Presearch, a decentralized privacy-focused search engine, has announced a partnership with the leading NFS (non-fungible token) market OpenSea to drive the growth of the Web 3.0 ecosystem for all.
The Presearch network is supported by a community of node operators and sponsors who are rewarded with Ethereum-based PRE tokens to increase network activity.
The platform has 2.7 million registered users and 3.5 million searches per day, according to a detailed analysis in the company’s release.
Cointelegraph spoke with Presearch founder Colin Pape to gain an exclusive insight into the inspiration behind OpenSea integration, as well as the precedent these platforms set for the cryptocurrency ecosystem:
“While many of our users are cryptocurrency enthusiasts, we also have many artists and players, and now they also spend more time in the NFT meta-verse. With this release, Presearch is the easiest way for them to find and access all the results they want, including NFT details. ”
Following the integration of CoinMarketCap in early October and now OpenSea – with a recent average transaction volume of 100,000 users and a transaction volume of between $ 80 million and $ 100 million per week – the platform has expressed its firm intentions to integrate a number of other popular NFT marketplaces into near future. future.
In September, Presearch became the first cryptocurrency-focused search engine to be listed as the default for new Google-powered Android devices and Android factory presets in Europe and the UK.
In 2018, the EU antitrust authority found Google, the world’s most popular Internet search engine, guilty of violating fair competition laws by incorrectly promoting the search engine monopoly on Android devices.
The consequences of these findings resulted in a record fine of 4.24 billion euros ($ 4.2 billion), far more than the previous record fine of 1.06 billion euros ($ 1.2 billion) imposed on another technology company, Intel in 2009. year.
In response, Google had to make a number of changes to its browser settings; This includes increasing the number of standard search engines that appear visually in a user’s list of options, and removing payment requirements as a way to improve rankings.
Related: Decentralized search engine becomes the default option on European Android devices.
The platform’s original token, PRE, which acts as a token for features including keyword aggregation and search incentives for registered users, grew by over 1000% during September and mid-October, from around $ 0.04 to an all-time high of 0, $ 44.
This increase in asset values was driven in part by positive fundamental factors such as the announcement of Android.
Towards the end of the conversation, Cointelegraph asked Pape to share his views on the importance of platforms and companies that work with or use decentralized structures when cryptocurrencies hit the regular market. And he answered:
“Decentralization is at the heart of the blockchain, openness, interoperability, ownership and the lack of gatekeepers inherent in the blockchain is what makes NFTs so different and so valuable. […] It is important to maintain these qualities and this spirit, and by connecting decentralized platforms and communities with NFT, we want to ensure that this amazing technology is chosen by Big Tech for more than just their own benefit. ”