October 14, 2021 - 3 min read
SupraOracles is excited to partner with Nahmii, an advanced layer two scaling solution on Ethereum. While Ethereum is an incredible blockchain with many advantageous characteristics, it also has its limitations. Nahmii is a layer two solution that addresses Ethereum’s low throughput, high & unpredictable fees, latency, and delayed finality.
Nahmii employs horizontal scaling to process transactions at a speed that’s unmatched by other layer two technologies. Transaction fees are low and even greater is that the fees are transparent prior to its execution. Nahmii effectively provides solutions for a variety of dApp projects, from supply-chain management systems to NFT platforms.
Nahmii will use SupraOracles to set the price for NFTs and allow the community to vote on the favorability and suitability of NFTs. Using SupraOracles’ oracle services, off-chain voting and price feed data will be accurately accessible via the blockchain.
Jacobo Toll-Messia, CEO of Nahmii, commented: “As the nascent, multibillion dollar NFT market continues to evolve, the need for a more efficient and predictable gas pricing model has taken on new urgency. Marrying SupraOracles’ unique model with Nahmii’s powerful layer two scaling solution enables just that; together, we are providing a foundational pillar for the ongoing growth of this exciting new asset class.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “Nahmii is a game-changer for dApps built on Ethereum. We are excited to support their mission and build a long-term partnership that promises many more collaborations in the future.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
Nahmii is a revolutionary layer 2 scaling protocol for the Ethereum blockchain which provides throughput, low latency, instant finality and predictable fees that are unmatched by other scaling solutions. In addition to its top tier performance, Nahmii is also uniquely capable of addressing institutional use cases by enabling developers to comply with KYC/AML and other regulatory requirements on demand. Nahmii comes with a complete suite of development tools and is fully compatible with the Ethereum Virtual Machine, shortening the learning curve for onboarding developers and making it easy to port existing contracts from Ethereum. In 2018, Nahmii 1.0 was the first layer 2 payment network on top of Ethereum. The Nahmii team previously worked on Bitcoin’s lightning network and Plasma as well as a content distribution platform that served 50 million users per day.
Get news, insights, and more.
Sign up for the SupraOracles newsletter for company news, industry insights, and more. You’ll also be the first to know when we come out of stealth mode.