Lupa X Capital Announces Partnership with PolkaCipher
Lupa X Capital is proud to announce the addition of PolkaCipher to our investment portfolio.
Acting as a Strategic Partner, we will leverage our extensive industry and community presence to ensure sustainable, and continuous community growth for PolkaCipher.
Additionally, we will be giving them strategic guidance about their project which will help them set the foundations for strong and steady development.
What is PolkaCipher?
PolkaCipher is a decentralised cross-chain privacy preserving oracle for Polkadot ecosystem. It aims is to expand the use of NFTs, and DeFi within standard business practice with focused “bNFTs”. Through a seamless, private integration to PolkaCipher, projects will be able to interface with Web3 applications within the blockchain economy.
bNFTs are business focused NFTs which are privately minted and can be used as ledgers, or legal contracts while remaining anonymous to the public, but fully trackable by the concerned parties. bNFTs can also be traded privately on the “CipherDEX”. This allows NFTs to be used with serious, real-world applications, which will allow PolkaCipher to outgrow and surpass the wild boom of the initial NFT hype. It will likely cement itself as a staple in the DeFi ecosystem by unlocking the true potential of these powerful innovations.
PolkaCipher will also offer “eData” which will act as secure data collections for businesses. Through specialised vaults only accessible with an NFT key — and Using Zero-Knowledge Proofs, PolkaCipher will protect data privacy and utilise tamper-proof data matching mechanisms to allow for off-chain internet economies, and on-chain decentralised applications to be bridged.
Lupa X Capital is confident PolkaCipher will play an integral role in the DeFi revolution by offering attractive integration solutions for real world business applications. It offers a range of different products such as bNFTs and eData, which fills a definite gap in the market, opening the possibility for widespread adoption. With its numerous innovations, PolkaCipher will likely play a leading role in the DeFi revolution, and possibly reinvent the entire market by unlocking the full potential of NFTs.
Useful Links
PolkaCipher
Telegram: https://t.me/PolkaCipher
Website: https://polkacipher.com
Twitter: https://twitter.com/polkacipher
Medium: https://polkacipher.medium.com
Lupa X Capital
Telegram: https://t.me/lupaxcapitalofficial
Website: https://lupaxcapital.com
Twitter: https://twitter.com/lupaxcapital
