Bondly Finance and Kylin Network have recently announced a strategic collaboration that will contribute to Bondly Finance’s oracle systems and Kylin Network’s data marketplace.
Kylin Network is a cross-chain platform powering the data economy on Polkadot; Bondly Finance is an interoperable, transparent, and portable peer-to-peer swap protocol, enabling trading across any chain through any medium.
Kylin Network elaborated more on the partnership on their Medium blog, stating that the alliance will help Kylin utilize their data feeding and consumption use cases in their decentralized market space. Bondly will receive assistance in designing their oracle needs for Bondwap and BondProtect. This collaboration intends to leverage their respective Polkadot and blockchain platforms and deliver cutting edge innovations and effective business models.
CEO of Bondly, Brandon Smith, said that Kylin is at the threshold of innovative breakthroughs in the data feeds space, shaping major projects beyond cryptocurrency and expanding its reach to other applications too. Kylin network will help build next-gen digital assets and concurrently boost their price valuation.
The partnership’s other objectives include getting Kylin’s enterprise at an operational level via Bondly’s NFT-based card game, BCCG.
Dylan Dewdney, CEO of Kylin Network, is optimistic about the alliance. He believes it to be mutually beneficial for both parties: Bondly will open a new dimension of NFTs delivering supreme quality technological breakthrough for Kylin; Kylin will design the intricacies of the oracle platform and data feed space.
The Bondly Fiance-Kylin Network partnership will shape new age-technology by delivering innovative products supported by the Polkadot ecosystem.
Bondly Finance aims to introduce Decentralised Finance (DeFi) to everyone. To accomplish this, it aims to integrate decentralized escrow payments and traditional market spaces.
Kylin Network works to supply valid and reliable consolidated data sources and data analytics; It plans to build a cross-chain platform powering the data economy on Polkadot.