Polygon (Matic Network) Completes Integration With Band Protocol to Secure DeFi, NFT, and Gaming Ecosystem
Band Protocol is delighted to share the completed integration with Polygon (previously known as Matic Network), the leading platform for Ethereum scaling and infrastructure development. The integration comes at a time of rapid growth for Polygon to empower developer toolkits with highly scalable, flexible and robust oracles for any external data including financial data, real-world events and verifiable random numbers.
Polygon will be working alongside Band Protocol to secure their ecosystem of DeFi, NFT and on-chain gaming applications from the exploration stages to production.
Polygon is a layer-2 scaling aggregator that enables the creation of low-cost and high-throughput smart contract applications on an ideal platform for the growing DeFi and on-chain gaming applications that are required to operate at scale. The integration of Band Protocol oracles will empower all Polygon developers to match platform scalability with a high-performance oracle network that provides security, usability and unmatched access to ant external data needs.
“With the strong expansion seen through the growing numbers of teams and projects building on Polygon, our team works to bring the industry-leading developer tooling required to build and scale smart contract applications. We are proud to support and integrate Band Protocol, a leading decentralized oracle with an estimated $7B+ in value secured, to enable Polygon developers to create custom decentralized oracles for any use-case including real-world events and VRF.”
Jaynti Kanani, CEO & Co-Founder of Polygon (Matic Network)
Polygon has added Band Protocol to their official developer resources, enabling developers to integrate The Band Standard Dataset which covers over 150+ price feeds spanning across crypto assets, commodities and foreign exchange. The technical documentation provides an accessible guide for existing and upcoming projects to integrate Band Protocol, test implementations and will be continuously refined as more features are added.
With the strategic support of Polygon, Band Protocol is thrilled to work with developers to integrate oracles and extend data support for any external data source or API. This is one of the early steps from our team to consolidate documentation and Band oracle availability on growing blockchain platforms — positioning our team to support the rapid growth of NFTs and DeFi as of recent.
“Band Protocol is thrilled to strategically partner with Polygon to support their stage of rapid growth with secure and decentralized oracles for DeFi, NFT and eventually blockchain games with the upcoming BandChain VRF release. With the support provided by both Polygon and Band Protocol to developers, we look forward to connecting with more leading projects to drive our total value secured by Band oracles to $10B and onwards!”
Soravis Srinawakoon, CEO & Co-Founder of Band Protocol
Stay tuned for the innovative decentralized applications integrating Band Protocol on Polygon!
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon’s Layer 2 Chains have seen widespread adoption with 90+ Dapps, ~7M txns and ~200K unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. 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.