee and let’s dive straight into Streamr.
What is Streamr?
Streamr was first introduced back in 2017 with the primary mission of creating a decentralized P2P data, messaging and streaming network which enables dApps, devices such as mobiles or computers and even cars to share and trade their data within the Streamr Marketplace.
How Does Streamr Work?
To simplify how it works, Streamr consists of a network of unified nodes that form a messaging system for decentralized applications to distribute or exchange data/information without the need for centralized servers to mediate.
Building for the decentralized future, Streamr has developed many strong use cases that provide this protocol with great opportunities for global adoption. To start with is the Streamr AI that delivers data to, from and between AI models and agents.
Next is the ability to stream any media through the native, live and decentralized CDN. Third on the list is DePIN as anyone can stream data from any DePIN/IoT device! The next primary use case is the Communications which allows anyone to message without any centralized intermediaries!
One major industry for which Streamr aims to provide utility is the Metaverse, which can offer broadcasting of online and interactive experiences and environments at scale! The last and final use case at the moment is the Data Monetisation that allows anyone to buy, sell and exchange stream subscriptions!
Streamr Ecosystem
In the last eight years of development, Streamr has consistently built, developed and integrated many dApps and networks within its ecosystem. These include Ethereum, Polygon, Helium, Uniswap, Binance and many leading protocols in Web3.
Streamr has ventured out of Web3 and attracted some of the biggest enterprises, such as WWF, Union Bank, Bosch and many others, to provide data services. As we steadily progress into a blockchain-fueled world, Streamr could very well onboard many other large corporations, businesses and industries!
Streamr Token ($DATA)
Driving the data economy of the Streamr ecosystem is the $DATA token, which has strong utilities behind it. $DATA is used to incentivize the network, stake across Streamr nodes, participate in governance and be used as the currency of payment within the Streamr Hub.
Conclusion
According to CoinMarketCap, at the time of writing, $DATA is trading at $0.043 with a small market cap of $45.76M. In the long existence it had in the market, the $DATA token once achieved an ATH of over $0.37 back in January 2018 and has since then made many further developments and partnerships.
Official Streamr Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
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