Date of investment: 2023-03-02
Flare Network

DWF Labs is excited to announce our investment in Flare, a layer 1 EVM-based blockchain that enables developers to create an ecosystem of robust and decentralized interoperability applications. Flare's core protocols, the State Connector and Flare Time Series Oracle, allow information from other chains to be securely and trustlessly used on Flare and deliver highly decentralized prices and data series to dapps without relying on centralized providers.

Flare's scalable EVM allows existing EVM tooling and Solidity to be used to launch any existing or envisaged EVM dapp on Flare, while its next-generation technology brings fast, secure, and efficient transactions with very low gas fees and a small carbon footprint. With Flare, developers can build bridges, use secure data relay with Flare's State Connector, utilize state from any connected chain, and take advantage of decentralized price and data.

By using Flare's robust interoperability and pricing protocols together with scalable EVM-based smart contracts, developers can expand the reach and value of their products, build with Flare to serve multiple ecosystems, and unleash the full potential of blockchain. We are excited to support Flare's mission to provide reliable decentralized prices, secure state acquisition from other blockchains, and scalable EVM-based smart contracts.