Covalent (CQT) accelerates blockchain innovation in collaboration with the University of Calgary

Covalent (CQT), a leading Web3 data indexer and provider, announces a groundbreaking collaboration with the University of Calgary – marking an important milestone in advancing blockchain data research and access. As the first academic institution to join Covalent as a validator, this collaboration not only expands its network, but also reinforces its commitment to education and innovation in the Web3 space.

As a validator, the University of Calgary is willing to receive CQT staking rewards to support valuable research initiatives. Covalent kicks off this collaboration by donating 175,000 CQTs to the university, equivalent to approximately CAD $44,000, demonstrating its commitment to supporting academic pursuits and encouraging innovation.

Led by Dr. Alfred Lehar, Distinguished Professor of Finance at the Haskayne Business School, the partnership is not an academic venture, but a collective move toward Web3 adoption. By integrating the University of Calgary as a validator, Covalent democratizes access to blockchain data and research capabilities. This aligns with Covalent's broader vision, ensuring that educational and research benefits are spread across a range of academic institutions. Dr. Lehar's expertise, along with his research team, will contribute to the expansion of the Covalent network, providing invaluable insights for academic research and student learning.

A quote from Ganesh Swamy, Co-Founder and CEO of Covalent

“The future of blockchain depends on the immediate availability of live and historical data in multiple formats that will be stored long into the future, not just the last 15 minutes. Dr. Alfred Lehar and his team will help make this vision a reality.”

Unlock the power of Covalent's Unified API

At the heart of this collaboration is Covalent's Unified API, a powerful tool that facilitates seamless access to real-time and historical blockchain data. The Unified API serves as a gateway for university researchers, students and developers to gain insights from over 200 blockchains indexed by Covalent. This not only facilitates blockchain research, but also lays the foundation for a standardized way of accessing historical data.

Covalent is revolutionizing data access for academia

While blockchain data is publicly available, it presents challenges of access and interpretation. Dr. Lehar's team plays a key role in accessing, transforming and providing this complex data in a user-friendly format. The Covalent Network offers users access to network activity including transactions, game tasks, and other data points.

Dr. Alfred Lehar is a professor at the University of Calgary's Haskayne School of Business

“For us, it's an opportunity to show students this cutting-edge technology, develop a new economy, and collect data that will continue our in-depth research.”

Already a leader in empirical blockchain financial research, the University of Calgary's collaboration with Covalent aims to further explore the intersection of finance and technology. Insights from Covalent's blockchain data will contribute to ongoing research on how blockchain mechanisms can improve the efficiency of financial institutions.

This collaboration demonstrates Covalent's commitment to decentralizing education, fostering innovation, and ensuring that the transformative potential of blockchain technology is harnessed by academic communities around the world. Together, Covalent and the University of Calgary are building a future where decentralized learning is the cornerstone of academic inquiry and advancement.

About covalent

Covalent powers the data layer on the blockchain, enabling millions of users to create a new economy. It stands out for its deep commitment to democratizing access to blockchain data. Since its inception, Covalent has been helping developers, analysts, and enthusiasts with comprehensive, real-time data. 200 blockchains. Learn how covalent bonds are formed The Ethereum Wayback Machine.

About the University of Calgary

UCalgary is Canada's entrepreneurial university, located in Canada's most entrepreneurial city. It is a top research university and one of the highest ranked universities of its era. Founded in 1966, its 35,000 students experience an innovative learning environment enriched by research, hands-on experience and entrepreneurial thinking. This Canada's leader in building startups. Start something today at the University of Calgary.

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