Supra, a leading provider of secure, scalable oracles for decentralized applications (dApps), has announced a partnership with Google Cloud to bring fast and reliable price feeds to Web2 and Web3 financial markets.
What is a price feed?
A price feed is a real-time stream of data that provides the latest prices for a variety of assets, including cryptocurrencies, stocks, and commodities. Price feeds are essential for dApps that need to access real-world data in order to function properly.
Why is this partnership important?
This partnership is significant because it will help accelerate the adoption of decentralized applications in the financial sector. By providing dApps with access to fast and reliable price feeds, Supra and Google Cloud are making it easier for developers to build innovative new financial products and services.
This partnership is expected to expand in the future to include other types of data, such as order book data and historical price data.
How will this partnership benefit dApps and their users?
The partnership will benefit dApps and their users in a number of ways. First, it will allow dApps to access real-time price data from a wider range of sources. This will make it possible for dApps to offer more accurate and timely information to their users.
Second, the partnership will help reduce the latency of price feeds. This is important because it will allow dApps to react to market changes more quickly. This can be beneficial for users who are trading or investing in real-time.
Benefits for Google Cloud
The partnership will also benefit Google Cloud. First, it will help Google Cloud expand its reach into the Web3 market. By working with Supra, Google Cloud can provide its infrastructure and expertise to dApp developers. Second, the partnership will help Google Cloud to develop new products and services that are tailored to the needs of the Web3 community. Third, the partnership will help Google Cloud to learn more about the Web3 ecosystem. This knowledge can be used to develop new products and services that support the growth of Web3.
By providing its infrastructure and expertise to Supra, Google Cloud is positioning itself as a leader in the emerging field of decentralized finance.
Conclusion
Overall, the partnership between Supra and Google Cloud is a positive development for the financial technology industry. It is expected to accelerate the adoption of decentralized applications and make them more accessible to a wider audience.
Disclaimer: The information in this article is not investment advice from CryptoChill. Overall, cryptocurrencies always carry many financial risks. Therefore, do your own research before making any investment decisions based on this website’s information.
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