Miidas NFT completes NFT Airdrop, partnership with BNB Chain Coming?
Smart contract oracle network Chainlink kicked off the new year with new partnerships and services across various aspects of the crypto ecosystem.
Money Flow Automation, NFTs, Database, Year in Review
The dominant smart contract oracle network Chainlink started 2023 the same way it ended 2022 – by building relationships across Web3 sector.
In this week’s recap:
Cask launches Chainlink Top-Ups
Chainlink BUILD program participant Cask Protocol unveiled a new Web3 cash flow automation called Chainlink Top-Ups to ensure protocols using Chainlink Automation and VRF always have a sufficient balance of $LINK.
“Cask itself relies on Chainlink for services such as automation and price feeds. As we sought to increase the reliability and optimization of our protocol, it became clear that we needed a way to automatically replenish our LINK balances,” according to a Cask blog post. “While Cask originally built the replenishment solution for self-use, it is now open as a public good available to all web3 builders who rely on Chainlink services.”
Users can pay for refills 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 this balance falls below a defined threshold, Cask will automatically exchange stablecoins for LINK and deposit it into the Chainlink service. https://t.co/hHbDiKXoh7
— Cask Protocol (@caskprotocol) 3 January 2023
NFT games on polygon
Non-Fungible Token (NFT) launch pad and marketplace OnePlanet integrated Chainklink VRF to power Randombox NFT disclosures for the horse-themed Derby Stars NFT game.
“As an NFT launch pad and marketplace, we are excited to use 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 disclosure of 1000 Derby Stars NFTs on Polygon.
“It’s easy to see why Chainlink VRF is the industry standard RNG. With proof published on chain, it helps users verify that our Randombox NFT detection mechanism is underpinned by verifiable randomness.” Derby Stars founder/CEO Sean Hahm said.
Kwil joins BYGG
Kwil has joined the Chainlink BUILD program to accelerate the adoption of the permissionless relational database for the decentralized Internet.
“We are excited to join Chainlink BUILD, which will expand the scope and utility of Kwil. The Chainlink network underpins the Web3 data ecosystem, facilitating the transfer of large amounts of off-chain data on-chain,” said Kwil founder Brennan Lamey in a medium post “Kwil extends Chainlink’s mission of decentralized data access by providing critical storage infrastructure for 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 sacrificing 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 last day of 2022, the Chainlink Twitter account posted a thread summarizing achievements 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 SHALL programs
- Chainlink Staking v0.1
- Hackathons, meetups, SmartCon 2022
- SWIFT Proof of Concept
Last four weekly Chainlink Roundups:
- December 31: Blueberry, Magpie, Galileo, Fuse Gold
- December 25: Aave, Robodex, FSN, VenturePunk
- December 18: AOmetaverse, Coinbase Cloud, Arbitrum, T-Systems
- December 11: Staking, Hackathon, BBA, Catheon, WigoSwap
What is Chainlink:
Chainlink is the industry standard for building, accessing and selling oracle services necessary to run hybrid smart contracts on any blockchain. The Chainlink oracle network provides smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations to enable 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 | Documents | Society
