September 05, 2022 - 2 min read
SupraOracles is delighted to partner with Arcana, a Web3 privacy stack for developers to onboard users and manage their data. The goal of Arcana is to make it simple for developers to protect users’ data’s security and privacy.
With a privacy stack for developers of decentralized applications on chains compatible with the EVM, Arcana Network serves as Ethereum’s storage layer. Like on AWS/GCP, developers can configure their storage needs by selecting a region for their app’s storage.
The Arcana storage network comprises clusters of storage nodes organized by regions or according to the node’s precise location. Developers can then select the upload/download method with the lowest latency for their users’ data. Furthermore, before being uploaded, every file is client-side encrypted on the Arcana storage network. These storage nodes are unaffiliated third parties that give the network storage and bandwidth in exchange for a reward paid out in the native currency of the network, $XAR.
SupraOracles will help Arcana build cross-chain bridges so that Arcana can provide developers with private NFTs. In addition, SupraOracles will offer data feeds, so Arcana has access to precise data on the price, volume, and liquidity of $XAR on DEXes for treasury management.
Mayur Relekar, CEO and Co-founder of Arcana, commented:
“Arcana offers a distributed data store. We put in place a system to make sure that any incentive given out is just and corresponds to the actual storage and bandwidth any storage node actually provides. SupraOracles is expected to assist us by offering oracle services.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“Depending on how the application is used, each file that is uploaded to Arcana has the tendency to mint an NFT. We will work with them to build cross-chain bridges that will allow NFT transfers across multiple chains.”
SupraOracles bridges the gap between traditional financial markets and the web3 world. Their objective is to provide a comprehensive cross-chain oracle to the developer community. SupraOracles mixes real-world data with public and private blockchains to create interoperable smart contracts that protect financial markets in the future. It also provides developers with a collection of tools for creating, deploying, and maintaining quicker, more agile, and more resilient data applications.
Arcana is the storage layer of Ethereum. Arcana offers a privacy stack SDK to dApp developers on EVM-compatible blockchain chains to build privacy-first products.
SDK comes with decentralized auth, identity, encryption, access control, key management, storage, complete ownership, and control in the user’s hands.
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