Expanding in the MultiversX Ecosystem — Umbrella partners with OneFinity
As we broaden our horizons within the MultiversX ecosystem, we’re thrilled to unveil our partnership with OneFinity, an innovative EVM compatible Sovereign Shard in the MultiversX network. This collaboration represents a step in Umbrella’s commitment to supporting and empowering the MultiversX ecosystem.
OneFinity at a Glance
OneFinity stands as a customized, Ethereum Virtual Machine (EVM)-compatible blockchain, optimized for the development of sophisticated smart contract protocols such as decentralized exchanges (DEXs) and lending platforms, and a host of other protocols. By deploying directly onto OneFinity, developers gain the unparalleled security of the MultiversX network, allowing for innovation in a fully secure environment.
Security & Performance
The core of OneFinity’s ecosystem lies in the OneFinity Engine — a high-performance, EVM-compatible platform and the innovative OneFinity Bridges. These components empower seamless and secure interactions between Ethereum and OneFinity, facilitating the trustless transfer of ETH and other ERC-20 tokens with an unmatched user experience.
By adopting OneFinity, developers unlock a world of opportunity, benefiting from robust security, lightning-fast finality, and a permissionless framework, all while engaging within a fully composable and interoperable environment at a low cost. This combination not only accelerates development cycles but also ensures the safety and security for projects and their users, marking a new era of blockchain innovation.cal
Umbrella Network’s Role: Elevating Data Solutions on OneFinity
Umbrella Network is set to deploy on OneFinity, bringing its data feeds and customized solutions to the forefront. This integration will empower developers building on OneFinity, providing them with all the data they need to build the next generation of dApps. Not only data, Umbrella will work side by side with devs to build tailored solutions ensuring they have all the necessary tools to build top notch projects.
Voices from Both Teams
Longin Voicescu, CEO and Founder of OneFinity Blockchain, commented:
“It’s with great pride, for me personally and the OneFinity team, to unveil this strategic partnership with Umbrella Network. Umbrella Network’s rapid and decentralized on-chain data oracle services will provide not only OneFinity with verifiable data for smart contract integration, their architecture will be readily available to all EVM-compatible projects building on OneFinity.”
Philippe Engels, Head of Partnership at Umbrella Network said:
“Joining forces with OneFinity represents a significant milestone for us. Their infrastructure offers the perfect environment for our oracles to thrive. We’re excited to see the impact our collaboration will have on the MultiversX ecosystem and what devs will build on top of Onefinity.”
Conclusion
This partnership between Umbrella Network and OneFinity is a forward-thinking alliance aimed to expand the MultiversX ecosystem. By combining OneFinity’s scalability with Umbrella’s oracle services, this partnership is poised to unlock new possibilities and drive further innovation within the MultiversX ecosystem. Umbrella Network remains committed to its mission of delivering state-of-the-art data solutions, reinforcing its dedication to enhancing the blockchain landscape.
About Umbrella Network
Umbrella Network, is a decentralized oracle service that provides blockchain projects with secure, scalable, and customizable data solutions.
Umbrella offers smart contracts a broad suite of solutions, whether it is high frequency pricing updates, aggregating large volumes of data at scale, or providing tailored price feeds for specific needs. Secured by a network of decentralized community validators, Umbrella can provide any data that you need when you need it.
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