RiveX teams up with Witnet Decentralized Oracle Network

RiveX will use the Witnet Decentralized Oracle Network to power the Sonce NFT platform and other DeFi initiatives!

How RiveX will use Witnet

RiveX is a chain agnostic interoperable layer-2 solution, aiming to empower the next generation of decentralized applications, decentralized finance, and enterprise solutions. As the RiveX dApp ecosystem expands, it will require an accurate, efficient, and secure methods for data retrieval. Witnet’s decentralized network of oracle nodes can trustlessly provide this data in an accurate, transparent, and censorship-resistant way.

Initial and immediate plans include utilizing Witnet on RiveX’s upcoming NFT platform — Sonce — to retrieve prices for NFTs pegged to real-world assets, including XAU. Both communities are working hard to ensure a timely and effective launch later this year.

Moving forward, the RiveX foundation will also be encouraging projects launched on the platform to use the Witnet protocol for ultimate reliability and decentralization.

Statement from Rivex

Statement from Witnet

About RiveX and Sonce

Sonce, RiveX’s new venture into DeFi, is an NFT minting platform, allowing users to mint NFTs based on real-world assets.

👇 More about RiveX 👇

RX Wallet | Sonce | WRDEX | Website | Twitter | Telegram | Medium | GitHub

About Witnet

👇 More about Witnet 👇

Run a Node | Website | Blog | Twitter | Discord | YouTube | Telegram | GitHub

Interoperable and Scalable Layer-2 Solutions