September 05, 2022 - 2 min read
SupraOracles is excited to partner with NFTY, a next-generation reputation protocol that services the entire NFT space by ensuring quality overruns social reputation. NFTY has created a mechanism where they cater to every sector of the NFT space and provide an NFT reputation validation mechanism.
NFTY provides value to every actor in the NFT industry by rebalancing perceptions and being used in any NFT marketplace to ensure both parties are covered and protected from scams. Additionally, by integrating several blockchain functionalities such as staking and voting powers, NFTY leverages community vetting to ensure NFT collections on new and existing marketplaces and also aids emerging artists in breaking through the noise.
SupraOracles’s decentralized oracles network will then become beneficial assets for NFTY as it helps feed accurate platform data into the marketplace addon. With a focus on cross-chain activities, SupraOracles will be able to provide high network data feeds to be brought into the network. NFTY is using SupraOracles as a way to ensure data and information shift can occur between channels and NFT buyers are accurately informed.
Thus, SupraOracles will become an enabler of sourcing and rendering quality NFT over speculative collections.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“As NFTs become a staple of digital artwork, we are excited to be one of the main quality enablers. NFTY is building an NFT reputation function, and SupraOracles’ tech can help ensure the validity and reputability of each NFT.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3 ecosystem. Our 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.
NFTY creates a quality validation layer for NFTs by introducing a new group that sits between buyers and sellers — utilizing a community of advocates to vet NFTs. Through this unique process, buyers can find trusted collectibles, and creatives can build their reputations through the NFTY advocacy network. In addition, advocates are rewarded for their excellent insight by receiving a portion of the NFT proceeds.
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