API3 Integrates with XLayerOfficial for Unprecedented Oracle Solutions
API3 has unveiled a strategic collaboration with the launch of XLayerOfficial. This collaboration marks a pivotal second for each entities as they be part of forces to revolutionize decentralized information provision within the crypto area.
The announcement, made public earlier right now, outlines API3’s dedication to supporting the builders of XLayerOfficial, signaling a brand new period of innovation and collaboration throughout the business.
We’re excited for the launch of @XLayerOfficial and are dedicated to supporting their builders. 💪
API3’s oracle stack will likely be deployed on X Layer quickly, giving builders entry to over 160 decentralized information feeds built-in with @OEVNetwork to recapture protocol MEV. pic.twitter.com/nr5lrBMJS1
— API3 (@API3DAO) April 16, 2024
API3’s Oracle Stack Integration with XLayerOfficial
On the coronary heart of this collaboration lies API3’s oracle stack, set to be deployed on XLayer within the close to future. This integration will empower builders with entry to over 160 decentralized information feeds seamlessly built-in with the OEVNetwork. The target is to harness the potential of protocol MEV (Miner Extractable Worth) by offering builders on XLayer with dependable and verifiable information feeds.
XLayerOfficial, constructed on Ethereum’s Layer 2 community using zkEVM validium expertise, affords unparalleled scalability and low charges. With the mixing of API3’s oracle stack, dApps on XLayer will acquire the flexibility to entry decentralized information maintained on-chain with out the necessity to handle any infrastructure.
This method ensures supply transparency, eliminates middlemen, and facilitates the environment friendly supply of real-world information, enhancing the general person expertise and reliability of decentralized functions.
Empowering Builders with Enhanced Performance
One of many key highlights of this collaboration is the incorporation of API3’s QRNG (Quantum Resistant Random Quantity Generator) expertise. This characteristic will present builders on XLayerOfficial with entry to a cutting-edge answer for producing really random numbers on-chain.
The importance of randomness can’t be overstated, notably in functions similar to NFT minting, blockchain gaming, and video games of probability, the place equity and trustworthiness are paramount.
Trying forward, the upcoming launch of the OEV Community guarantees even larger alternatives for protocols leveraging API3’s decentralized information feeds on XLayerOfficial. With a vertically built-in answer to recapture MEV, dApps will be capable of seamlessly entry information feeds on the API3 Market, activate the OEV Community, and start incomes rewards.
This synergy between API3 and XLayerOfficial units a brand new customary for decentralized information provision and underscores the transformative potential of collaboration throughout the blockchain ecosystem.
