Partnership with NFTY Finance

NFTY Finance is a cross-chain Web3 authentication layer used for subscription service, loyalty incentives and access management. NFTY provides verifiable ownership for digital assets, and $NFTY holders benefit as owners of the ecosystem currency that makes NFTs, and other digital assets, useful by automating their use as provable keys to access metaverses, gated content, experiences, communities, and much more.

We are excited to announce DIA’s new collaboration and oracle integration with NFTY Finance. With this new partnership, DIA will start delivering price oracles for the NFTY token, to power the NFTY Platform on Ethereum and the BNB chain. As the NFTY token will act as the primary mechanism for all functions within the NFTY ecosystem, DIA’s oracle services will play a critical role in the infrastructure of NFTY Finance.

In order to enable the accurate and reliable on-chain operations of the NFTY token, DIA has built a dedicated price feed oracle for NFTY. The feed was tailor-made for NFTY, with customized parameters such as update mechanism, frequency and computation methodologies. These requirements were transferred to DIA by submitting a DIA Custom Delivery Request (CDR) via the DIA DAO Forum and is publicly available to everyone.

→ See CDR #013: NFTY

To build price oracles, DIA employs a unique fully transparent, open-source approach. While most oracles depend on third-party centralised data providers, DIA simultaneously sources trade data directly from centralized and decentralized exchanges. This aggregated trade data is then computed and sanitised based on fully transparent methodologies, delivering the final price points.