Figment announced that they have acquired Rated, the provider of staking and validator analytics. By joining with Figment, they can carry forward and scale the important work that the Rated team has done in ore to bring more clarity, standards, and maturity to the digital assets staking industry. Their stated vision is to bring the world onchain, beginning with crypto staking, and a vital aspect of making that happen is “transparency.”
Many individuals and firms are now staking their crypto-assets for the first time ever, and it’s crucial that they shine a light on the “inner workings” of staking, rewards, and node operators to move the industry forward in a meaningful manner.
With Rated, Figment customers and partners will be able to get access to various staking rewards data, validator analytics, and onchain insights.
They plan to continue to invest in the products, gather customer feedback, and continue with the Rated mission.
For the community, they also intend to continue operating the Rated Explorer and API. Similarly, they will aim to get feedback and invest resources in the development of these publicly available products.
For digital assets staking’s continued expansion, it needs data integrity and standardization – for all participants from fund managers to auditing service providers.
They intend to provide access to this “critically important” data in more and more places to help grow the nascent onchain economy.
Together with Rated, we will now continue to build the “highest” integrity staking and blockchain infrastructure “trusted” by institutions worldwide.
As covered, Figment is the provider of staking infrastructure for the web3 and crypto ecosystem.
Figment explains that it provides the comprehensive digital assets staking solution for more than 1000 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their crypto-assets.
During the past few years, digital assets staking has become increasingly common. Centralized crypto platforms such as Coinbase, Kraken, and Gemini (among many others) offer accessible staking services for retail investors. There are numerous ways to stake crypto to earn returns on one’s digital currency holdings.