PolkaFoundry and Paralink Network Forge New Strategic Partnership

We are proud to announce our strategic partnership with Paralink, a world-class multi-chain data oracle running on Polkadot, to integrate their high-quality real-world data feeds into the PolkaFoundry platform.

Today blockchain applications are severely limited by the range of use cases they can serve. Smart contracts can only access the state on the same chain. Without access to real-world data, blockchain applications cannot be used for most DeFi needs.

As PolkaFoundry’s mission is to be the top production hub on Polkadot with all the necessary tools and services ready for DeFi application developers, we ask for our developer community’s opinions and integrate the best and most requested Oracle data providers. Paralink comes with a robust on-chain consensus algorithm that offers the highest degree of security. Additionally, their high-quality hardware-based randomness provides prediction and lottery dapps on PolkaFoundry with perfect random numbers. Paralink Query Language is also very intuitive to developers and getting started is almost effortless.

The strategic partnership is a step forward to the realization of the PolkaFoundry’s vision to unleash developers to explore new horizons of the DeFi landscape. We will continue to integrate high-quality services into PolkaFoundry in our quest for the best developer experience.

Thi Truong — Founder and CEO of PolkaFoundry:

“When trying out Paralink, the thing that grabs my attention is its flexible and easy-to-understand Paralink Query Language. This inspires me a lot as we are also designing a PolkaFoundry’s standard Oracle Query Language that could be transpiled to any oracle’s query language that we support. Paralink is a gem that we can’t resist integrating into PolkaFoundry.”

ABOUT PARALINK NETWORK

Parakink Network is a real-world data ingress for cross-chain applications, acting as a data bridge between blockchains and real-world data. The platform collects, validates, aggregates, and interpolates real-world datasets and feeds them into smart contracts on Ethereum and Polkadot. Paralink’s on-chain consensus algorithm, built using Polkadot and its Substrate stack, alleviates speed, costs, and other limitations of current blockchains.

ABOUT POLKAFOUNDRY

PolkaFoundry is a platform for building borderless and frictionless DeFi dApps on Polkadot. It aims to be the one-stop production hub for DeFi dApps with all the necessary features, services, integrations, and tools available for DeFi experiments, innovations, and real-world solutions. Taking advantage of the interoperability and scalability of Polkadot as well as integrating many DeFi-friendly services into the platform, PolkaFoundry also provides UX-enabling features that make dApps as easy to use as normal applications and bring dApps to the mass.

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