Flare Network is a layer-1 blockchain that provides decentralized access to high-integrity data from other blockchain chains and the internet. Flare Network is EVM (Ethereum Virtual Machine) based so it supports the creation of smart contract protocols and focuses on pricing oracles that pass asset prices to and from various decentralized finance (DeFi) applications.

Flare Network aims to make blockchain more useful by enabling new use cases and monetisation models, as well as allowing decentralized applications (dapps) to serve multiple blockchain chains through a single deployment. The project has raised $35 million in a private funding round from investors such as Kenetic and Aves Lair.