LuxFi Partners with SupraOracles, The Blockchain Oracle Infrastructure
It is with great excitement that we are today introducing SupraOracles as our Partner!
The team at SupraOracles is no stranger to innovation; as a cross-chain oracle working to connect data from external sources with the blockchain, their stated company mission is clear: “to build the highest-performing blockchain infrastructure to power the world’s value exchange.”
LuxFi and SupraOracles are exploring ways to collaborate in order to assist in designing the future of the luxury NFT. LuxFi may accept SupraOracles’ token (when launched) as a payment method among other cryptocurrencies in LuxFi’s NFT Marketplace. SupraOracles aim is to build better decentralization; better scalability; better speed; better finality and better interoperability and their groundbreaking designs are substantiating themselves at every stage of their roadmap.
As the flagship project of the Swiss-based Entropy Organization (CHE.383.364.961), SupraOracles’ multi-helix ledger and DeFi applications are now offered to developers globally, with academic rigor and extensive professional leadership combining to shape their organization as they’ve embarked upon creating a truly powerful solution to current blockchain oracles dilemmas.
The oracle network being built by SupraOracles is world class; by reaching consensus via multiple decentralized sources and offering near-zero slippage for cross-chain swaps, SupraOracles has established 3–5 second on-chain refresh rates, virtually delay-free data transfer and latency, as well as throughput charted at hundreds of thousands of transactions per second and (practically) non-existent fees.
Aidaa Wong, CEO of LuxFi, commented:
“We focus on luxury assets that have a high resale value and keep their value effectively. We’re looking forward to working with SupraOracles. We’ll soon be a leading NFT marketplace for luxury items with pricing backed by real-world data.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“We are ecstatic to have the opportunity to join in a new NFT market. In general, luxury assets and collectibles have a high resale value, but they are frequently sitting inactive and not in circulation. We are certain that LuxFi will be able to achieve their objectives with SupraOracles.”
Considering the manifold ways in which SupraOracles is pushing the limits of what is possible in blockchain, this is undoubtedly a powerful partnership and LuxFi is proud to work alongside their team as together we are committed to building the next manifestation of high-utility commercial blockchain data feed technologies.
SupraOracles is the flagship project by the Entropy Foundation. This Swiss-based (CHE.383.364.961) entity is bringing SupraOracles’ multi-helix ledger and DeFi applications to developers globally. This unit is uniquely positioned with PhDs and professionals with extensive experience in cryptography, enterprise integrations, IoT solutions, DeFi primitives, innovative consensus modeling, randomness research, and oracle research culminating in decades of product development and coding experience. Supra Labs, Inc. is their product arm led and advised by some of enterprise blockchain’s most notable figures. This SaaS unit is focused on the application of the SupraOracles technology within traditional finance and data services, offering API and front end bespoke models tailor fit to enterprise clients’ needs thanks to the acumen of their team.
Connect with SupraOracles
LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.
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