API3 has signed a strategic partnership with Royale Finance to supply price data for Royale’s network participants to improve the transparency of cryptocurrency price conversions.
As Royale develops its ecosystem of iGaming & DeFi (iGDeFi) partners and products, there is a requirement for pricing oracles that provide a level of transparency that falls in line with the underlying Royale Kingdom’s core values — those being trust, reliability and verifiable sources of truth. API3 provides price data over Airnode-enabled APIs that can be utilised in currency conversions and are looking into ways of using this to improve the transparency of data sourcing and processing to users.
“The ability of blockchain to provide a transparent, permanent record allows businesses to use it to provide proof of their honest behavior. Airnode can allow this without having to trust third parties to accurately relay the data, and we’re excited to see it used to improve trust levels in the iGaming industry,” Heikki Vänttinen, Co-Founder of API3, said.
“For Royale the transparency that API3 seeks to create fits perfectly into the Royale ecosystem. The first party API3 oracles which are operated by the API providers allows for a tamper free ecosystem that cannot be compromised. I will genuinely admit to being a fan and cannot wait to integrate API3 into our beloved Royale Kingdom and beyond,” Giorgio Andrews, CEO of Royale Finance, said.