Chainlink’s oracle network will run Coinbase Cloud as the node operator to improve the delivery of high-quality data to various blockchain protocols.
Coinbase Cloud’s infrastructure currently serves several leading blockchain projects, including Ethereum, Solana, Algorand, and Aptos. Kai Zhao, Coinbase Cloud group product manager, highlighted the importance of node operators in the cryptocurrency ecosystem, ensuring the security and reliability of smart contracts.
Reilly: Partnership Will Benefit Web3 Products
“By building decentralized oracles, we are helping to create a more decentralized and reliable future for blockchain technology,” said Zhao.
William Reilly, head of global central finance, sales and strategy at Chainlink Labs, said the deal will add experience and solid infrastructure to the oracle network, benefiting a wide range of Web3 products, services and applications. Reilly continued, “The partnership of Coinbase Cloud will undoubtedly contribute to the advancement of decentralized applications and take the blockchain industry to new heights.”
Chainlink creates a bridge between Web2 and Web3 by sourcing, formatting and forwarding data to smart contracts.
Coinbase Cloud’s node platform, on the other hand, allows users to create and manage Web3 applications.
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