Trustlessly Purchase NFTs Across Chains with Flare’s Interoperability Protocols

• Flare just completed a live demonstration of new interoperability functionality now available in beta on the network.
• Using two core interoperability protocols, an NFT was trustlessly purchased with the transaction taking place on a different chain using a different token.
• The demo highlights Flare’s ability to provide more types of secure, decentralized data on-chain in order to power new functionality and potential use cases for the industry.

Flare Launches Interoperability Functionality

Flare has just released a live demonstration of its interoperability functionality which is now available in beta. This allows transactions to take place on different blockchains using different tokens. The demo was performed on Flare’s canary network, Songbird.

Core Interoperability Protocols Used

The two core interoperability protocols used are State Connector and Flare Time Series Oracle (FTSO). State Connector enables information from other blockchains and the internet to be securely used with EVM-based smart contracts on Flare chains. FTSO provides highly decentralized price and data feeds to dapps on Flare without relying on a centralized provider.

NFT Purchased Trustlessly

The demonstration featured an NFT being trustlessly purchased with DOGE and XRP tokens via State Connector and FTSO respectively. The solidity code for ERC721 contracts was deployed with only minor modifications required for integration with the protocols mentioned above.

Unlocking Web3 Utility With Flare

Flare’s CEO & Co-founder Hugo Philion said that this demo highlights their ability to unlock web3 utility for legacy tokens, enabling their use trustlessly in dapps on the network. He also expressed excitement at seeing what further applications developers can create harnessing the capabilities of their native interoperability protocols.

Watch Demo Video

A video of the demonstration is available online here: