NFT Bought on Flare with Different Blockchain Tokens

Layer-1 project Flare has completed a live demonstration of the new interoperability functionality available in beta in its ecosystem.

Using two key interoperability protocols, State Connector and Flare Time Series Oracle (FTSO), an NFT was reliably purchased, with a transaction taking place on a different blockchain network with a different token.

This NFT demo was conducted on Flare’s canary network Songbird with a purchase using DOGE and XRP tokens.

DOGE and XRP Used in Flare Network

Flare has made a demo NFT purchase on its ecosystem. DOGE and XRP tokens were used in this transaction.

Flare’s State Connector protocols enable the secure and scalable use of information from both other blockchain networks and the internet with EVM-based smart contracts on the Flare network. In this case, it was used to prove that a transaction was confirmed on a non-Flare blockchain network while also verifying that the correct payment reference was included.

Flare Time Series Oracle (FTSO) offers highly decentralized pricing and data feeds to dApps on Flare without relying on a central provider to bring data to blockchain networks. For promotion, it reveals live updated price of NFT in other blockchain network’s cryptocurrency.

Since Flare is an EVM-based blockchain network, anything that can be done on Ethereum and other EVM networks can also be performed on Flare. Therefore, the NFTs printed in the demo are standard ERC721 contracts written in Solidity and deployed to the network. The only change required is the addition of methods to integrate with the FTSO and the State Connector.

Flare CEO and Co-Founder Hugo Philion said the following on the subject;