Streamr (DATA) Streamr is an open-source project creating a p | Crypto Great | Bitcoin | DeFi

Streamr (DATA)

Streamr is an open-source project creating a platform and tools for the world’s real-time data to be owned and traded by the community.

The team has been working towards fully decentralizing the network, but to achieve that Streamr needs to turn the project over completely to the community.

In the previous build of the mainnet, Corea, the Streamr team controlled all the nodes in the network.

That changed in February with Brubeck. Now, anyone around the world can connect, run a node, stake and earn DATA tokens for powering the network.

On April 4, the first full month of Streamr Brubeck mainnet staking rewards were distributed. 1,617,000 DATA (worth around $200,000) were distributed to around 2,200 participants. The average APR in March was 144%.

Data being able to flow peer-to-peer , without the possibility of a third party accessing or restricting it, is a powerful tool that removes a key point of failure in centralized networks. With Streamr we can start to see how the future of monetization of data for automated services will work in a truly decentralized way. With Streamr, anyone can contribute to a network and provide the same services at a much lower cost and receive rewards. Streamr is a disruptive technology, and DATA will be in high demand as staking DATA is required to run a node and serves as the utility that powers the Streamr ecosystem.