Sui (SUI) launches its own oracle 'Nautilus' mainnet…Strengthening Web3 trust infrastructure

JH Kim

Summary

Sui (SUI) announced the launch of its self-developed oracle 'Nautilus' on the mainnet.
Nautilus is said to strengthen the trustworthiness and scalability of the Sui ecosystem by providing tamper-proof and verifiable off-chain computation capabilities.
With this launch, the use of external data is expected to expand in various DApps and smart contracts.

On the 5th (local time), layer 1 blockchain Sui (SUI) announced via its official X (formerly Twitter) that it had launched its self-developed oracle, 'Nautilus', on the mainnet.

Sui stated that with this launch, it is now able to provide tamper-proof and verifiable off-chain computation capabilities for Web3 applications. An oracle is a core infrastructure technology that brings data from outside the blockchain on-chain, where it is used for things like smart contracts, payments, and token issuance.

The Sui team said, "So far, off-chain computation has acted as a 'bottleneck of trust'," adding, "Nautilus will enhance the scalability and reliability of the entire Sui ecosystem by securely bringing external data on-chain."

Nautilus is integrated into the Sui mainnet and is expected to be utilized in a variety of DApps and smart contracts. This is anticipated to further broaden the range of data utilization within the Sui ecosystem.

SUI