Smart contract oracle network Chainlink started the new year with new partnerships and services across various aspects of the crypto ecoystem.
Money Flow Automation, NFTs, Database, Year in Review
Dominant smart contract oracle network Chainlink kicked off 2023 the same way it ended 2022 — by building relationships across the Web3 sector.
In this week’s roundup:
Cask Launches Chainlink Top-Ups
Chainlink BUILD program participant Cask Protocol unveiled a new Web3 money flow automation called Chainlink Top-Ups to ensure that protocols using Chainlink Automation and VRF always have an adequate balance of $LINK.
“Cask itself relies upon Chainlink for services such as Automation and Price Feeds. As we looked to increase the reliability and optimization of our protocol, it became clear that we needed a way to top up our LINK balances automatically,” according to a Cask blog post. “While Cask initially built the top-up solution for self-use, it’s now open as a common good available to all web3 builders who rely upon Chainlink services.”
Users can pay for top-ups using stablecoins. Cask supports top-ups on Arbitrum, Avalanche, BNB Chain, and Polygon.
1/ New automation! Chainlink Top-ups. Cask monitors a project’s LINK balance in a given Chainlink service, and when that balance drops below a defined threshold, Cask will automatically swap stablecoins for LINK and deposit it into the Chainlink service. https://t.co/hHbDiKXoh7
— Cask Protocol (@caskprotocol) January 3, 2023
NFT Game on Polygon
Non-Fungible Token (NFT) launchpad and marketplace OnePlanet integrated Chainklink VRF to power Randombox NFT reveals for horse-themed NFT game Derby Stars.
“As an NFT launchpad and marketplace, we’re excited to be using Chainlink VRF. Users are increasingly demanding proof of randomness and Chainlink VRF is the most reliable, secure, and transparent RNG solution in the industry,” OnePlanet CEO Pryce Cho said in a Medium post.
VRF ensured fairness and transparency in the reveal of 1,000 Derby Stars NFTs on Polygon.
“It’s easy to see why Chainlink VRF is the industry-standard RNG. With proofs published on-chain, it helps users verify that our Randombox NFT reveal mechanism is underpinned by verifiable randomness.” Derby Stars Founder/CEO Sean Hahm said.
Kwil Joins BUILD
Kwil has joined the Chainlink BUILD program to accelerate adoption of its permissionless relational database for the decentralized Internet.
“We are thrilled to join Chainlink BUILD, which will expand the use-cases and utility of Kwil. The Chainlink Network underpins the Web3 data ecosystem, facilitating the transfer of vast quantities of off-chain data on-chain,” Kwil Founder Brennan Lamey said in a Medium post. “Kwil extends Chainlink’s mission of decentralized data access by providing critical storage infrastructure to next-generation oracles, dApps, and smart contracts.”
Kwil is a protocol for designing, building, and deploying permissionless databases. Data providers and smart contract developers can use Kwil to store large amounts of structured data off-chain, without compromising decentralization.
For example, Chainlink BUILD program participant Truflation will use Kwil to store, manage and process its relational database systems containing inflation data.
By joining BUILD, Kwil will connect to the Chainlink ecosystem and gain enhanced access to technical support. In return, Kwil will commit a portion of its token supply to the Chainlink Network.
Chainlink Milestones From 2022
On the final day of 2022, the Chainlink Twitter account posted a thread recapping accomplishments from the year.
Highlights include:
- $6.9+ trillion in transaction value
- 5.8+ billion data points delivered
- 700,000+ Proof of Reserve checks
- Chainlink Economics 2.0
- BUILD and SCALE programs
- Chainlink Staking v0.1
- Hackathons, meetups, SmartCon 2022
- SWIFT Proof of Concept
Last four weekly Chainlink Roundups:
- Dec. 31: Blueberry, Magpie, Galileo, Fuse Gold
- Dec. 25: Aave, Robodex, FSN, VenturePunk
- Dec. 18: AOmetaverse, Coinbase Cloud, Arbitrum, T-Systems
- Dec. 11: Staking, Hackathon, BBA, Catheon, WigoSwap
What is Chainlink:
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offers global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
Website | Twitter | Docs | Community
This news is republished from another source. You can check the original article here