Forward Protocol Strategic Collaboration with Umbrella Network
Umbrella will be integrated in the Forward Factory to provide oracle and data solutions to the plug and play builder. It will also assist with Forward Protocol and its enterprise customers with complex and custom data solutions to bring their data on chain. Umbrella complements Forward Protocol’s vision of making smart contract solutions accessible to mass markets and driving blockchain adoption in mainstream businesses through over 3,000 data pairs. They remain committed to delivering the ultimate blockchain adoption template for every user that wants to explore this irresistible option.
Umbrella enhances our vision for Web3 adoption with its low cost, scalable, and secure data solutions. We look forward to collaborating as we work towards fast-tracking mass adoption.
— Mitch Rankin, Forward Protocol, co-founder
We’re excited to be partnering up with Forward Protocol and supporting their vision of drag-and-drop smart contracts. We’ll be adding their FORWARD token as Layer-2 data on the day of launch to Umbrella Network’s decentralized oracles and shall become a key component of their forward factory to service the authentic and always-fresh data requirements of dApps using Forward Protocol.
— John Chen, President of Umbrella Network
Forward Protocol
Forward Protocol uses an easy-to-use WordPress-like model to facilitate a no-code environment that users can use to deploy their blockchain applications without technical knowledge. Forward Protocol has elements of NFT, DeFi, Gamification, AI, ML and Social Tokens inbuilt that connect the value-driven economy. Applications and smart contracts from Forward Protocol can be deployed on any EVM compatible chains in one click. Forward Protocol is cross-chain compatible, industry-agnostic, and adoption-focused, with an ultimate goal to fast-track mass adoption of Blockchain Technology.
Umbrella Network
Umbrella Network is a community-owned project where stakers, developers, validators, and the foundation govern the network’s operation together. This decentralized oracle service provides low-cost, scalable, and secure smart contract solutions. Their service facilitates and offers blockchain developers access to over 1200 data pairs. Umbrella’s Layer 2 technology utilizes the latest advancements in Merkle Tree technology to create multiple data points on a single on-chain transaction.
