NewsletterRipple Backed Flair Networks Onboards AI Startup
Flare Networks (FLR), the Ripple backed decentralized oracle service provider has announced the onboarding of Atriv, a Web3.0 digital platform powered by Artificial Intelligence (AI) technology.
The Choice of Atriv
Flare is gaining traction in the digital currency ecosystem as a protocol that is embracing diversity in a unique way. Atriv is an AI-powered digital arts outfit that will bring a no-code prompt-generating NFT platform to the Flare network, making art creation and tokenization more accessible.
The generation of blockchain protocols making their way into the industry today are notably focused on offering Real World Utility and the Atriv solution appeals mostly to an industry that needs it the most. Besides simplifying the process of NFT issuance, Atriv is also suitable for artists, businesses and collectors across the board.
The integration between Flare Networks and Atriv is a mutually beneficial one that will see a trove of expert artists make their way to the Flare ecosystem while the AI-powered outfit will gain access to highly functional data to help boost productivity across the board.
The NFT space remains one of the least accessed offshoots of blockchain technology and as Flare outlined, the goal of the integration is to drive a wider adoption in this area through enhanced accessibility.
Flare Networks Tapping Functional Partnerships
The launch of Flare Networks was done in a grand style with airdrops distributed to users based on an earlier snapshot of XRP holdings on exchanges and wallets. At this early stage, many firms supported the debut of Flare Networks including Coinbase and Binance exchange amongst others.
Since its inception, the protocol has been inking new partnerships with top firms and besides the Atriv integration, one of its latest partners is oracle Daemon as it looks to drive user experience in the Web3.0 space.
Flare is looking to gain a market share in a niche already dominated by the likes of Chainlink (LINK) and The Graph (GRT). While the odds appear slim in the short term, the steady growth tracks it is printing have a potential to uplift its ranking as a decentralized oracle service provider for DeFi and NFT systems.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Firelight Confirms November Mainnet as Flare TVL Rises and Xaman Introduces Smart Accounts
- Cardano News: Wirex Partners EMURGO To Launch First Ever ADA Card
- Hyperliquid Rival Lighter Raises $68 Million at $1.5 Billion Valuation
- $37B Bank SoFi Launches Crypto Trading For Retail Customers
- China’s CVERC Accuses U.S. of Stealing 127k Bitcoin Amid Rising Government Crypto Adoption
- Can Dogecoin Price Hold Above $0.17 Amid Weekly Surge?
- Chainlink Price Could Crash as 3 Risky Patterns Form Amid Whale Selling
- Cardano Price Could Reclaim $0.7 After Key Stakeholders Add $204M in ADA
- Uniswap Price Soars 21% on Fee Switch and Token Burn Proposal— Eyes $15 Target
- Bitcoin Price Eyes Bulls as Crypto Market Structure Bill Draft Finally Drops
- SUI Price Prediction: Analyst Eyes $20 Amid Bluefin Partnership and 2M Token Lending Deal
