Chainlink and These 7 Altcoins Announce New Partnerships!

The Celo community voted to join the Chainlink Scale program. Elsewhere, GMX announced its partnership with Chainlink Labs. Celer Network implemented the integration for Injective and Astar Network. Nansen announced a partnership with Google Cloud. Finally, NEAR is collaborating with Cosmose AI. Keep reading us for details…

Celo joins the Chainlink program

More than 90 Celo community members voted to join the Chainlink Scale program. On the other hand, three people voted not to participate. The first mobile Blockchain Celo joins Chainlink’s Scale program. Thus, he will have the opportunity to pay with his own CELO token. Therefore, the data provider will have access to oracle services at a relatively low cost.

The Scale program was established to accelerate the growth of Blockchain and layer-2 ecosystems by providing access to oracle services. Oracles enable Web3 systems to access non-blockchain data that can be used in smart contracts. According to the statement made on Tuesday, there are more than 1000 projects in the Celo ecosystem. Xochitl Cazador, the Celo Foundation’s head of ecosystem growth, said:

Our community’s goal of participating in the Chainlink Scale is long-term sustainability. Developers working on Celo will now have access to Chainlink’s oracle services. Thus, next generation highly scalable Web3 mobile applications will become possible.

Chainlink and GMX partner to improve performance

GMX is the largest decentralized perpetual exchange operating on Arbitrum and Avalanche. GMX announced its partnership with Chainlink Labs, a blockchain-based network. Chainlink provides secure and reliable decentralized oracle solutions for DeFi applications. The partnership came to support perpetuals, swaps, and liquidity after a successful community vote that enabled the integration of Chainlink’s low-latency oracles into the GMX V2 protocol.

Chainlink’s Chief Product Officer, Kemal El Moujahid, introduced low-latency oracles in November 2021. In his blog post, he explained how these oracles meet the low-latency, low-cost requirements of DeFi derivatives. He also said how it mitigates risks related to arbitrage, front-running, MEV, data quality, and availability. These oracles provide a pull-based mechanism to access data off-chain and then pull it on-chain as required by users’ transactions.

The integration of Chainlink’s low-latency oracles will enable GMX to increase data security, minimize front-end risks, and improve performance. As you follow on Kriptokoin.com, GMX has been working with Chainlink Labs on the features of these new oracles since last year and is excited to be a launch partner for new low-latency oracles.

Integration from Celer Network for Injective and Primer Network

Celer Network announced that it has integrated the first bridging support for Injective, one of the Blockchains in the Cosmos ecosystem. This integration will enable cross-chain bridging between Injective, Primer and the larger Cosmos and Polkadot ecosystems for assets such as INJ, ATOM, ASTR and DOT.

The fastest Blockchain for financial applications, Injective boasts the fastest block times within the Cosmos ecosystem. The recent integration of institutions like Pyth and Galaxy has further solidified Injective’s status as a key Tier-1 Blockchain in the industry. Now bridging support will enable Injective’s financial apps to integrate with Astar’s ecosystem, allowing teams to build new decentralized solutions.

To provide Polkadot interoperability to Celer bridged INJ and ATOM, the two tokens have been deployed on the Primer as xcINJ and xcATOM with XC20 compatibility. It is then possible to transfer these tokens from Astar to the wider Polkadot ecosystem. On the other hand, users will get CW20 ASTR and DOT when bridging to Injective. Meanwhile, Celer is committed to supporting further bridge building between EVM ecosystems, Polkadot and Cosmos. In the future, they plan to add a sophisticated public message relay integration to allow Injective ecosystem projects to leverage massive amounts of liquidity and users from the wide variety of Blockchains Celer supports.

Nansen and Google Cloud, Web3 Startups come together

Nansen, a blockchain data analytics platform, announced a partnership with Google Cloud. This will provide real-time, high-quality blockchain data to projects in the new Web3 startup program. This collaboration will allow projects in Google Cloud’s Web3 startup program to unlock on-chain data and insights using Nansen’s suite of products. Thus, it will enable them to stay one step ahead of the competition. It will also allow them to navigate uncharted waters in the blockchain space.

The use of on-chain data is becoming more and more important for data-driven decision making in the blockchain space. It is possible for users to measure sentiment and investor behavior by collecting and analyzing this data. They also have the opportunity to gain in-depth knowledge of capital flows in various ecosystems. Moreover, Nansen’s platform has dashboards covering everything from tokens to DeFi and even NFTs, powered by real-time on-chain data enriched with more than 250 million wallet tags.

Through this partnership, projects in the Web3 startup program will have access to Nansen Query. This will allow teams to write their own queries. It will also allow Nansen to generate their own insights from unique and comprehensive datasets. Meanwhile, industry-leading names like OpenSea and MakerDAO are already using Nansen Query for a variety of purposes, including user segmentation, monitoring market trends, competitor analysis, and powering their own in-house business intelligence dashboards.

NEAR partners with Cosmose AI

The NEAR Foundation announced a collaboration with Cosmose AI on April 24. In this context, NEAR aims to customize shopping using Web3 experiences. The duo will allow users to buy and sell cryptocurrencies with cheap transaction costs. It is also developing a payment system that will save money for both buyers and sellers.