Phala Network
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Phala Network

NFT × Privacy: Phala Network Expands Strategic Partnership with DEGO.Finance

We are excited to announce: Phala has expanded its strategic partnership with DEGO Finance, the Polkadot ecosystem’s NFT + DeFi fusion reactor.

Through this cooperation, Phala will provide DEGO with privacy infrastructure support. The two parties will conduct in-depth cooperation in the NFT field, aiming to provide Polkadot with NFT products and gameplay that support mystery boxes, random or encrypted content.

At the same time, both parties will share products and exchange resources in the fields of privacy, NFT, and Polkadot communities in the future.

About DEGO Finance

DEGO is an NFT + DeFi Fusion Reactor, aiming to build a one-stop NFT system, upholding NFT Protocol, trading, cross-chain function, DeFi apps, games and etc. DEGO is constructing a Polkadot Parachain through Substrate, combining application and underlying protocols.

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About Phala

Phala Network tackles the issue of trust in the computation cloud.

This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.

As a member parachain of the Polkadot cross-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling possibilities like privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more.

On-chain services currently being developed on Phala Network include Web3 Analytics: high-performance smart contracts from Phala enable highly concurrent mass data analytics with privacy, paving the way for an alternative to Google Analytics that inherently respects individual confidentiality.

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