Enigma, a decentralized data marketplace protocol for crypto investing and trading announced a strategic partnership with new digital asset exchange and payments processor, KyberNetwork. This collaboration focuses initially on initiatives around Enigma’s product, Catalyst, a machine-based investing platform and trading infrastructure for digital assets. Catalyst, currently available to test in its alpha version, will be used to support reserve operators on KyberNetwork, while KyberNetwork will integrate with Catalyst as a data provider and as an exchange service.
The primary aim of the Enigma protocol is to return to the original vision of the internet and create a single, open-sourced protocol for permanently storing, sharing and processing of data. Enigma is building a decentralized, scalable blockchain data marketplace for the web by building a necessary second-layer, off-chain network. Through this unique infrastructure, Enigma aspires to fix the biggest flaws of blockchain — scalability and privacy.
“Enigma has an ambitious goal to build a protocol that can support mass adoption of decentralized applications. As a first step, this partnership will help build momentum and acceptance of the Enigma protocol, working toward our goal of democratizing data. All of us at Enigma have tremendous respect for the KyberNetwork team and their view for the future of decentralization. Our companies are excited to work towards future strategic initiatives and believe this sets a strong precedent for our other partnerships in the space.”
“Our partnership with Enigma solidifies our aspiration to be the leader in the crypto-asset exchange sector. With Enigma’s vision, their deep understanding of blockchain technology and the power of Catalyst, this collaboration is expected to spark innovation and additional research into the intricacies of trading behavior. In so doing, we hope that our efforts can close the gap between data demand and supply, and empower effective and efficient use of data.”
Enigma and KyberNetwork aim to change how data is used and to realize the full potential of the blockchain economy. The number of unique crypto-assets circulating in the market will expand as the sector continues to mature. Enigma and KyberNetwork’s continued evolution and collaboration will seek to ensure state of the art infrastructure for the transaction of crypto-assets in the future.