2022 looks to be a transformative year for the cryptocurrency ecosystem as the focus on interoperability between siloed blockchain networks comes to the forefront and a multitude of projects announce plans to interconnect their platforms with other protocols. One sector of the crypto ecosystem that will play a vital role in ensuring smooth communication and interaction between … [Read more...] about Oracle tokens turn bullish as blockchain projects focus on interoperability
Oracle
Umbrella Network launches $15M oracle accelerator program
Decentralized oracle service Umbrella Network has launched a new accelerator program for projects looking to build data pipelines to the cryptocurrency market, a process that many within the industry believe is necessary to grow the emerging domains of blockchain gaming, DeFi and the Metaverse. The $15 million accelerator program intends to fund companies that are bringing new … [Read more...] about Umbrella Network launches $15M oracle accelerator program
Ex-Google CEO Eric Schmidt Joins Oracle Provider Chainlink as Strategic Advisor
Former Google CEO Eric Schmidt has joined Chainlink Labs as a strategic advisor, the blockchain project announced Tuesday.Chainlink develops oracle networks to connect real world data with smart contracts built on blockchains.Using node operators such as Deutshe Telekom’s T-Systems, Swisscom and the Associated Press, Chainlink’s network triggers and secures more than $80 … [Read more...] about Ex-Google CEO Eric Schmidt Joins Oracle Provider Chainlink as Strategic Advisor
Brazil’s Central Bank Says Local B3 Stock Exchange Could Be Oracle of Its CBDC
Brazil’s B3 stock exchange could serve as the information oracle for the smart contract system of a digital real (CBDC), according to the Central Bank of Brazil (CBC).Mardilson Queiroz, part of the CBC’s department of financial system regulation, said that B3 could act as one of the system’s “oracles”, creating a bridge between external data and a digital real, Cointelegraph … [Read more...] about Brazil’s Central Bank Says Local B3 Stock Exchange Could Be Oracle of Its CBDC
Oracle platform DIA pioneers DRM system for NFTs
In a press release shared with CryptoSlate, DIA announced ‘ARTs’ — a form of digital rights management (DRM) for non-fungible tokens (NFTs). That’s a lot of acronyms to pack in, but in essence, this means DIA has developed a system for embedding data rights directly into digital collectibles.The ramifications this could have for the burgeoning NFT economy are extensive, … [Read more...] about Oracle platform DIA pioneers DRM system for NFTs