Coming soon: Orakl Network, a Klaytn-focused decentralized oracle network

We’re excited to announce the development of Orakl Network, a decentralized oracle network designed specifically for Klaytn.

Just as a well-tailored suit is custom-made to fit the unique body shape and preferences of an individual, Orakl Network is built from the ground up to meet the specific needs and requirements of Klaytn dApps that off-the-shelf solutions often fall short on.

Beyond optimization for Klaytn on an infrastructural level, Orakl Network will also prioritize the provision of new data feeds based on the needs of dApps in the Klaytn ecosystem. This will enable more unique use cases on Klaytn by providing high performance, unique data feeds unavailable on other oracles, giving builders more creative freedom to explore.

In addition, Orakl Network only accepts $KLAY for its fees, driving greater demand and utility for $KLAY. Every time the Orakl Network provides data to a dApp on Klaytn, a portion of the fees collected will be burned, contributing to our long-term goal of creating deflationary tokenomics for $KLAY.

As the first Klaytn-focused oracle service, Orakl Network will play an instrumental role in driving sustainable, healthy growth of the Klaytn ecosystem.

To find out more and stay in the loop on the development and release of Orakl Network, please follow them on Twitter and Medium, read their documentation, or visit their website.