Kylin Bi-Weekly Community Update #16: Partnership

Partnership with Capsule Corps Labs

As Kylin gets closer to its minimum viable product (MVP) launch, it is essential to gather support from intending and existing Parachains who intend to utilize the Kylin Oracle. Last week, we were happy to announce our strategic partnership with Ternoa, developed by Capsule Corp Labs; Ternoa makes NFTs’ mass adoption possible by standardizing on-chain NFT functions, coupled with a javascript Software Development Kit (SDK) to reach out to the most significant possible number of developers.

The partnership aims to explore the possibilities of dynamic NFTs from a synergistic data exchange standpoint between the Kylin Network and Ternoa. Once Ternoa achieves its parachain status on Polkadot, a bi-directional data channel will be established between both parachains. A non-binding letter of Intent was initiated between both parties, stating that once Kylin Oracle goes live, Ternoa will be part of the early adopters of the Kylin Oracle service.

Future Partnerships with other Parachains

Currently, the Kylin team is carrying out our business development endeavors in reaching out to parachains on the DOTSAMA ecosystem, working on having a symbiotic relationship that will see these parachains utilize the Kylin Oracle once it goes to mainnet. Kylin will have interested parachains install the Kylin pallet that will form a bi-directional data flow that will see each parachain report feeds to the Kylin Oracle. Kylin will feed that given parachain data based on the parameter/specifics requested, making it truly composable and configurable.

We’ll have more strategic announcements in the coming weeks/months once the team completely seals ongoing and prospective conversations with DOTSAMA parachains. With this in place, Kylin will hold a parenting role in the ecosystem, making it a Data Center for the Polkadot and Kusama ecosystems.

Kylin Oracle MVP Coded Delivered to Substrate Builders Program

Post Kylin’s parachain auction victory, the technical team has worked closely with the Substrate Builders Program on specifications for the Kylin Oracle. We’re happy to share that on the 22nd, Kylin’s Tech Lead, Sylvain, and Kylin’s Strategic lead, Dylan Dewdney, had a call with the Substrate builder’s program, where we delivered the codes for the Kylin Oracle MVP.

The code base will be reviewed, and a feedback process will take two weeks. Until then, fingers crossed.

Kylin Code Upgrade: The Kylin team, earlier this month, successfully upgraded our substrate pallet code to Polkadot-v0.9.30. This makes Kylin Network one of the few parachains to achieve this feat.

Whitepaper Updated: The Kylin Whitepaper has seen some updates by Kylin’s Tech Lead, Sylvain Cormier. Some of the updates implemented in the recent review include the tokenomics of both Pichiu and DOT-KYL, as well as incentives/rewards for network participants. You can find the updated Whitepaper here, more information on this will be released as the Kylin Oracle becomes available.

The web3 space has been nothing short of a frenzy in November; this brought about new lows, which only worsened the market climate. Despite all the negatives, this didn’t stop the Kylin Team from firing from all cylinders as it kicked off its show and tell November while speaking about its MVP.

• YouTube Video Interview With BlockchainAndy: Kylin’s Tech Lead, Sylvain Cormier, and Marketing & Operations Lead, Agbona Igwemoh, were guests during an exclusive interview with BlockchainAndy. The conversation was about technicality, Polkadot’s choice amidst other Layer0 blockchains, and the journey to securing a parachain auction.
• Twitter Spaces with BlockchainAndy: The Kylin team also had a Live AMA on Twitter Spaces with our good friend, BlockchainAndy. This interactive session was recorded for interested community members listening pleasure.
• Kylin featured in Polkadot Weekly roundup x2: Kylin Network’s monthly technical update was first featured in the Polkadot weekly roundup. Then Kylin’s latest partnership with Ternoa blockchain, which received a lot of attention around the DOTSAMA ecosystem and beyond, ultimately, got featured in the latest Polkadot weekly roundup.
• Polkadot Hackathon LATAM Duties Continues: Since the announcement of Kylin’s invitation to host a workshop led by Kylin’s Tech Lead, Sylvain Cormier, during the Polkadot LATAM hackathon, the team has been involved with the extensive workshop that has lasted for over a month now. Recently, Kylin’s Strategic Lead, Dylan Dewdney, had a mentorship session with all the teams. And currently, Kylin’s Marketing and Operations Lead, Agbona Igwemoh, is acting as one of the Judges for the various groups. You can check out team Kylin on the Polkadot LATAM official website.
• AMA with Ternoa Team: With the latest partnership between Kylin and Ternoa, both teams have agreed to have a bi-directional AMA. First, the Kylin team was at Ternoa’s Discord Server, where they were hosted for an exciting AMA session with the community. Today, Kylin will host Ternoa on the official Telegram channel via voice chat for an immersive experience.

Community Update: In order to attain high quality in community periodic update that Kylin shares with it’s community, we’ve decided to make the weekly update now come bi-weekly. This will take effect immediately and will remain so for the foreseeable future.

Kylin Network strives to be a composable and configurable multi-level oracle infrastructure built as a Polkadot parachain, for the democratization and delivery of accurate data on time, at a reliably low cost. Kylin hopes to offer a way for chain-agnostic APIs to serve data according to service level agreements (SLA) that the consumers of this data will be aware of.

Data source compatibility beyond price feeds will bootstrap a free data market. This will allow market demand to determine the direction of the innovation of a feed, its price, and supply. With dynamic NFTs & SFTs, Kylin’s ongoing development will innovatively tokenize data streams that democratically will be accepted on the Kylin Network.

Originally published at https://kylin.substack.com on November 24, 2022.