‍As of the 7th of December 2023 — Northstake is now a validator for the Flare network.  As a validator, Northstake will help secure and verify transactions on Flare, a data-rich EVM smart contract platform that expands the utility of blockchain. Additionally, as a data provider for the Flare Time Series Oracle, Northstake will support the provision of accurate decentralized data feeds to applications on the network. 

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With decentralized oracles built into the structure of the network, Flare is the only smart contract platform optimized for decentralized data acquisition, providing developers with all of the data and data proofs they need to build scalable and interoperable decentralized applications. As a leading industry blockchain, Flare offers an innovative approach to blockchain interoperability, smart contract capabilities, and decentralized data access making it a valuable resource for developers, blockchain users, and investors.

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Jesper Johansen, Founder and CEO of Northstake, said: “We are excited to support Flare as they build a platform to enable scalable and interoperable DApps. As a Danish and EU-regulated virtual asset service provider, Northstake aims to enable compliant institutional participation in this new ecosystem. By becoming a Flare validator, we further our mission to enable institutions to engage in the emerging digital asset economy seamlessly.” 

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By partnering with Flare, Northstake is reinforcing its commitment to maintaining the highest standards of security and compliance. This collaboration will not only benefit existing clients but also attract new users seeking a trusted and compliant platform to engage in virtual asset transactions and staking solutions. By combining expertise, innovation, and a shared vision, Northstake and Flare remain poised to empower investors to thrive in the virtual asset era.

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Hugo Philion, Co-founder & CEO at Flare, said: “We are pleased to welcome Northstake as an official validator and data provider for Flare. We are grateful for their support for our mission to create a decentralized network for data and their willingness to move beyond the industry standard offering of pure validation services to also operate as a data provider for the network’s native oracles. Their experience as a regulated institutional staking provider offers valuable insight. Northstake's participation will help further decentralize Flare and unlock the network to a new cohort of users and investors.” 

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About Flare Network 

Flare is the blockchain for data, an EVM smart contract platform that expands the utility of blockchain. With decentralized oracles built into the structure of the network, Flare is the only smart contract platform optimized for decentralized data acquisition - price & time series data, blockchain event & state data, and web2 API data.

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By giving developers trustless access to the broadest range of data at scale and for minimal cost, Flare acts as a utility layer for the blockchain industry and supports the development of new and improved use cases.

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