CQT integrates with Celo to promote Web3 next-generation real-life asset solutions

Author: Black Mario

Covalent Network (CQT) is a unified blockchain API provider , which has been officially integrated with Celo, a mobile-first EVM-compatible chain. This important milestone aims to empower developers in the Celo ecosystem to lead innovation in real-world applications in Web3 by granting them access to critical on-chain data. The new integration with Covalent Network (CQT) provides users with growing data from over 225 blockchain indexes and contributes to the data enrichment of over 240 million wallets.

Developers building applications on Celo can now access its fully indexed on-chain data through Covalent Network’s (CQT) unified API. The Unified API serves as a tool designed to provide seamless access to real-time as well as historical blockchain data, serving as a conduit for the various capabilities Celo leverages, including user-friendly blockchain APIs, standardized readable transactions, fast data retrieval, and scalability infrastructure. With this integration, Celo gains the ability to explore and extract insights from more than 225 blockchains indexed by Covalent Network (CQT), while decoding more than 100 billion transactions.

Covalent Network (CQT) Synergetic Growth & Customer Success Director David Tso said: "Celo is a mobile-first blockchain with a global focus. Fast, low-cost payments. With the launch of Covalent Network (CQT) on Celo, developers in the Celo ecosystem can access all the on-chain data they need to build a new generation of real-world solutions."

Celo, as a global payment infrastructure for cryptocurrency, prioritizes providing financial transaction convenience to mobile users around the world. The main goal of the platform is to provide globally accessible payment options through any mobile number, enabling users to conduct fast and smooth transactions regardless of geographical restrictions and traditional financial systems.

As a first-layer network compatible with the Ethereum Virtual Machine (EVM), Celo is designed for fast and low-cost payments, allowing deployment and execution smart contracts while maintaining their security and trustworthiness. The Celo blockchain is derived from Ethereum code and remains fully compatible with the EVM, promoting portability and interoperability between the two blockchains.

This strategic integration positions Covalent Network (CQT) as a catalyst for Celo’s growth, enabling developers to fully leverage blockchain data to optimize operations, improve user experience and ensure the security of the Celo ecosystem. The integration of Covalent Network (CQT) and Celo marks a turning point in the blockchain space, fostering innovation and collaboration, empowering developers and driving adoption of real-world solutions. As both platforms evolve, this integration sets the stage for transformative developments that will shape the future of decentralized applications and blockchain technology.

About Covalent Network (CQT)

Covalent (CQT) ) has created the largest data availability layer in Web3, enabling millions of users to build new economic products in the fields of AI, big data and DeFi. It is deeply committed to democratizing data acquisition by making structured data accessible to everyone through a unique unified API. As a core component of the DePIN ecosystem, Covalent Network (CQT) provides developers, analysts, innovators, and thousands of customers with comprehensive, real-time access to more than 225 blockchains and growing data .

About Celo

Celo is a member of the Web3 community Outstanding projects focused on advancing ESG (environmental, social and governance) initiatives through blockchain technology. With a mission to build a regenerative digital economy that creates conditions for prosperity for all, Celo is committed to creating a carbon-negative, mobile-first, EVM-compatible blockchain suitable for real-world applications.