Flare’s partnership with top infrastructure providers, including Ankr, Restake, Luganodes, and NorthStake, as validators and data providers, is set to redefine decentralized data access. By integrating validation and data provision, Flare aims to offer developers a fully decentralized and cost-effective way to access a broader range of data, unlocking new possibilities for blockchain applications.
Ankr, Figment, Restake, Luganodes and NorthStake join Flare to enable the Blockchain for Data
Flare Network has announced its collaboration with a group of professional infrastructure providers. Ankr, Figment, Restake, Luganodes, and NorthStake are set to take on dual roles as validators and data providers for Flare’s native oracles. This strategic move is poised to revolutionize the way developers access decentralized data, marking a significant step toward Flare’s vision of a fully decentralized network for data.
Flare’s decision to integrate these institutional validators as data providers signifies a pioneering approach within the blockchain space. By seamlessly combining validation and data provision, Flare aims to provide developers with fully decentralized access to an extensive range of data at a minimal cost, thus unlocking new possibilities for decentralized applications.
The integration of reliable and secure data feeds through oracles is crucial for the success of many decentralized applications. Flare’s novel approach promises to expand the horizons of blockchain technology by offering a wider array of decentralized data, effectively pushing the boundaries of what can be achieved within the ecosystem.
As of now, Flare boasts a robust network with a total of 91 validators spanning the globe. These validators also serve as data providers for the Flare Time Series Oracle (FTSO), positioning it as one of the most decentralized and dependable oracles available for developers.
Hugo Philion, Flare’s CEO & Co-founder, emphasized the significance of this development, stating, “The fact that institutional validators of the quality and scale of Ankr, Restake, and Luganodes are willing to extend their business model to also provide decentralized data specifically on Flare gives proof positive to Flare’s vision for a fully decentralized network for data.”
Anuj Shankar, CEO of Luganodes, echoed Philion’s sentiment, expressing his company’s commitment to providing institutional-grade services in the blockchain infrastructure space. Shankar highlighted the uniqueness of Flare’s approach to decentralized data provision and its alignment with Luganodes’ mission to enhance decentralized data access for developers.
Jesper Johansen, Founder and CEO of Northstake, also voiced his excitement about supporting Flare’s mission to enable scalable and interoperable decentralized applications. Johansen underlined Northstake’s dedication to enabling compliant institutional participation in the emerging digital asset economy and the role of becoming a Flare validator in achieving this goal.
The collaboration between Flare and these institutional validators turned data providers underscores 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 becomes a critical factor in 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 in decentralized data access. By leveraging the capabilities of validators and data providers, Flare is poised to create a more resilient, decentralized, and versatile ecosystem that can cater to a wide range of industry use cases.
As the world increasingly relies on data, Flare’s initiative has the potential to reshape the blockchain landscape, providing developers with the tools they need to build groundbreaking applications and services. With these strategic partnerships, Flare takes a significant step forward in its mission to usher in a new era of decentralized data access and innovation within the blockchain industry.