Part of the Web3 infrastructure and backbone that every project needs is integration. These integrations may add an entire chain to use your protocol, or you may want the most popular wallets to have easy access to your dApp. PARSIQ is one of the leaders in this type of Web3 infrastructure.
The truth is the developer of the blockchain project love PARSIQ and its products. Every project needs these integrations and other ways to communicate with other projects, apps, and tools. PARSIQ has two powerful API solutions for many of these problems.
In this article, we’ll look at five specific use cases that benefit your projects using the PARSIQ tool.
Get the wallet endpoint API
PARSIQ achieves these goals using APIs. They have two main products:
- Tsunami API
- and data lake
Both will help you get what you need for your project. Like fast wallet data access.
PARSIQ’s Get Wallet Endpoint API allows cryptocurrency projects such as portfolio trackers to quickly obtain wallet data. This eliminates the need to search Etherscan or other block explorers to find what your wallet address holds.
Speed is important if your app uses fast wallet data to ensure your users get the best experience. And PARSIQ’s API is fast.
Besides being fast, this wallet endpoint can only be used in wallets. This makes it simpler, more efficient, and less likely to cause outages or bugs when your app users need this data.
Fast, accurate data for DeFi
We’ve already talked about speed, but what most apps need is fast, accurate data. In the example in this article: You can see that this revenue aggregator needs data quickly. Track rapidly changing balances in liquidity pools, monitor unusual events, and more. For example, if a hack occurs, the sooner your developer team knows, the better. And your funds are safer.
Or what happens if there is a large withdrawal from the liquidity pool? It could be something or it could be nothing. However, PARSIQ monitors dApps to ensure that the development team is aware of this and can act accordingly.
Instant blockchain data for AI feeds
AI is currently using too much computing power. A chip war is underway to create chips that are fast and powerful enough for AI. Especially for image rendering. But what if a large language model (LLM) needs to retrieve an image when a user asks ChatGPT or Claude a question? AI and AI-enabled app builders require quick access to blockchain data when users use ChatGPT as their query system.
With near-instant information on many chains and various APIs or endpoint access points, AI apps have tons of data at their fingertips. And that’s exactly what users want.
Improving the UX of blockchain games
Games also require fast integration. In the end, they often need to incorporate:
- wallet
- one or more chains
- account ID
- Access to player weapons and equipment.
And everything has to be fast. If a player gets attacked in a game and has to wait two minutes to get to their sword to counterattack, it’s too late.
He’s dead.
All of this data must be quickly available and accessible. Without this, blockchain games will never be able to compete with fast Web2 legacy games. This will allow them to attract Web2 gamers to come and try blockchain games.
Blockchain “App Store” data
PARSIQ has entered into a new partnership with Magic Square. In this partnership, PARSIQ tools will help the app store improve its user experience. Better navigation and easier search and indexing help users quickly find the apps they want. In the end, searching for games or other dApps in the app store is not much different from other types of queries that PARSIQ specializes in. But in this case, these searches are essential to the success of Magic Square.
conclusion
You’ve probably noticed that we’ve talked a lot about speed in this article. Users want things to happen quickly, so development teams need to deliver them quickly. In this way, what developers need and what users need are not very different.
It’s easy to forget, especially if you’re not technical, that blockchain data is just a series of 1s and 0s. It takes a lot of time to organize this data and make it accessible to DeFi apps or games. However, this is essential for mass adoption. The Uniswap and Axie Infinitys of the world do not compete with other DeFi and gaming platforms. They are competing with the existing Web2 legacy versions of these things. And PARSIQ’s infrastructure is giving them the tools they need to fight and win.
disclaimer
Information discussed on Altcoin Buzz is not financial advice. It is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relative to the risk tolerance of the author/reviewer, whose risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of investments made directly or indirectly in connection with the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please exercise caution. This post was written with support from PARSIQ.
Copyright Altcoin Buzz Pte Ltd.