quick take
As a validator and data provider, Flare’s partnerships with leading infrastructure providers including Ankr, Retake, Luganodes, and NorthStake are set to redefine decentralized data access. By unifying verification and data provisioning, Flare aims to open up new possibilities for blockchain applications by providing developers with a fully decentralized and cost-effective way to access a wider range of data.
Ankr, Figment, Retake, Luganodes, and NorthStake join Flare to enable blockchain for data.
flare network Announced collaboration with a group of specialist infrastructure providers. Ankr, Figment, Restake, Luganodes and NorthStake It is set up to take on a dual role as a validator and data provider to Flare’s underlying oracle. This strategic move is poised to revolutionize the way developers access decentralized data and take significant progress toward Flare’s vision of a fully decentralized network for data.
Flare’s decision to integrate these institutional validators as data providers represents a pioneering approach within the blockchain space. By seamlessly combining verification and data serving, Flare aims to provide developers with fully decentralized access to a wide range of data at minimal cost, opening up new possibilities for decentralized applications.
The integration of reliable and secure data feeds through oracles is critical to the success of many decentralized applications. Flare’s new approach promises to expand the horizons of blockchain technology by providing a wider range of decentralized data, effectively pushing the boundaries of what can be achieved within the ecosystem.
Currently, Flare boasts a robust network with a total of 91 validators globally. These validators act as data providers for the Flare Time Series Oracle (FTSO), making it one of the most distributed and reliable oracles available to developers.
Hugo Philion, CEO and co-founder of Flare. The fact that institutional validators of the quality and scale of Ankr, Retake, and Luganodes are expanding their business models to provide decentralized data specifically for Flare provides positive evidence for Flare’s vision. A completely decentralized network for data.”
Anuj Shankar, CEO of Luganodesechoed Philion’s sentiments, expressing the company’s commitment to providing institutional-level services in the blockchain infrastructure space. Shankar emphasized the uniqueness of Flare’s approach to decentralized data provisioning and its alignment with Luganodes’ mission to improve decentralized data access for developers.
Jesper Johansen, founder and CEO of Northstake. They also expressed their excitement about supporting Flare’s mission to enable scalable, interoperable, decentralized applications. Johansen highlighted Northstake’s commitment to enabling compliant institutional participation in the emerging digital asset economy and its role as a Flare validator to achieve this goal.
The collaboration between Flare and data provider-turned-institutional validator highlights the growing importance of data access within the blockchain industry. As blockchain technology continues to evolve, the ability to securely integrate real-world data through oracles will be critical to driving innovation and expanding the utility of decentralized applications.
Flare’s forward-thinking approach, combined with the commitment of these infrastructure providers, sets the stage for a new era of decentralized data access. Flare is poised to leverage the power of validators and data providers to create a more resilient, decentralized, and versatile ecosystem that can meet a wide range of industry use cases.
As the world becomes increasingly dependent on data, Flare’s initiative has the potential to reshape the blockchain landscape, giving developers the tools they need to build groundbreaking applications and services. Through this strategic partnership, Flare has made significant progress in its mission to usher in a new era of decentralized data access and innovation within the blockchain industry.
Read: Flare, Lena Instruments Add a New Dimension to Crowdfunding