June 10, 2022 - 3 min read
SupraOracles has announced that it is partnering with ShoeFy, a two-in-one decentralized outlet integrating DeFi and NFTs into a single platform to maximize user returns. ShoeFy binds NFT and FT with DeFi tools, increasing the token farming potential and providing utility for both token holders in the metaverse. By reshaping the value of NFTs, ShoeFy rewards the holder’s platform adherence through GameFi.
ShoeFy is pushing for additional decentralized integration. Focusing on establishing a metaverse presence, sneaker NFTs become the exchange unit in the VR and AR environment. Moreover, by providing DeFi liquidity for NFTs, the protocols selected SupraOracles to guarantee NFT utility and price stability through accurate price feed inflows.
In essence, SupraOracles will act as the decentralized backbone allowing ShoeFy to focus on their development whilst SupraOracles guarantees ongoing price fees for both DeFi and marketplace NFT price valuations. SupraOracles will be the de facto for every floor price in secondary markets, directly impacting the user’s profit margin.
By providing a next-generation oracle service, SupraOracles’s network-agnostic oracle creates new NFT integration opportunities, allowing ShoeFy users to expand their NFT sneaker collection while also ensuring a passive income funnel.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“NFT and pop culture go hand in hand. Some might see NFT as a digital reflection of where subcultures are heading. We believe in the DeFi/NFT mix proposed by ShoeFy, and as a decentralized oracle service, we will ensure the ecosystem will be flawless in terms of accurate network pricing. Only by ensuring programming solidity can an innovative protocol succeed.
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.
ShoeFy is an innovative decentralized platform that combines Non-Fungible Tokens (NFT) and Fungible Tokens (FT). It is a futuristic NFT project that utilizes cutting-edge DeFi tools to maximize returns by providing options for both farming and staking using its sNFT. Each NFT is programmatically generated with a unique digital pair of shoes on the platform.
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