[PRESS RELEASE – Zug, Switzerland, 22nd September 2022]
Introducing multiple technological advancements, SupraOracles is excited to announce its new cross-chain oracle infrastructure that enables highly accurate and robust data porting across a multitude of blockchains and DLTs with just 3-5 seconds to complete. Now with over 550 integration partners signed on, they are officially announcing the launch of their Alpha testnet as they move towards the mainnet in early 2023.
To drive the momentum, Supra has partnered with Dorahacks, the host of BNB Grants and BNB Global Hackathons, sponsoring and providing its oracle service to over 4,000-5,000 developers worldwide. Developers interested in adding this new institutional-grade oracle to their Web3 toolkit are invited to apply for the Supra Network Activate program: https://join.supraoracles.com/network-activation-program
Oracles play a key role in Web3 projects. Developers need oracles to securely connect their decentralized applications (dApps) with timely and accurate data from other blockchains or real-world sources. This opens up a world of use cases such as exotic derivatives backed by real-world assets, options markets, multilateral clearing and settlement via public blockchains and DLT networks, which are otherwise simply not feasible with the current oracles.
Supra’s doctorate-driven research team, led by the renowned Dr. Aniket Kate, has prioritized a number of new principles in its design that bring a new gold standard for how oracles should work. The most important is the security of the core data, the decentralization of nodes and consensus, the auditability of the provenance of the data and a profitable and predictable budget for consumers.
With these innovations, Supra has received recognition from Web3 incubators such as Mastercard’s Start Path program, Berkeley Blockchain Xcelerator, and Silicon Valley’s Plug and Play, who recently named Supra among their top 10 emerging Web3 projects.
Supra is approaching the launch of its incentivized test network in the fourth quarter, with a roadmap that includes activities for developers to start their tests:
- 2022 Early October: Release of Dashboards, documentation for Ethereum, BNB Chain, Polygon, Avalanche, Aptos testnet chains
- 2022 Late October: Supra VRF service documentation
- November 2022: Release of the addition of node operators
- December 2022: Testnet incentivized live, white papers presented
- 2023 Q1: Mainnet goes live
Node operators interested in learning about Supra’s block rewards and incentive programs are invited to join the Discord community to learn more: https://discord.io/supraoracles.
SupraOracles CEO Joshua Tobkin commented, “We’ve built oracles that will certainly exceed typical expectations of cross-chain solutions, and we’re proud to introduce a world-class product to the industry to help blockchains do even more incredible things.”
About SupraOracles
SupraOracles is supercharging oracles for a better, decentralized future. Blockchains need better, faster, more accurate and more secure off-chain data. SupraOracles offers a next-generation cross-chain oracle solution to make smart contracts and blockchain applications work better.
After more than 5 years of research and thousands of hours of R&D and simulations, SupraOracles revolutionary technical breakthrough helps solve the Oracle dilemma while improving performance across the board. The team’s academic mindset underpins the organization and reinforces their commitment to deep research and a rigorous scientific process in everything they design and build.
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