Umbrella partners with 5ireChain
We’re expanding our network to welcome 5ireChain, the world’s first sustainable hybrid Layer 1 blockchain. Umbrella Network will be the first and only oracle powering this ecosystem.
By leveraging Umbrella’s on-chain data solutions, 5ire developers gain access to 7 high-frequency price feeds for building impactful dApps.
This collaboration aligns Umbrella’s mission to bring the world’s data on-chain with 5ire’s vision of a sustainable blockchain future, creating a synergy of innovation and environmental consciousness.
Introducing 5ireChain
5ireChain is a hybrid layer-1 blockchain designed to advance the principles of the 5th Industrial Revolution by promoting sustainability, innovation, and inclusivity. Its core mission is to align blockchain technology with the United Nations’ Sustainable Development Goals (SDGs), driving a shift from profit-centric models to benefit-centric ecosystems. 5ireChain supports both its high-performance native chain and Ethereum Virtual Machine (EVM) compatibility, enabling seamless integration and migration for developers building decentralized applications (dApps).
5ire incentivizes sustainable practices by rewarding validators who operate eco-friendly nodes and contribute to network security. By embedding sustainability into its consensus mechanism and offering tools to build impactful blockchain solutions, 5ireChain empowers organizations and individuals to contribute to a more sustainable and equitable digital economy. Through its innovative approach, 5ireChain merges technological progress with global sustainability objectives, embodying the ethos of the 5th Industrial Revolution.
Umbrella Network’s Support for 5ireChain
Umbrella Network will empower the 5ireChain ecosystem with its robust on-chain data solution, delivering 7 customizable price feeds to all applications operating on the network.
As the exclusive oracle for 5ireChain, Umbrella will support diverse projects and cater to their unique data feed requirements.
The partnership also paves the way for further technological innovations between Umbrella and 5ire, shaping how data is efficiently and sustainably delivered on-chain to provide a more dynamic and impactful decentralized future.
Insights from both sides:
“Partnering with 5ireChain is a big and exciting milestone for Umbrella. This collaboration is more than just being 5ire’s exclusive primary oracle. 5ire’s commitment to sustainability at the core of its architecture resonates deeply with Umbrella’s mission to provide reliable, real-time on-chain data. Together, we aim to set a precedent for how technology can meet the demands of sustainability on-chain.” — Dino Ivankovic, Head of Ecosystem and Partnerships at Umbrella Network.
‘’ Partnering with Umbrella Network will enhance 5ireChain’s ecosystem, integrating reliable data solutions with our sustainability vision. Together, we will shape a future where blockchain technology drives impactful, eco-conscious decentralized solutions, empowering developers and communities alike ” — Pratik Gauri, Founder CEO at 5ireChain
Conclusion
The collaboration between Umbrella Network and 5ireChain marks a significant step forward in bridging blockchain technology with real-world assets (RWA).
By delivering accurate, high-frequency data on-chain, Umbrella empowers 5ire’s ecosystem to build impactful, data-driven dApps.
Together, we’re not only advancing sustainability in blockchain but also shaping how decentralized systems can connect seamlessly with real-world data, unlocking new possibilities for innovation.
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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