PolkaRare partners with Paralink Network to integrate Multichain oracles into its NFT platforms
PolkaRare is excited to announce its collaboration with Paralink, a parachain with oracle quorums for Polkadot, providing reliable and trustworthy data sources to other parachains, such as real-time price feeds for decentralized markets.
PolkaRare is a web3 economy that allows any user or a brand to create, trade, and discover NFTs.
The collaboration will be important to PolkaRare’s NFT platform since Paralink’s oracle integration will ensure provably fair minting & exchange rates across its ecosystem. PolkaRare will also wrap identities with NFTs using Paralink’s oracle solutions.
NFTs and Decentralized Oracles
Without accurate, reliable, and decentralized data feeds, blockchain applications such as prediction and derivatives markets cannot perform calculated actions as any corruption in price and data feeds can result in large financial losses. Paralink Network aims to solve this through its multichain oracles using an on-chain consensus algorithm, running on Polkadot Substrate.
PolkaRare is an economy for unique and scarce digital assets. It allows any user or a brand to create, trade, and discover NFTs. By leveraging NFT’s provable scarcity, transferability, and unique product offerings, PolkaRare aims to unlock the maximum potential of NFTs.
With Paralink’s multi-chain oracles and price feeds, PolkaRare will be assured of provably fair minting & exchange rates for its NFT platform. Additionally, PolkaRare will wrap identities with NFTs, while Paralink monetizes the info and sends them through the various off-chain and on-chain data operationalization and monetization journeys. PolkaRare will also have a data feed on PRARE pNFTS (people NFTs).
About PolkaRare
PolkaRare is a web3 economy that allows any user or a brand to create, trade, and discover NFTs. PolkaRare provides a suite of tools to unlock the full potential of NFTs through commerce and trading markets.
About Paralink Network
Paralink Network offers a multi-chain oracle platform for Defi and other blockchain applications. Applications that require the highest degree of security can use Paralink’s on-chain consensus algorithm, running on Polkadot Substrate. Paralink’s flexible node design allows developers to query for real-world events, sports, weather, random numbers, and more.
👥 Our Official Social Media Links
Website | Telegram | Announcements | Twitter | Facebook | Instagram | LinkedIn | Medium | Vietnam Community | CoinMarketCap | CryptoRank | CoinGecko
