Band Protocol Completes Deployment of Fantom Opera Mainnet Node to Reinforce Strategic Partnership
Fantom, a scalable blockchain platform with a rapidly growing ecosystem of DeFi applications including CREAM, has collaborated further to reinforce their strategic partnership with Band Protocol. We are proud to announce that Band Protocol has deployed a validator node on the Fantom Opera Mainnet which has already rallied 1.46M FTM in the delegation from the community.
Band Protocol has been working closely with the Fantom ecosystem of DeFi applications to provide secure, decentralized oracles to projects including CREAM Finance among many others. We are excited to further our relationship with their team as we continue to collaborate on the integration of Band Oracles and introduce new products into their ecosystem including Verifiable Random Functions (VRFs).
We look forward to bringing more decentralized price feeds to the Fantom Opera Mainnet and expanding the pathway for scalable, secure DeFi applications to be built. Stay tuned as we share more progress within the Fantom ecosystem in DeFi, gaming, and more!
About Fantom
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.
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About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
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