• Flare recently completed a live demonstration of its new interoperability functionality to trustlessly purchase an NFT using tokens from another blockchain.
• This demo showcased the capabilities of Flare’s State Connector and Flare Time Series Oracle protocols, which enable data from other blockchains and the internet to be used securely on Flare chains with EVM-based smart contracts.
• Hugo Philion, Flare CEO & Co-founder, expressed excitement at what applications developers can create harnessing the capabilities of Flare’s native interoperability protocols.
Flare Demonstrates Interoperability Functionality
Flare recently completed a live demonstration showcasing its new interoperability functionality for trustlessly purchasing an NFT using tokens from another blockchain. The demo was performed on the network’s canary network, Songbird, using DOGE and XRP tokens.
State Connector Protocols
Flare’s State Connector protocols enable information both from other blockchains and the internet to be used securely and scalably with EVM-based smart contracts on Flare chains. It has been used in this demonstration to prove that a transaction is confirmed on a non-Flare chain and simultaneously verify that the correct payment reference was included.
Flare Time Series Oracle
The Flare Time Series Oracle (FTSO) delivers highly decentralized price and data feeds to dapps on Flare without relying on a centralized provider to bring the data on-chain. For this demonstration, it provided live updating prices for the NFT in the currency of the other chain.
ERC721 Contracts On-Chain
As Flare is an EVM-based blockchain, everything that can be achieved on Ethereum or any other EVM chain can also be done on Flare. Therefore, standard ERC721 contracts written in Solidity have been deployed onto their network with only minor changes required for integration into FTSO or State Connector methods.
Applications Harnessing Native Interoperability Protocols
Hugo Philion, CEO & Co-founder of Flare expressed his excitement at what applications developers could achieve leveraging their native interoperability protocols saying: „We are excited to see what other applications engineers can develop, harnessing the capabilities of Flare’s native interoperability protocols.“