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An Overview of Chainlink's Latest Developments
Welcome to the latest edition of the Chainlink Weekly Round-Up!
In this ever-evolving landscape of blockchain technology, Chainlink remains at the forefront, driving innovation and reshaping how we interact with decentralized systems. With its ability to seamlessly integrate smart contracts with external data sources to ensure the utmost security and reliability, the Chainlink ecosystem has achieved nothing short of incredible feats.
Let's dive in and uncover the most remarkable achievements from the past week, showcasing the potential that Chainlink continues to unlock in pursuing a decentralized and interconnected world.
In this week's roundup
- Chainlink Launched Cross-chain Interoperability Protocol
- EtherScore Joins Chainlink BUILD
- Integration of Trekki NFT with Chainlink VRF
- Chainlink Automation Integration Into Oku
- Market Across Partners With Chainlink Labs
- Nature’s Vault Joins Chainlink BUILD
- Goonz Integrates Chainlink VRF
- Ahnlab Partners Chainlink
- Expand Network Integrates Chainlink Price Feeds
- Revolving Games Integrated Chainlink VRF
- Chainlink Announces Functions Playground
Chainlink Launched Cross-chain Interoperability Protocol (CCIP)
Chainlink announced its Cross-Chain Interoperability Protocol (CCIP), which has recently entered its Mainnet Early Access phase on the Avalanche, Ethereum, Optimism, and Polygon blockchains. Decentralized Finance (DeFi) protocols in derivatives and lending, such as Synthetix and Aave, have already adopted CCIP.
1/ The Chainlink Cross-Chain Interoperability Protocol (CCIP) has officially launched on Avalanche, Ethereum, Optimism, and Polygon mainnets.#LinkTheWorld pic.twitter.com/SdLVyaapg3
— Chainlink (@chainlink) July 17, 2023
According to Chainlink, CCIP is the most reliable, secure, and easy-to-use protocol for building cross-chain applications. Developers can build their cross-chain solutions through Arbitrary Messaging on top of CCIP. Moreover, it provides simplified token transfers (STPs) so protocols can transfer tokens across chains without writing custom code in a fraction of the time it would take to do so independently.
EtherScore Joins Chainlink BUILD
Ether Score has joined Chainlink BUILD to improve its on-chain reputation system's security and functionality by leveraging Chainlink Web3 services. Using EtherScore, Web3 projects can create NFT badges and soulbound tokens based on their on-chain behavior.
🏗️ #ChainlinkBUILD 🏗️@EtherScore is joining Chainlink BUILD to gain enhanced access to Chainlink's industry-leading Web3 services and technical support, which helps enhance the security and functionality of its on-chain reputation system.
— Chainlink (@chainlink) July 11, 2023
In return, EtherScore will make 5% of… pic.twitter.com/YmyY8ankM2
As part of BUILD, EtherScore will receive key benefits, including access to and integration of Chainlink Functions to fetch data from any API, enabling a variety of NFT badges and soulbound tokens, access to new Chainlink alpha and beta releases, and much more.
EtherScore will give Chainlink service providers and stakers 5% of its native token supply in return.
Integration of Trekki NFT with Chainlink VRF
Trekki NFT integrates Chainlink Verifiable Random Functions (VRFs) on the Ethereum mainnet. Featuring 10,000 dolphin-themed NFTs, the Trekki collection features gameplay mechanics that enable players to upgrade and evolve their NFTs over time.
.@TrekkiNFT—an NFT collection incubated by @Trip—is integrating #Chainlink VRF to help assign perks to holders that stake their NFTs.
— Chainlink (@chainlink) July 11, 2023
How VRF enables next-gen customer experiences👇 https://t.co/Zklg50E52b
With the recent integration, Trekkers will have automated and verifiable assurances that the perk generation mechanism is fair and has not been tampered with by Oracle or outside entities.
Chainlink Automation Integration Into Oku
Professional trading interface Oku is now using Chainlink Automation on Ethereum, Polygon, Arbitrum, and Optimism to enable secure and efficient limit orders on Uniswap V3 markets.
.@okutrade, a trading platform built for @Uniswap, has integrated #Chainlink Automation on @arbitrum, #Ethereum, @optimismFND, and @0xPolygon to help trigger limit orders on Uniswap.
— Chainlink (@chainlink) July 11, 2023
How Automation empowers devs to build advanced trading tools for users👇https://t.co/PGbxyWkm2g
In Oku's view, the infrastructure ensures that every limit order executed on Oku using single-sided liquidity is executed accurately and on time, inspiring trust and confidence among its users.
Market Across Partners With Chainlink Labs
PR and content marketing company, Market Across, has formed a channel partnership with Chainlink Labs.
Blockchain PR and marketing firm @MarketAcross has entered into a channel partnership with @chainlinklabs.
— Chainlink (@chainlink) July 12, 2023
The partnership will help support #Chainlink BUILD members in accessing premium content marketing services. https://t.co/tsBcgWwhOP
Through this channel partnership, Chainlink BUILD startups will receive services such as PR, content marketing, brand reputation, social promotions, influencer outreach (KoL), SEO, and more.
