The Phala team announced on October 23 that it had partnered with Bondly to add on-chain privacy protection to Bondly products and jointly create a Web3.0 solution to next-generation digital payments and improve user experience featured for privacy-preserving operations.
This partnership further accelerates Bondly’s vision for an ambitious new protocol that will provide interoperable DeFi tools for over-the-counter (OTC) exchanges and the digital marketplaces of the future.
Brandon Smith, CEO of Bondly stated: “We look forward to working with Phala to enable smart contracts to create more privacy for buyers, sellers, and OTC traders. This partnership today will vastly enhance Bondly’s vision for a more powerful DeFi experience ”
Phala Network is the first confidential contract network with composability and interoperability, and 80% of the top 10 contracts on Ethereum invoke or interact with these contracts.
Smith further hinted at the capabilities of this partnership: “through confidential smart contracts, we believe that Phala Networks can bring even more exciting, and compelling, use cases for Bondly’s NFT platforms and our growing ecosystem of products.”
Phala Network is based on Substrate. It offers confidential contract capability to other blockchains with Polkadot’s XCMP. Eventually, all the blockchains can share Phala’s infrastructure and reduces computing power costs.
About Phala
A Substrate-based confidential smart contract blockchain on which you can develop confidential-preserving and privacy-first blockchain apps. Member of Substrate Builders Program starting lineup. Recipient of Web3 Foundation Grant.
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