October 21, 2021 - 3 min read
SupraOracles and Vera are teaming up to develop automation solutions for commercial NFT asset onboarding, management, and price discovery on Vera’s open financial platform for NFTs. Vera is a decentralized network for NFT lending and financing that enables new DeFi revenue models such as metaverse mortgages, NFT yield farming, and NFT rentals or subscriptions.
Compatible with NFTs minted on any blockchain such as Ethereum, Solana, Polygon, Polkadot, and Binance Smart Chain, Vera’s vision is to allow anyone, anywhere to access essential financial services for NFTs and secure our universal right to property ownership.
Vera and SupraOracles are building a secure, cost-effective, and decentralized data bridge between Vera’s smart contracts and the off-chain data infrastructure used by an NFT brand or creator. This solution allows any business or creator to link unique identifiers and complex attributes belonging to any digital or physical asset used on their off-chain software systems to their NFTs minted or listed on Vera’s network, enabling seamless NFT asset management between both Web 2.0 and Web 3.0 worlds.
Denis Lam, CEO of Vera, commented: “Unlike the hype and high transaction costs required by other oracle solutions, Supra is focused on delivering high-quality and cost-effective solutions, which enables the best possible user experiences for today’s DeFi applications built in the Vera Ecosystem. We’re honored to be able to work with a team with such a high calling.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “Our partnership with Vera is unique because we can create a new mechanism in NFT markets. We hope to collaborate on many more projects in the future.”
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.
Vera is the most powerful open financial platform for non-fungible token (NFT) assets. Vera offers decentralized financing, leasing, lending, and other essential financial services for any NFT marketplace, game, or application. Founded in 2021 and backed by notable investors in the decentralized fintech space such as Animoca Brands (leader in blockchain gaming and NFTs; key investor in Axie Infinity, Open Sea, Dapper Labs, CryptoKitties, and much more) and the Web3 Foundation, Vera’s mission is simple: To build open, secure, and powerful NFT financial products that are equally available to everyone everywhere.
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