Nuklai's objective is to unseal the dormant potential of global data within our collaborative smart data network. To accomplish this, we are creating partnerships that enrich our community with high-quality data sources, as we have done with the Big Data Protocol.
As part of our Hypergrowth Phase, we have just solidified another partnership, this time with Xplorisk, a Web3 crypto risk management and mitigation platform. Xplorisk combines cutting-edge technology and in-depth knowledge of the Web3 space to perform continuous risk assessment of crypto entities and infrastructure and their relationships. The automated risk assessment process involves identifying assets, auditing smart contracts and infrastructure, monitoring transactions and blockchain activity, and analyzing behavior.
Nuklai is now Xplorisk's new distribution partner for relevant crypto data. Our data curators will transform this data into high-value smart data for use in Web3 and DeFi. Our partnership also gives Xplorisk access to Nuklai’s decentralized computational network that supports the development of private data networks and monetizes smart data.
“Our mutually beneficial partnership shows how Nuklai offers new and unexpected benefits to great data-driven companies. Another clear win-win-win scenario,” Jochem Herber, Head of Ecosystem at Nuklai.
Xplorisk is a known player in the Web3 scene and is part of the FinSec Innovation Lab by Mastercard. They also won 1st place amongst 110 other projects in the TLV Vali accelerator Iron Startup Program.
Turning Dark Data to Smart Data and Intelligence
At least one-half of all business data is dark or single-use data. So, companies underuse the data they store, as they cannot keep pace with its collection or analysis.
Xplorisk has close to a decade of experience in crypto risk mitigation. Their proprietary engine monitors over 60 blockchains, supporting crypto financial activities like DeFi deployment, staking, and exchange trading.
On top of that, they help Web3 businesses manage and mitigate risk by, for instance, analyzing significant wallet actions and pinpointing red flags.
As they secure the integrity of the Web3 and crypto space, they have gathered valuable data like whale wallet addresses and airdrop data. This data is essential for developing LLMs and AI programs within the crypto space. For example, crypto market tracking tools track whale wallet activity. Whale wallet actions on exchanges, for instance, can be an indicator of a mass sell-off, or other key market dynamics.
Xplorisk is partnering with Nuklai’s collaborative smart data ecosystem to put their data to work for innovation and machine-learning applications. Nuklai’s community contributors will repurpose Xplorisk's whale wallet and airdrop wallet data available within the Nuklai platform. They will merge it with matching data points in other databases, turning it into invaluable data for different use cases.
Our community contributors also standardize raw data by ensuring its context, quality, and content are trustworthy. Their actions break down data silos making idle data discoverable, usable, and accessible.
Afterward, LLMs can access deeply enriched metadata, turning it into invaluable conversations for different use cases. We look forward to expanding our data sources with Xplorisk’s data and enhancing its value beyond its original scope.
Snir Levi, Xplorisk Co-founder and CTO:
“Xplorisk focuses on providing stakeholders with the necessary data, context, and intelligence to enhance productivity and minimize risks. By leveraging Xplorisk, you can expedite fund deployment and conduct ongoing due diligence on counterparties, effectively improving your operations and, ultimately your bottom line.”
About Xplorisk
Xplorisk is an Automated and Continuous Web3 Risk Mitigation platform. It gives TradFi, CeFi, and DeFi compliance and security officers visibility over their organization's assets, counterparties, and infrastructure.
They also automate compliance certification and processes such as ISO 27001, SOC 2, and DORA, bridging certification knowledge gaps and optimizing results by lowering risks.
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About Nuklai
Nuklai is a collaborative data marketplace and infrastructure provider for data ecosystems. It combines the power of community-driven data analysis with the datasets of successful modern businesses. The marketplace allows grassroots data enthusiasts and institutional partners to find new ways to use untapped data and generate new revenue streams.
Our vision is to unify the fragmented data landscape. We fulfill this mandate by providing a user-friendly, streamlined, and inclusive approach to sharing, requesting, and evaluating data for key insights.
We also provide better processes and new business opportunities, empowering next-generation large language models and AI.
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