Capsule Corp Labs partnering with Kylin Network for reliable market data
Capsule Corp Labs is excited to announce its latest partnership with another Polkadot ecosystem player: Kylin Network. Capsule Corp Labs, as the main developer of the Ternoa blockchain, will leverage Kylin Network’s trustless Oracles to obtain data from other parachains and validate it.
One of the major challenges for any dApp or blockchain-based project is accessing correct, reliable data and quickly serving it. Kylin Network provides developers and projects with a set of APIs and SDKs, allowing anyone to source market and social data in an instant, transparently, and with validation on and off-chain. Kylin Network’s solution consists of three different elements:
- Kylin Data Analysis: a set of analytical tools for data warehousing. This enables dApps to tap into data and easily search and aggregate it for their purpose
- Kylin Data Oracle: a decentralized data delivery protocol that provides diverse, real-time data at a low cost for dApps to retrieve data from chain, and off-chain.
- Kylin Data Marketplace: enables an open exchange of prices and data.
Through this partnership, Capsule Corp Labs will start relying on data from Kylin Network’s oracles for the native blockchain Ternoa and all applications built on top of it. This will greatly benefit the developer as well as user experience in the Ternoa ecosystem. Furthermore, as an NFT-focused chain, Ternoa will feed its data to the Kylin network to make it available to other builders.
“We’re looking forward to working with the Kylin team to tap into their rich sources of data and benefit from their oracle to obtain validated inputs from the off-chain world. This will greatly enhance our ecosystem and also enable us to start interacting with other chains in the Polkadot ecosystem.” — highlights Ternoa’s CEO Mickael Canu
“We are happy to work with the team at Ternoa to collaborate on NFT data scripting and utility parameters that will be useful in designing robust data access. We find their vision truly fascinating by bringing true value, utility, and ownership to NFTs.” — Kylin Network.
To address any community questions and further elaborate on the partnership, Kylin Network, and Capsule Corp Labs will soon hold AMAs in their respective communities.
About Kylin Network
Kylin Network strives to be a composable and configurable multi-level oracle infrastructure built as a Polkadot parachain, for the democratization and delivery of accurate data on time, at a reliably low cost. Kylin hopes to offer a way for chain-agnostic APIs to serve data according to service level agreements (SLA) that the consumers of this data will be aware of.
Data source compatibility beyond price feeds will bootstrap a free data market. This will allow market demand to determine the direction of the innovation of a feed, its price, and supply. With dynamic NFTs & SFTs, Kylin’s ongoing development will innovatively tokenize data streams that democratically will be accepted on the Kylin Network.
About Ternoa
Ternoa is a Substrate-based blockchain dedicated to Utility NFTs. Ternoa makes NFTs’ mass adoption possible thanks to standardized on-chain NFT functions and a javascript SDK to reach out to the largest possible number of developers. Ternoa was founded by Mickael CANU, CEO and serial entrepreneur. More information about Ternoa can be found here.
About Capsule Corp. Labs
Capsule Corp. Labs is the main developer on Ternoa blockchain. The labs fosters the development of new dapps and use cases on Ternoa chain and work with large corporate accounts and web3 startups to facilitate their integration on Ternoa. Capsule Corp. belongs to Ternoa’s ecosystem and is led by Clément TEQUI, CEO, and co-founder of Ternoa. More information about the Labs can be found here.