Nature’s Vault Joins Chainlink BUILD
Nature’s Vault has joined Chainlink BUILD for enhanced access to Chainlink's industry-leading Web3 services and technical support, enhancing the security and use of tokenized in-ground gold deposits.
🏗️ #ChainlinkBUILD 🏗️@naturesvault_io is joining Chainlink BUILD to gain enhanced access to Chainlink's industry-leading Web3 services and technical support, which helps support the security and use of tokenized in-ground gold deposits.
— Chainlink (@chainlink) July 13, 2023
In return, NaturesGold Token will make… pic.twitter.com/daAsOAtJI6
NaturesGold Token will benefit from joining BUILD by accessing Chainlink Proof of Reserve, which verifies gold deposit reports, Chainlink Automation, which triggers core functions reliably, and the beta and alpha releases of new Chainlink products. In return, NaturesGold Token will offer 4% of its native token supply to chainlink service providers.
Goonz Integrates Chainlink VRF
Goonz, a blockchain-based streetwear and lifestyle brand, has incorporated the Chainlink Verifiable Random Function (VRF) for its first marketplace draw on the Polygon network.
.@Goonz_World—a lifestyle brand born on the blockchain—has integrated #Chainlink VRF to help secure provably fair raffles for its community.
— Chainlink (@chainlink) July 13, 2023
Discover how provable randomness deepens connections between community and team👇https://t.co/RhmjnYIfqw
As a result of the integration, Goonz claims it will now be able to ensure a tamper-proof and auditable winner selection process.
Ahnlab Partners Chainlink
Ahnlab Blockchain company has entered into a partnership with Chainlink Labs. Through this partnership, individuals and businesses can conduct safe transactions across the Web3.
.@AhnLab_ABC has entered into a channel partnership with @ChainlinkLabs to help propel the adoption of secure Web3 infrastructure.
— Chainlink (@chainlink) July 14, 2023
Explore how Ahnlab Blockchain Company and Chainlink help individuals and enterprises conduct safe transactions across #Web3. https://t.co/bsG4bmAlzv
The protocol will facilitate the development of highly secure, easy-to-use web applications using Chainlink Web3 services. According to Ahnlab, Chainlink's Price Feeds will help display accurate fiat prices in BICScan, a newly launched service.
Expand Network Integrates Chainlink Price Feeds
Expand network has integrated Chainlink price feeds on the Ethereum mainnet.
.@expand_network—a universal API adapter for Web3—has integrated #Chainlink Price Feeds to help users retrieve high-quality cryptocurrency price data.
— Chainlink (@chainlink) July 14, 2023
Explore how Price Feeds empower developers ⬇️ https://t.co/4LBpx49BJm
As a result of integrating the Oracle network, Expand Network will be able to retrieve the prices of various cryptocurrencies and make them available through our API adapter with high-quality, tamper-proof price feeds. The team believes this will give its users stronger guarantees about the accuracy of token prices.
Revolving Games Integrated Chainlink VRF
Revolving Games have integrated Chainlink Verifiable Random Function (VRF) on the Ethereum mainnet.
.@Revolving_Games—the gaming studio behind Web3 MMORPG @SkyborneLegacy—has integrated #Chainlink VRF to help power the game's Immortals NFT mint.
— Chainlink (@chainlink) July 14, 2023
See how VRF helps provide verifiable randomness that helps secure NFT minting processes👇 https://t.co/kknAx7nKlp
The protocol combines the industry-leading decentralized Oracle network with the Skyborne - Genesis Immortals NFT mint to provide a tamper-proof, auditable source of randomness. According to Revolving Games, this creates a more exciting and transparent user experience, as users can be assured that NFTs are fairly distributed.
Chainlink Announces Functions Playground
Chainlink launched Chainlink Functions Playground, where anyone can test, experiment with, and learn Chainlink Functions without ever leaving their browser.
Announcing #Chainlink Functions Playground:
— Chainlink (@chainlink) July 14, 2023
A fun way to test, experiment with, and learn Chainlink Functions—without having to ever leave your browser. Call APIs and execute demo requests at the click of a few buttons.
Try Functions Playground now: https://t.co/blz7uSobLY
Using Chainlink Functions, you can access a trust-minimized computing infrastructure for smart contracts. A smart contract sends your code to a Decentralized Oracle Network (DON), which runs it in a serverless environment on each DON's Oracle. DON aggregates all independent runs to deliver a final result to your smart contract.
Last editions:
Chainlink Weekly Roundup: ThirdFi, Lympid, Stella, and Spring Hackathon
Chainlink Weekly Round-Up: Hackathon, Offramp, and Celo
Chainlink Weekly Roundup: K3 Kingdoms, DLT Payments and BackedFi
What Is Chainlink:
Chainlink is the industry standard for building, accessing, and selling Oracle services that power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. They currently secure tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offer global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
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