Sulu and Brave New Coin Team Up to Enhance Web3 Data Access and Profitability

Sulu and Brave New Coin have partnered to integrate BLX, a Bitcoin price index, into web3 applications via the L402 protocol. This enables developers to easily access BLX data and facilitate payments using BTC on the Lightning Network, reducing fees and settlement times. The partnership benefits both companies, allowing Sulu to expand its offering for monetizing APIs, while Brave New Coin can generate additional revenue streams and reduce operational costs.

Sulu and Brave New Coin Forge Strategic Partnership to Enhance Web3 Data Accessibility and Monetization

London, United Kingdom – 14th March 2023

Today, Sulu, a leading provider of software infrastructure for API monetization, and Brave New Coin (BNC), a data and research powerhouse in the blockchain and digital asset space, announce a groundbreaking partnership. This collaboration will empower Web3 developers, decentralized finance (DeFi) enthusiasts, and decentralized app (DApp) builders with seamless access to the Bitcoin Liquid Index (BLX) and other valuable datasets.

Seamless Data Integration through L402 Protocol

The partnership leverages the capabilities of Sulu's L402 protocol, facilitating the efficient and cost-effective delivery of the BLX and other datasets to Web3 applications. Developers and users can now effortlessly access and utilize this crucial data, paving the way for informed decision-making and value creation within the crypto ecosystem.

"Sulu's mission is to unlock the potential of APIs by providing a frictionless infrastructure for monetization and consumption," said Susan O'Neill, CEO and Co-Founder of Sulu. "This partnership with Brave New Coin represents a significant step towards this goal, enabling developers to access and interact with premium data sources more easily and effectively."

Harnessing the Power of AI for API Monetization

Sulu's innovative AI-enabled solution will enable autonomous agents to seamlessly access and purchase APIs, including the BLX, through the L402 protocol. This groundbreaking capability empowers AI-driven systems to autonomously consume data, fostering a more efficient and frictionless API economy.

"The integration of Brave New Coin's data into Sulu's platform creates new opportunities for data monetization and consumption," said Rory Manchee, CEO of Brave New Coin. "We believe that the combination of our expertise and Sulu's innovative technology will drive the growth of the Web3 ecosystem."

Benefits for Premium Data Source Owners

This partnership presents numerous advantages for premium data source owners like Brave New Coin. Sulu's flexible API paywall design allows for the creation of customized API endpoints, enabling data providers to generate new revenue streams while benefiting from significantly reduced fees compared to traditional payment providers.

"Brave New Coin has established itself as a trusted provider of data and research in the blockchain industry," added Manchee. "This partnership with Sulu will not only benefit our customers but also contribute to the broader development of the Web3 ecosystem."

About Sulu

Sulu is a software infrastructure provider that empowers businesses to monetize their APIs through usage-based payment solutions. Its AI-friendly platform offers flexible access plans, dynamic pricing, and advanced analytics, enabling organizations to unlock new revenue streams and gain actionable insights into API consumption.

About Brave New Coin

Brave New Coin is a data and research company specializing in the blockchain, crypto, digital asset, DeFi, Web3, and NFT industries. Since its inception in 2014, BNC has established itself as a leading provider of data, analysis, and research to a global network of market participants. BNC's content is widely distributed through partnerships with Dow Jones Factiva, Refinitv, Barchart, and numerous other channels, reflecting the company's commitment to delivering institutional-grade data solutions to the blockchain ecosystem.

Media Contact:

Brave New Coin

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