SupraOracles has struck a partnership with UTU, the social network platform developed to empower Web3 users by rewarding them for their active contributions. In addition, UTU targets one of the most offsetting aspects of the current social platforms, privacy, by developing a privacy-resistant non-bot platform.
The partnership between SupraOracles and UTU is perfectly matched, given that both companies strive for similar values and ideals in the crypto space. Both SupraOracles and UTU value privacy, and strive to achieve it through a transparent blockchain solution. In that regard, SupraOracles can facilitate the faster link between real-world data feeds and UTUs EOSIO’s smart contracts, unlocking more use cases for the network’s decentralized autonomous communities (DAC).
SupraOracles will assist in unlocking new features on UTU by using cross-platform data and provide a richer, more substantial interaction for decentralized autonomous communities (DAC). To that end, oracle functions provided and enabled by SupraOracles will generate added value for DACs, because each interaction on UTU can be better weighed and rewarded. Thus, SupraOracles may become one of the many enablers to ensure UTU successfully and accurately deploys its platform.
Stephan Zhang, the CTO and Co-founder of UTU said:
“The partnership represents a new era of web3 collaboration where all stakeholders’ interests are aligned. I am excited to see the synergy between UTU and SuperOracles.“
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“Our partnership with UTU comes at the right time, just as we transcend into the Web3 era. We are extremely excited and eager to connect with UTU, and explore numerous opportunities to make social interactions better for everyone, especially for end-users currently in Web2.”
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.
The company originated in both Australia and Canada with a group of experts in Blockchain, Artificial Intelligence, and IoT, with business executives from IBM, Alibaba, Apple, and Deakin University’s Blockchain Innovation Lab.
The company developed the world’s first DAC app for iOS and Android on EOSIO and many other blockchain business solutions and decentralized applications. In 2020, UTU technology Inc. made the strategic decision to establish its HQ in Toronto, Canada, to further the company’s business expansion worldwide.