Canada’s Top Blockchain Infrastructure & Staking Provider Figment Network Strategically integrates With Band Protocol

Band Protocol is excited to integrate with Figment Networks, a trusted enterprise level validator that provides staking infrastructure for over 128M tokens and to 14 leading blockchain networks including Tezos, Cosmos, Polkadot and more. Figment Networks is backed by two leading blockchain venture capital firms, Lemniscap & Prota Ventures, and a founding team with over 30 years of experience scaling successful internet infrastructure and software companies.

Figment Networks is Canada’s largest blockchain infrastructure provider. Additionally, Figment Networks builds software such as their staking platform, Hubble, a real-world compliance and reporting tool. Band Protocol is pleased to collaborate with Figment Networks, not only for staking services, but for their multifaceted tooling and participation in community & governance, which ensures health of networks, and drives community engagement.

“We’re excited to participate in Band Protocol’s unique token-based approach to dataset availability and governance. Their D3N network has the potential to improve the standard for oracle security and allow for many new and niche applications to be brought on-chain.”

Andrew Cronk, Co-founder & Head of Product of Figment Networks

“To work closely with the number one blockchain infrastructure and staking provider in Canada is extremely thrilling for the development and decentralization of the BandChain ecosystem. We are proud to have the backing of Figment Network who strategically support top networks for the entirety of their lifecycle, from testnet, to mainnet, and beyond.”

Soravis Srinawakoon, CEO & Co-founder of Band Protocol

Working with Figment Networks will allow Band Protocol to extend and strengthen its presence in North America. We believe this integration will grow the adoption and use-cases of decentralized applications. As we transition into a space that is drawing increasing importance on oracles, it’s essential to have the top validators across the world supporting the launch of BandChain to maximize security and decentralization.

About Figment Network
At Figment Networks our mission is to support the wider adoption, growth and long term success of stake based protocols. This is Figment’s unique approach to Proof of Stake: we provide not just enterprise-grade delegation services to token holders, we build open source software such as the Hubble staking explorer, real world compliance & reporting tools, and actively participate in community & governance.

Figment’s physical IDC, technical operations, development and management team are based in Toronto, Canada.
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About Band Protocol
Band Protocol is a cross-chain data oracle platform with the aspiration to build high-quality suites of web3 development products. The flagship oracle solution aggregates and connects real-world data and APIs to smart contracts, enabling smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle.

More about Band Protocol: https://linktr.ee/bandprotocol