[PRESS RELEASE – Zug, Switzerland, 22nd September 2022]
Introducing multiple technological advancements, SupraOracles is pleased to announce its novel cross-chain Oracle infrastructure that enables high-precision and robust data transfer across a multitude of blockchains and DLTs with just 3-5 seconds to completion. Now, with over 550 integration partners signed, they officially announce the launch of their Alpha testnet as they move to mainnet in early 2023.
To further the momentum, Supra has partnered with Dorahacks, the host of the BNB Grants and BNB Global Hackathons, by 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 to 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 originating from other blockchains or real-world sources. This opens up a world of use cases, such as exotic real-world asset-backed derivatives, options markets, multilateral clearing and settlement via public blockchains and DLT networks, that would otherwise simply not be feasible with current oracles. .
Supra’s Ph.D.-driven research team, led by renowned Dr. Aniket Kate, has prioritized a number of novel principles in its design that provide a new gold standard for how oracles should work. The most crucial are core data security, decentralization of nodes and consensus, auditability of data provenance, and profitable and predictable budgeting 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, which recently named Supra among its Top 10 Most Promising Web3 Projects.
Supra is nearing the launch of its incentivized testnet in Q4, with a roadmap that includes activities for developers to start their tests:
2022 Early October: Data Dashboards Released, Documentation for Ethereum, BNB Chain, Polygon, Avalanche, Aptos Testnet Chains 2022 End of October: Supra VRF Service Documentation 2022 November: Node Operator Onboarding Released December 2022: Testnet incentivized live, whitepapers filed 2023 Early Q2: Mainnet goes live
Node operators interested in learning about Supra’s block rewards and incentive programs are invited to join the Discord community for more information: https://discord.io/supraoracles.
SupraOracles CEO Joshua Tobkin commented, “We have created oracles that will undoubtedly exceed the typical expectations of cross-chain solutions, and we are proud to introduce a world-class product to the industry to help blockchains do even more incredible things.”
SupraOracles is supercharging oracles for a better, decentralized future. Blockchains need better, faster, more accurate and more secure off-chain data. SupraOracles provides 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 Oracle’s dilemma while improving performance across the board. The team’s academic mindset forms the foundation of the organization and reinforces their commitment to deep research and a rigorous scientific process in everything they design and build.
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This post SupraOracles Releases Roadmap for Mainnet by Initiating 550 Signed Web 3 Project Integrations
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