Flare and Oracle Daemon Partner to Provide Users with Enhanced Network Tools

Key highlights:

• Flare announced it has partnered with Oracle Daemon following plans to enhance the user experience within the Flare Layer 1 network.
• Due to the partnership, Oracle Daemon will develop a detailed analytics tool tailored specifically for data providers operating on the Flare network.
• Oracle Daemon will develop auto claiming executors to automate the token claiming processes within the Flare network.

Flare, a revolutionary Layer-1 blockchain for data, announced today that it has entered a strategic partnership with Oracle Daemon, a leading data provider. The collaboration aims to create a suite of network tools that will elevate the user experience on the Flare Layer 1 network and its counterpart, the Songbird network.

Flare, as the blockchain for data, revolutionizes information acquisition protocols by integrating them into the blockchain rather than layering them on top. This unique approach ensures cost-effective and highly scalable access to diverse and reliable data types. The State Connector further facilitates secure, scalable, and trustless utilization of external information through smart contracts on Flare, enabling seamless integration with other blockchains and the broader internet.

Oracle Daemon on the other hand, performs as an independent group of talented developers that has been silently making substantial advancements in blockchain technology. Their unwavering dedication to building decentralized applications is redefining the future of the industry, making them an ideal partner for Flare’s ambitious venture.

Flare Network’s Users to Enjoy Advanced Analytics Tools

According to the announcement, the first component of the project involves the creation of a multi-wallet management tool by Oracle Daemon. This tool will enable users to effortlessly oversee their balances across multiple wallets, streamlining the process of managing multiple accounts. With improved accessibility and enhanced visibility, individuals can conveniently monitor and control their crypto-assets, promoting seamless transactions and asset management.

Additionally, the partnership will introduce advanced data provider analytics, tailored specifically for data providers operating within the Flare ecosystem. By leveraging this analytics tool, data providers will gain valuable insights into their performance metrics, including data quality, reliability, and usage. This detailed analysis empowers data providers to identify optimization opportunities for their models, enhancing overall effectiveness and ensuring the delivery of high-quality data to developers.

Furthermore, Oracle Daemon will develop auto claiming executors to automate existing token claiming processes. These executors will cover various aspects, including data provider rewards, validator rewards, FlareDrops, FTSO delegation rewards, and unlocking of escrowed funds. By automating these processes, users can save time and effort while maximizing their rewards and benefits within the Flare ecosystem.

Expressing his enthusiasm about the collaboration, David Pangerl, CEO & Founder of Oracle Daemon, emphasized the significance of the advanced data provider analytics. Recognizing Flare as the blockchain solely focused on providing developers with access to quality data at scale, Pangerl highlighted the importance of supporting and optimizing the data provision process for the benefit of the entire network.

Arguably, with the collaborative efforts of Flare and Oracle Daemon, users can look forward to a more streamlined and efficient experience within the Flare network. The suite of network tools will empower individuals to manage their crypto-assets, provide data providers with valuable insights, and automate various claiming processes. This partnership exemplifies the commitment of both organizations to drive innovation and foster growth within the blockchain ecosystem.