Originally published on: September 19, 2024
RedStone, a leading blockchain oracle provider, has made waves by integrating its cutting-edge price feed solutions into the innovative TON blockchain. This milestone marks the first oracle integration on TON, setting the stage for a new era of real-time asset price access for developers and projects on the network.
In a recent interview with Cointelegraph, RedStone’s COO, Marcin Kazmierczak, emphasized the significance of this integration, highlighting the challenges and opportunities it presents. Unlike traditional Ethereum-based systems, the TON blockchain’s unique technical architecture required RedStone to pave the way for oracle solutions.
Kazmierczak noted that being the pioneer oracle on TON meant charting new territory without existing examples to follow, making the integration a truly innovative endeavor. The complex message transmission system of TON, coupled with its emphasis on security measures, posed technical challenges that RedStone successfully navigated.
The integration of RedStone’s oracle price feeds on TON holds the potential to revolutionize the network’s ecosystem, particularly in decentralized finance (DeFi) applications. By providing crucial real-time data and price feeds, RedStone’s integration supports TON’s GameFi and social ecosystem, opening up possibilities for further expansion.
Looking ahead, RedStone is exploring opportunities in sectors like liquid staking and restaking oracles, leveraging its expertise to enhance TON’s functionality. The successful completion of a $15 million Series A funding round underscores RedStone’s commitment to driving innovation in the blockchain oracle space. Led by Arrington Capital, this funding round sets the stage for RedStone to continue pushing the boundaries of Web3 infrastructure.
As RedStone pioneers the integration of oracle solutions on the TON blockchain, the future looks bright for decentralized ecosystems seeking real-time data and accurate asset prices. Stay tuned as RedStone continues to lead the way in blockchain innovation.
