December 02, 2021 - 3 min read
Hinata has chosen SupraOracles to support a collection of NFT features. Hinata is an e-commerce ecosystem for existing brands and intellectual property. The e-commerce hub includes a portal that wraps and unwraps ETH-minted NFTs on Polkadot, Fantom, Tezos, and Solana blockchains. SupraOracles will provide cross-chain bridges for these NFTs so that duplicates of the NFT may simultaneously exist on different chains.
Hinata features an NFT order book aggregated across Ethereum and Solana, which will be supported with SupraOracles’ fast and reliable price feed data. Our oracles will also provide price feed data to be displayed on Hinata’s website, including real-time ETH gas prices, ETH spot prices, and the price of Hinata’s ERC-20 token.
Hinata is also exploring the development of liquidity farming pools for Hinata’s ERC-20 token on Solana, Ethereum and Polkadot, and may employ SupraOracles’ data feeds for these liquidity pools. In the future, SupraOracles and Hinata may host a series of hackathons focused on encouraging multi-chain concepts in the NFT space.
Jonathan Gozby, Founder of Hinata commented:
“We’re really excited to dig into what is possible with lower transaction fees and real cross-chain compatibility over the next year with our partnership with SupraOracles. As someone who has been playing with NFTs and making on-chain transactions since 2017, it feels like this space is finally maturing and becoming more accessible for the average user. It is our goal to compete with the likes of OpenSea and the upcoming Coinbase platform, and SupraOracles is going to be a huge edge for us.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“Cross-chain ecosystems, particularly ones that are focused on NFTs, will enjoy high market demand. Consumers are looking to appreciate wrapped ETH-minted NFTs on other cheaper chains like Solana, Polkadot, etc. SupraOracles will support Hinata’s mission to offer a collection of multi-chain and cross-chain solutions in the NFT market with our highly interoperable and blockchain-inclusive oracles.”
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.
Hinata.io is the world’s first Web 3.0 e-commerce hub for NFT trading and creation, fueled by a Decentralized Autonomous Organization (DAO). Their platform is set to launch in Q1 2022, with a token generation event happening in December 2021.
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