thenewscrypto.com
- Celo Foundation has announced that it is joining the Chainlink SCALE.
- The program covers the operating costs of Chainlink oracle networks.
The Celo Foundation has announced that it is joining the Chainlink SCALE (Sustainable Chainlink Access for Layer 1 and 2 Enablement) program to accelerate the adoption of its regenerative ecosystem.
.@CeloOrg has joined #Chainlink SCALE to accelerate #Celo adoption.
— Chainlink (@chainlink) April 25, 2023
With the upcoming launch of Chainlink oracles on Celo, devs in the Celo ecosystem will gain access to the time-tested data feeds they need to build a new generation of mobile-first dApps.https://t.co/JNpHKHSgl0 pic.twitter.com/1lVLrMTJxc
By participating in the program, Celo developers will gain access to low-cost, reliable Chainlink oracle data and services, which will aid in the growth and adoption of Celo in the long-term.
Chainlink SCALE is focused on increasing access to high-quality, low-cost, and in-demand oracle services for layer-1 and layer-2 blockchains. The program covers the operating costs of Chainlink oracle networks for a period of time, allowing L1/L2s in the program to mature while the operating costs of oracle networks can transition toward being fully covered by dApp user fees.
By participating in the program, the Celo ecosystem will maximize its chances of success by providing developers with industry-leading oracle data and services while miniming the gas fees incurred by Chainlink nodes when submitting oracle reports. Furthermore, this deployment of resources will help Celo become one of the most high-utility mobile-first layer-1 networks while giving its ecosystem developers access to reliable and low-cost oracle services for an extended period of time. This will lay the groundwork for Celo to support secure, fully featured, and highly efficient next-generation mobile application.
Benefits of Joining Chainlink SCALE for Celo’s Ecosystem
According to Xochitl Cazador, Head of Ecosystem Growth at the Celo Foundation, the community’s goal in joining Chainlink SCALE is long-term sustainability. The collaboration with Chainlink will enable the next generation of highly scalable Web3 mobile applications, and the Celo community welcomes Chainlink to their ecosystem.
Niki Ariyasinghe, Head of Blockchain Partnerships at Chainlink Labs, expressed excitement at Celo’s decision to join the SCALE program, which will support the growth and long-term adoption of its mobile-first ReFi ecosystem. Moreover, by reducing the operating costs of oracle nodes, it will be able to empower its developers to build more sophisticated mobile applications that help drive global Web3 adoption.
All-in-all, Celo’s decision to join the Chainlink SCALE program is a significant step toward the adoption and growth of its ecosystem. By providing developers with access to reliable and low-cost oracle services, the program will enable Celo to become one of the most high-utility mobile-first layer-1 networks and support the development of next-generation mobile applications.