Key Points
- Bluzelle (BLZ) surged by over 20% in the past 24 hours, trading above $0.4 on CoinMarketCap.
- Bluzelle project provides AI, SocialFi, GameFi, and more solutions to store, sell, and safeguard content.
Bluzelle (BLZ) token managed to surge more than 20% in the past 24 hours in a volatile crypto market that has been fluctuating a lot recently, with Bitcoin halving around the corner and intense geo-political events taking place.
Bluzelle is a decentralized storage network for the creator economy.
At the moment of writing this article, BLZ is trading above $0.4, up by almost 23% in the past 24 hours on CoinMarketCap. BLZ’s market cap is about $180 million.
A couple of days ago, on April 16, Bluzelle posted on its X account that users can connect with the world via decentralized storage with DePIN.
The team notes that by hosting nodes, they can become part of a global network while earning rewards in BLZ.
https://twitter.com/BluzelleHQ/status/1780284505476964822
DePIN has been gaining popularity lately and there’s been a surge in interest involving such projects.
DePIN involves taking real-world infrastructure like a wireless network and running it with a blockchain-powered system. According to data from CoinGecko, the DePIN market cap today is $22.6 billion.
A portfolio manager of VanEck’s digital assets alpha fund said in a recent interview that they believe DePIN projects represent a category that has the potential to host “a killer app with a billion users.”
He continued and said that these users would be using public blockchains without necessarily realizing that they are interacting with a crypto product.
What is Bluzelle (BLZ)?
Bluzelle is a decentralized storage network for the creator economy. Pavel Bains and Neeraj Murarka founded Bluzelle to address the fragmented data link in the blockchain and DeFi space.
Bluzelle offers high security and enhanced availability, and it is censorship-resistant.
Whether you are an artist, musician, scientist, publisher, or developer, Bluzelle protects the intellectual property of all creators. Bluzelle is data storage, file storage, oracles, and more. It is specific for NFTs and DeFi.
Bluzelle’s core products are all related to data and powered by its Tendermint Blockchain:
- Bluzelle DB – a decentralized database for software developers to store information
- Bluzelle Oracles – a truly decentralized pricing oracle that provides high speed and high security for Defi applications
- Bluzelle Staking – where BLZ holders can currently stake their tokens and earn rewards for providing storage and pricing data.
BluzelleNet powers the entire ecosystem as a 10,000 TPS Proof-of-Stake network. Becoming a validator was designed to be an easy process with minimal technical knowledge.
