Onboarding Application
Are you a merchant of luxury goods looking for a new market of premium clients?
Oracles
Oracles
The world’s most coveted collectibles from the world’s most trusted merchants.
Our trusted Oracles are experienced vendors of world-class luxury collectibles. We’ve now brought them on chain.
Frequently Asked Questions
What are Oracles?
When we reference the Altr marketplace, Oracles pertain to luxury dealers in various asset classes that have been onboarded on the Altr marketplace.
How do Oracles work?
In a blockchain protocol, Oracles are entities that are trusted by protocol participants to bring information that is unavailable on-chain. In Altr's case, Oracles are trusted to make the link between NFTs and real world assets. Altr’s Oracles guarantee with tangible authenticated evidence that tokenized products are real, in pristine condition and impeccably kept. The Oracles also use their expertise to reliably price these assets.
How do I become an Oracle?
Oracles have to apply to become official on Altr Marketplace, their candidacy will first be reviewed by the Lucidao Core Team. After initial due diligence, the Oracle will be presented to the Community that will vote following the DAO governance process to determine if a specific Oracle should be welcomed as an Official Oracle on the platform.
What happens if I become an Oracle?
Anyone with 1% of LCD delegated to their address can propose a governance action. All proposals are subject to a three day voting period, and any address with voting power can vote.