Thread by @KYVENetwork

1/ Happy Wednesday KYVE-ers, it’s time for another #fromtheArKYVE!

Being a Web3 data lake, there are an unlimited amount of ways KYVE can help the data world evolve.

That's why today, we’re diving into KYVE’s use cases, as well as what future ones might look like 👀⬇️

2/ The classic KYVE use case is archiving data from L1 & L2 projects. But what does this actually do?

Our protocol opens the doors to numerous, more specific use cases for each role & sector in the blockchain ecosystem. Let's break these down ⤵️

3/ One would be those within blockchain foundations themselves.

By integrating KYVE, network participants can more easily access the on-chain data in order to make overall participation easier. For example nodes can be a lot lighter, not having to store all of the data at once.

4/ KYVE’s Web3 data lake is also an excellent resource for validators who want to prune their nodes or fall back on validated, secure data.

‼️ This is important in order for validators to avoid slashing & or improper voting in general.

5/ DApps rely on data as well in order to build their projects.

For example, a DeFi project can integrate on-chain data to better track user trends such as trading frequency, preferred trading assets, & so on.

In these situations, having easy access to valid data is essential.

6/ KYVE also applies to indexers. 📄

Before KYVE, indexers had to have "physical" copies of all data available, which could take a long time to go through, or could also be out of date.

Now, KYVE downloads this data & validates it, making it more easily accessible.

7/ With data accessibility issues increasing each day, the use cases for KYVE are truly unlimited & our team is enjoying discovering new ones each day. A few we have in mind:

💡 Accessing data through GraphQL
💡 Storing financial pricing data
💡 Archiving Web2 data

8/ Want to take part in discovering new KYVE use cases?

Join our Discord & chat directly with our team ⬇️
discord.com/invite/kyve