Concordium is a pioneering blockchain network with a focus on trust and privacy, where they will be the first, and primary oracle, providing price feeds and custom data solutions to their ecosystem.

Introducing Concordium

Concordium is a distinctive blockchain platform designed specifically for business applications, with a unique focus on solving key issues such as confidentiality and accountability. As a decentralized layer 1 blockchain, Concordium is focused on ID-verified transactions, prioritizing user privacy, and offering quick and cost-effective transaction solutions. This makes it particularly appealing for businesses seeking blockchain technology that meets these critical requirements while maintaining a decentralized framework.

At its core, Concordium stands out as the world’s firstscience-based proof-of-stake blockchain with identification features integrated into the protocol. This integration is designed to comply with regulatory standards, ensuring that the platform meets the necessary legal requirements for business operations. Additionally, Concordium is a permissionless and decentralized platform, equipped to host a variety of use cases, and its native token, CCD, is used for transaction fees and executing smart contracts. This positions Concordium as a versatile and compliant solution in the blockchain space, suitable for a wide range of enterprise applications.

Umbrella Network’s Support for Concordium

Umbrella Network will play a pivotal role as the first oracle to deploy on Concordium. Their On-Chain Solution will empower all applications operating on Concordium, providing them with access to crucial price feeds and other custom data solutions.

This deployment is not just about expanding our services, it’s also about creating an ecosystem where Umbrella can support all projects and accommodate their custom requirements.

This partnership entails further technological collaborations between both teams that will shape the way data can be delivered to blockchain projects.

“Partnering with Concordium is a milestone for Umbrella Network. This collaboration is not just about integration; it’s about creating synergies that will drive innovation and growth in the blockchain space. Concordium’s focus on Real World solutions for regulated markets is an exciting prospect that our oracle network will look to support,” said Philippe Engels, Head of Partnerships at Umbrella Network.

CTO/CPO Nibras Stiebar-Bang from Concordium said, “This partnership with Umbrella Network marks a significant step towards enhancing our ecosystem. We’re excited about the possibilities this collaboration opens up for our ecosystem and its users. Safe on and off-chain data availability is crucial for projects developing on Concordium.”

Conclusion

This partnership signifies a pivotal point in their roadmap, expanding Umbrella Network onto new Layer-1 and Layer-2 platforms. Collaborating with Concordium marks a significant step in broadening the adoption of their oracle services. They are excited to delve into this ecosystem and support a range of innovative new dApps.

About Umbrella Network

Umbrella Network, is a decentralized oracle service that provides blockchain projects with secure, scalable, and customizable data solutions.

Umbrella offers smart contracts a broad suite of solutions, whether it is high frequency pricing updates, aggregating large volumes of data at scale, or providing tailored price feeds for specific needs. Secured by a network of decentralized community validators, Umbrella can provide any data that you need when you need it.

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About Concordium 

Concordium is a blockchain technology designed for businesses that need a transparent, secure, and reliable platform for their operations. It offers features such as identity layer, regulatory compliance, and transactional privacy, making it ideal for businesses that require a high level of security and privacy. Concordium aims to deliver a blockchain infrastructure that can meet the needs of enterprises and businesses in terms of scalability, security, and predictability. While also ensuring that the blockchain is transparent and accountable to the relevant regulatory authorities.

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Pixpel, an early-stage Mexican-based start-up and the Concordium Foundation to bring Insurance Policy to Web 3.0 Gaming.

This is a “Free and Open Grant ” by the Concordium Foundation to bring an innovative type of “insurance policy” concept to the NFT gaming market.

Introduction to Pixpel

The soon-to-be-launched P2E platform, Pixpel, will provide a variety of services, including an NFT marketplace and insurance policy to ensure the play-to-earn sector can match Concordium’s signature commitment to safety and accountability in every aspect of Web 3.0.

As the first decentralized blockchain with identification at the protocol level, helping facilitate regulatory compliance, Concordium shares Pixpel’s ambition of a legitimate and secure ecosystem for the development and trade of NFTs with in-game utility.

Indeed, Pixpel’s insurance policy will protect users’ safety and rid the P2E sector of scammers looking to cash in on the lack of regulation and security in the space, thereby giving rise to a safer and more enjoyable Web 3.0 gaming community with a restored reputation.

Management Quote

“Play to Earn makes it possible for anyone to earn money playing their favourite games -an opportunity that has (up until now) only been reserved for the very best at grand tournaments. Unfortunately, the P2E sector has seen scammers looking to cash in on the lack of regulation and security in the space. Pixpel will collaborate with Concordium blockchain to provide the security and accountability the gamers need in order to feel safe.” says Torben Kaaber, Head of Business Solutions at Concordium.

Pixpel founder, Juan Vivas says: “I was 6 years old when I started playing games and fell in love with them, I still play. Later in my life, economics piqued my interest. The Play to Earn games are where my two passions met. I was deeply excited to see the sector growing and becoming an important part of the crypto metaverse, but just as saddened, because of the problems it faced. After a group of my friends suffered because of another mishandled project, I decided to use my knowledge and make the P2E space a better place – the idea for Pixpel was born. Together with Concordium and my team, we are determine to write a new, better page, in the history of P2E.”

About Pixpel

Pixpel, an early-stage Mexico-based P2E platform offering NFT marketplace, crypto trading exchange and financial services for crypto games with a view to make Web 3.0 gaming safer and more enjoyable for all.  Pixpel will provide a variety of services, including a NFT marketplace, a specialized P2E centralized exchange, and tools to trace the statistics of any project.

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About Concordium

Concordium is a permissionless layer 1, science-backed blockchain, designed to balance privacy with accountability through its ID layer and the use of Zero-knowledge proofs.

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SOURCE

https://news.cision.com/concordium/r/pixpel-and-concordium-bring-insurance-policy-to-web-3-0-gaming,c3629843

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