Flipside Crypto, the leading business intelligence firm for cryptocurrency and blockchain organizations and Prysm Group, the leading economic consulting firm for blockchain implementations, announced today a partnership to deliver real-time economic analytics for Crypto Projects.
In addition, they are announcing the first customer, The Open Application Network (OAN), a public infrastructure for Open Apps which give control, privacy, and ownership back to their users, and which utilizes the token AION to enable transactions and network security.
Flipside Crypto and Prysm Group have developed the Economic Suite, a series of visualizations to enable the real-time tracking of economic outcomes measuring platform and ecosystem health. The Suite includes several categories of metrics that provide actionable insight into token movement and price drivers, validator compensation and consolidation, and transaction fee fluctuations.
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“We are thrilled to partner with Prysm Group to develop the Economic Suite.” Said Dave Balter, CEO of Flipside Crypto. “Their expertise in blockchain economics is unparalleled, and their ability to design effective economic analysis has enabled the successful launches of numerous blockchains. Matched with Flipside’s ability to track token movements and visualize results has provided a much-needed solution for blockchains seeking to drive user adoption and operator success.”
Projects using the Economic Suite will be able to judge real-time effects of network adjustments via performance indicators; for example, a network that increases its validator rewards will be able to observe its impact on the level of consolidation.
“We are excited to announce the Economic Suite together with Flipside Crypto, whose chainwalking process unlocks the granular data network developers often lack access to.” Said Dr. Cathy Barrera, Founding Economist at Prysm Group. “The Economic Suite utilizes this industry-leading access to build out a set of variables that deliver true economic insight into crypto projects’ real-time functioning for the first time.”
“When we heard about the Economic Suite from Prysm Group and Flipside Crypto, we jumped at the chance to get involved.” Said Sam Pajot-Phipps, Head of Strategy at The OAN Foundation. “We’ve worked independently with both organizations and couldn’t imagine a more effective partnership. Bringing together Prysm Group’s deep expertise in blockchain economics and Flipside Crypto’s data analytics capabilities provides robust frameworks to facilitate data driven decision-making.”