Boba Network Announces New Partnership with Band Protocol

Palo Alto, CA – September 10, 2021
Boba Network and Enya are thrilled to announce that as part of their continued effort to build a more trusted and secure Ethereum ecosystem, they are partnering with cross-chain data oracle platform Band Protocol. Backed by Sequoia Capital and Binance among other prestigious stakeholders, Band Protocol is a leading oracle solution used by DeFi and blockchain applications to secure over 10 billion dollars in value locked in smart contracts to date.
  • Band Protocol recognizes the current data security constraints and challenges that exist between Web 2.0 and Web 3.0. To combat this problem, Band Protocol has built a decentralized bridge that enables secure interoperability between smart contracts and the traditional web, connecting those smart contracts with trusted off-chain data and ensuring data integrity through token economic incentives.

    “Band Protocol’s commitment to creating both a more secure ecosystem while extending smart contract capabilities makes them a natural fit for this partnership,” said Alan Chiu, CEO of Boba Network. “Their blockchain-agnostic, decentralized oracle framework, coupled with Boba’s next-generation scaling solution will continue to enhance the user experience for users and developers - both current and future.” 

    Through this integration, the ecosystem of talented teams building on Boba Network will be able to leverage Band Protocol oracles to connect to external data providers in a reliable, accurate and decentralized manner. Band Protocol currently supports 230+ price symbols spanning across crypto assets, foreign exchange and commodities on the Band Standard Dataset which can be made available on a symbol-by-symbol basis for teams requiring price oracles.

    “Band Protocol is thrilled to bring decentralized oracles onto Boba Network to support the rapidly growing ecosystem of developers building on scalable and user-friendly layer-2 platforms,” said Kevin Lu, Head of Business Development of Band Protocol. “The integration begins with price oracles for crypto asset and foreign exchange, later expanding into bespoke and customizable oracles for a larger target market of decentralized applications.” If you are a developer building on Boba Network looking to utilize secure and decentralized oracles, we strongly encourage you to connect with Band Protocol through the following Typeform:

  • About Boba

    Boba is an Ethereum Virtual Machine (EVM) equivalent Layer 2 Optimistic Rollup that helps Ethereum smart contracts scale while delivering a delightful user experience. Boba enables Ethereum developers to build dApps that trigger code running on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are either far too expensive, far too slow, or practically impossible to execute on-chain.
  • About Enya

    Founded by Stanford faculty and alumni, Enya pioneered decentralized privacy and became the largest provider of secure multiparty computation services, serving more than 10 million users across 91 countries. Enya creates decentralized infrastructure solutions that serve the next billion users, leading with Boba Network. Boba is an Ethereum Layer 2 solution that scales and augments Ethereum, helping developers deliver a more delightful and inclusive user experience. Enya is a core contributor to Boba Foundation.
  • About Band Protocol

    Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.