1.Opportunities

Filled with endless imagination, WEB 3 represents the future Internet format. Though everyone's definition of WEB3 may be different, there’s one thing clear: oracles is an essential component of WEB3.

WEB3 is a way to interpret the real world. Web3 smart contracts are like walls, they cannot access real-world data on their own. Oracles provide data to the on-chain world by acting as a reliable connection between data carriers, web API, and Dapp.

The current oracle machine ecosystem cannot meet the diverse needs of web3, as shown in:

· The ecological promotion of the oracle machine is very slow. The off-chain data source is mainly based on DEFI price feed. There aren’t many real assets connected to NFT, GAMEFI and RWA. The data source is relatively limited and cannot meet the needs of large-scale web3 adoption.

· Mainstream decentralized oracles fall short in terms of single-point-of-failure safety, price sensitivity and user privacy protection. Existing man-in-the-middle-based oracle API solutions are centralized, insecure, and expensive; and are only used due to lack of better alternatives.

DeCredit is an explorer of the new generation of oracles in the era of WEB3.0. Our goal is to evolve the protocol of DeCredit oracles to make it more decentralized and standardized, and to rapidly promote the oracle ecosystem in the form of DAO governance. The ultimate goal is to make DeCredit the critical infrastructure for WEB 3 to connect the real world.