The continuous development in blockchain technology has resulted in users entering the zone of much more complex and conditioned transactions. However, both blockchain and smart contracts are unable to efficiently access off-chain data.
In an interview with Charli3 CMO Damon Zwarich and CTO Jonas Lindgren we talked about Blockchain Oracles, the C3 token, its utilities and much more.Blockchain oracles are a key component of blockchain infrastructure. Decentralized finance that runs on blockchain technology runs on smart contracts. These contracts can’t look at or interact with the outside world.
On a brand standpoint, we aim to be always transparent and helpful to our community. Oracles are very high-level tech and a B2B solution with no retail consumer interface or direct useability. Therefore we aim to break this barrier of intimidation with our inviting robot mascot and name, as well as consistent access to the team and progress.The biggest utility of the C3 token is as payment of the oracle data and updates.
This also puts Oracle services on the radar of NFT projects, NFT minting platforms, Gaming projects, and NFT staking platforms to potentially integrate oracles to create dynamic/smart NFTs to increase functionality and innovation of future NFT collectionsThe NFT will provide staking opportunities in the future to any holder. Buyers will also be contributing to drop4drop through the 10% royalty from all secondary sales.
This is great news! Oracle feeds live on cardano is a very important achievement 🤩