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Blockchain News

SupraOracles Partners with Radix Network For Web3 Innovation

This partnership enables the swift creation of decentralized apps with Radix's Scrypto language, enriched by Supra's extensive crypto price data.

Written By:
Ronak Kumar

Last updated: February 12, 2024 6:15 AM
Published 2023-12-07
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SupraOracles Partners with Radix Network for Web3 Innovation

The decentralized network Radix has announced a collaboration with Supra, a leading oracle services provider, to integrate their cutting-edge technologies.

🌐 Ecosystem Update 🌐@SupraOracles, a leader in oracle services, will offer its services on the Radix Network.

This will unlock many Web3 & DeFi use cases, such as money markets, perpetuals, stablecoins & prediction markets.

Read more 👇https://t.co/FrksaX3WgR pic.twitter.com/YydUOC2lzF

— Radix – Radically Different DeFi (@radixdlt) December 7, 2023

This partnership empowers Web3 developers to swiftly create decentralized applications using Radix’s Scrypto language, enhanced by Supra’s pull and push price data for over 100 popular crypto pairs.

Furthermore, Supra’s verifiable random function (VRF) introduces decentralized randomness to Radix, expanding applications in gaming, NFTs, and governance. Radix’s remarkable growth is evidenced by 10 deployed dApps and a notable 300% monthly increase in Total Value Locked (TVL).

Piers Ridyard, Director of Radix Tokens Jersey, expresses enthusiasm, stating, “Supra’s reputation for excellence in the oracle space and their dedication to decentralization make them the ideal partner for Radix.

We are excited to work together to enhance data services for the Radix Network and unlock new possibilities for the blockchain ecosystem.”

The collaboration between Radix Publishing and Supra signifies a pivotal leap forward in decentralized technology, empowering Web3 developers with innovative solutions and driving substantial growth in the Radix network.

Also Read: Supra Unveils Token Sale & Strategic Distribution Plan

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.

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