Layer-1project flarehas completed a live demonstration of the new interoperability functionality available in beta in its ecosystem.
Two basic interoperability protocols state connectorand Flare Time Series Oracle ( FTSO), an NFT was reliably purchased with a transaction that took place on a different blockchain network with a different token.
This NFT demo is on Flare’s canary network Songbird, DOGEAnd XRPThe purchase was made using tokens.
DOGE and XRP Used in Flare Network
flare, a demo on its ecosystem NFT made the purchase. In this process, DOGEAnd XRPtokens are used.
your flare state connectorprotocols, with EVM-based smart contracts on the Flare network of information from both other blockchain networks and the internet. trustworthyAnd scalable way it can be used. In this case, a transaction flareIt was used to prove validation on a non-blockchain network and also to verify that the correct payment reference was included.
Flare Time Series Oracle ( FTSO), without relying on a central provider to bring data to blockchain networks, flare It offers highly decentralized pricing and data streams to dApps on For promotion, it reveals live updated price of NFT in other blockchain network’s cryptocurrency.
Since Flare is an EVM-based blockchain network, anything that can be done on Ethereum and other EVM networks can also be performed on Flare. Therefore, printed in the demo NFTs, standard written in Solidity and deployed to the web ERC721 are contracts. The only change needed is FTSOAnd state connectoris the addition of methods to be integrated with
flareCEO and Co-Founder Hugo Philionsaid the following on the subject;
“This demo highlights Flare’s ability to provide more types of secure, decentralized data on-chain to empower new functionality and potential use cases for the industry. The NFT demo is an example of the Web3 utility that Flare can open for legacy tokens, enabling them to be used safely in dApps on the network. We are excited to see what other applications engineers can develop by leveraging the capabilities of Flare’s native interoperability protocols.”
