On 14th October, SupraOracles, a firm that protects “real-time” data through cross-chain connectivity, confirmed its partnership with Nahmii, an Ethereum layer-2 scaling solution. While Ether is a fantastic network with a lot of great features, it does have certain drawbacks. Nahmii is a layer-2 solution for Ethereum that solves its limited bandwidth, expensive and unexpected fees, delay, and postponed finality. Nahmii uses horizontal scalability to handle payments at a rate that other tier 2 solutions can’t beat. Service charges are modest, and even better, they are clear before they are executed. From supply-chain management solutions to NFT systems, Nahmii efficiently offers solutions for various dApp applications.
Nahmii will employ SupraOracles to establish the pricing of NFTs and allow the community to decide whether NFT is desirable or not. Off-chain vote and pricing feed information will be properly assessed via the network, thanks to SupraOracles’ oracle solutions.
According to Jacobo Toll-Messia, Nahmii’s CEO, as the nascent billion-dollar NFT sector keeps growing, the need for a more optimized and efficient gas price structure has taken on new urgency. SupraOracles’ unique approach coupled with Nahmii’s robust layer two scalability solutions does just that. Collectively, they are laying the groundwork for the further expansion of this fascinating new asset class.
According to Joshua D. Tobkin, SupraOracles’ CEO & Co-founder, Nahmii is a game-changer for dApps developed on Ethereum. He expressed his delight in helping them achieve their goals and forming a long-term relationship that will lead to many more partnerships in the future.
SupraOracles aims to connect conventional financial systems with the Web3.0 ecosystem. Its aim and mission are to provide a revolutionary Oracle toolkit to the development community, allowing them to easily construct, launch, and manage the data apps with better performance, durability, and mobility.
The team includes experts in consensus mechanism design, random study, actual data solutions, wealth management, virtual stocks, conventional stock exchanges, big data, doctoral academia, big 4 consultancies, blockchain technology, and DeFi.
SupraOracles wants to solve the oracle conundrum and, in the end, drive the era of finance with the help of a rising development community and a growing list of collaborators.
Nahmii is a groundbreaking layer-2 scalability system for the Ethereum blockchain that offers unrivaled throughput, minimal latency, quick finality, and consistent fees. In addition to its stellar performance, Nahmii is particularly capable of supporting institution use cases by enabling developers to meet KYC/AML and other applicable regulations on-demand. Nahmii includes a full set of developer tools and is completely interoperable with Ethereum, which reduces the learning curve for new developers and makes it simple to convert existing Ether agreements.
Nahmii 1.0 was the first layer-2 payment network built on Ether in 2018. The Nahmii group has worked extensively on Bitcoin’s lightning network and Plasma and a content delivery network with a daily user base of 50 million.