Strip Finance today announced its partnership with SupraOracles. Strip Finance is building liquidity easing solutions for the NFT space initially launching a collateralised NFT lending and borrowing platform on BSC. The platform allows borrowers to use their NFTs as collateral.
SupraOracles is a powerful cross-chain oracle that helps businesses bridge real-world data to both public and private chains, enabling interoperable smart contracts to automate, simplify and secure the future of financial markets.
SupraOracles will provide accurate and secure data points that enable Strip Finance to build a reliable NFT fair value assessment tool. This tool will be cross-chain compatible and interoperable with the following chains: Avalanche, Ethereum, Polkadot, Solana, Binance, and more. SupraOracles will also offer Strip Finance cross-chain bridges for collateralised NFTs.
Yash Jejani, CEO of Strip Finance, commented: “We are excited about our partnership with SupraOracles that would help leverage data and information across blockchains for our NFT value assessment tool. Going forward, this will be a core element of the Strip Finance platform as we solve the price discovery challenge for the NFT markets in our quest to bring capital efficiency.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “Strip Finance empowers NFT holders to stay liquid while maintaining their NFT ownership. SupraOracles will support this mission by supplying the data Strip will use to assess NFT value. Our team is passionate about the NFT space and is excited to kick off this partnership with Strip Finance.”
SupraOrcales is a part of Mastercard’s inaugural Start Path program, a global acceleration program designed to support fast-growing digital assets, blockchain and cryptocurrency companies.
About Strip Finance
Strip Finance is building a collateralised NFT borrowing and lending platform initially launching on Binance Smart Chain. The platform’s ability to collateralise NFTs through its liquidity protocol enhances the value proposition for both asset owners and yield-seeking investors.
The idea was conceptualised in response to the global explosion of interest in digital ownership by a team that comprises experienced crypto entrepreneurs, operators, and stalwarts of the crypto industry as advisors and investors.
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.