Envelop is entering into a technical partnership agreement with DotOracle
Envelop, a flexible cross-chain toolset able to give any NFTs new functionality such as economic set-up, on-chain royalties, rental mechanism, time/value/event-locks, protection of devaluation, and the anti-fraud system is proud to announce that it is entering into a technical partnership with DotOracle, a decentralized network that allows connecting the real world to the Polkadot ecosystem by providing a decentralized oracle service to transfer information from the real world to Polkadot in real-time.
DotOracle will provide the price for the NFT on Envelop’s platform. When it gets to Envelop’s benefits, DotOracle’s activities should be taken into a consideration. DotOracle does 2 things: connects Polkadot with external data sources and makes a decentralized liquidity bridge between Polkadot and Ethereum. ENVELOP is useful to become partners with when making a decentralized liquidity bridge, where liquidity can be acquired in one blockchain and a similar one can be issued in another one through wNFT.
Nguyen Bui, CEO of DotOracle noted: “Entering a partnership with Envelop is very important to us. Providing oracle price for the NFT on Envelop platform with cheaper price would benefit Envelop users and the platform.”
Alexander Shedugubov, CEO of Envelop, commented on the partnership: “Envelop’s partnership with DotOracle increases endless opportunities for the platform. It’s a true type of mutually beneficial collaboration — I can’t wait to get started.”
ENVELOP is a cross-chain protocol that utilizes NFT as storage for cryptocurrencies or additional NFTs in a process called “wrapping.” Using the protocol, it’s possible to add any digital asset inside NFTs. The assets, also known as collateral, can range from static to dynamic, with custom programmable fees charged with every transaction and stored into a vault for later withdrawals.
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Twitter CEO: https://twitter.com/aleks_env
DotOracle proposes a decentralized network that allows connecting the real world to the Polkadot ecosystem by providing a decentralized oracle service to transfer information from the real world to Polkadot in real-time. Moreover, DotOracle also aims to create a liquidity network layer that transfers digital assets back and forth between Polkadot and other smart contract platforms, especially Ethereum.
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