Theory Ventures’ Post

Long before DeFi, oracles were a mark of cultural significance for empires across centuries. Michelangelo painted The Oracle of Delphi on the Sistine ceiling in Renaissance Italy. The painting depicts a high priestess who was thought of as the communication link between the people of Greece and the god Apollo. Just as ancient oracles served as conduits of divine wisdom and guidance, DeFi oracles bridge the gap between decentralized networks and the external world, ensuring that smart contracts operate with accurate, real-time data.

As part of the Kadena ecosystem, DIADATA is at the forefront of providing robust, transparent, and auditable data sourcing through oracles for #DeFi. DIA sets new standards for price oracles on Kadena, enhancing trust and transparency across DeFi applications. Discover how DIA is shaping the future of decentralized data integrity and availability. #DeFi #Blockchain #DataIntegrity https://lnkd.in/gx2vDyTx

🚀 New Research: Why DeFi Protocols Should Migrate to Pull OraclesKey findings:90% reduction in gas costs5x improvement in data freshness5x increase in scalabilityPull oracles offer enhanced efficiency, cost-effectiveness, and flexibility for #DeFi protocols.Learn how Pyth, Chainlink, and others are leading this revolution!#Blockchain #Crypto #Oracles Check it out below https://lnkd.in/d7q4amv9

One of exciting feature Chainlink offer is Data Streams in the realm of decentralized applications (dApps). It offer low-latency delivery of market data offchain, which can be verified onchain. This means dApps can now access high-frequency market data backed by a decentralized and transparent infrastructure whenever required. Unlike traditional push-based oracles that provide regular updates onchain based on specific price thresholds or time periods, pull-based oracles like Chainlink Data Streams ensure data integrity through onchain verification while offering higher frequency updates and lower latency. If you're interested in learning more about how to leverage these capabilities within your blockchain projects, I highly recommend exploring chainlink documentation which is the best place to start. https://lnkd.in/gmFgD8Ed #blockchain #chainlink #decentralizedapplications #solidity #web3

FTSOv2: Faster data delivery for the Flare Blockchain The Flare Network, an EVM-based Layer 1 blockchain that enables developers to create apps leveraging data from other chains releases an update as Layer 2s advanced. It represents a step toward Flare becoming the data blockchain.  The FTSOv2 will have a greater range of data feeds, quicker update times, and robust security and decentralization features, as well as a fast update feature for users who require regular data updates. https://lnkd.in/dbU5AwXW #crypto #blockchain #marketing #icoprbuzz

Most blockchain Oracle protocols don't provide users full transparency on where the Oracle-delivered data has come from, how the final value was calculated, or who has attested to its integrity. This lack of transparency is troubling. Verifiable data is more than just a nice to have; as a data consumer, we believe it's your right. We spoke to Brian Belhumeur to understand what the challenges were in creating the first on-chain verifiable data dashboard - The Chronicle:

I am excited to introduce Dune Analytics, a powerful tool for blockchain data analysis! Dune's user-friendly interface and robust querying capabilities make exploring Ethereum data a breeze. Whether you're tracking token movements or monitoring DeFi protocols, Dune Analytics is a must-have tool for any crypto enthusiast or professional. Explore the world of Ethereum data insights today and see the magic for yourself! Share your Dune Analytics experience and insights. Subscribe for more updates bit.ly/3LI8ZTT #analyticsengineer #web3analytics #dataanalytics #blockchain #duneanalytics #ethereum

We were grounded for a little while. But we're excited to share that CreDA is lifting off again as a more focused, Web3 data service. The CreDA Oracle is now customizable to support numerous applications, including: - DAO governance and management to help vet and reward positive behavior within the DAO community. - Smarter, more strategic community rewards, airdrops and benefits for members based on specific and detailed criteria. - GameFi Leaderboards, community segmentation and rewards for RWA, GameFi, DeFi, DePin. - Investment insights and trend analysis. - Real-time credit scoring for DeFi platforms who wish to understand the credit worthiness of users and offer lower lending rates and protect against bad actors. It's still early days, but we want to thank our community for sticking around. Please follow us to keep on top of upcoming news and updates. There's lots more to come! #Crypto #Credit #Creditscores #dataservices #blockchain #oracle

🔥 Summer just got even hotter 🔥 Streams and Functions are now FREE for all QuickNode users! Why does this matter? Imagine having real-time blockchain data at your fingertips—no more delays, no outdated info. That’s what Streams brings to the table: instant, accurate data straight from the chain. But we didn’t stop there. Pair Streams with Functions, and you’ve got a powerful duo that can process and transform data effortlessly. It’s like peanut butter and jelly, but for blockchain data! 🥜🍇 Whether you’re building the next big DeFi platform or launching a cutting-edge NFT marketplace, Streams + Functions will scale with you. Check out our blog to learn more - https://lnkd.in/ey4zR3CV

As we're now focusing on the blockchain and Web3 space more specifically, if there are any projects looking to partner or learn more about how we can support their community or ecosystem, let's chat!