Chainlink Surges Within A Week: Associated Press (AP) Provide Chainlink Data

Today, Chainlink’s price has decreased by 1.4% and is trading at $31.84. Over the month, the price indicators for Chainlink have increased by 27.4%. ChainLink (LINK) is a decentralized network of oracles with the goal of connecting smart contracts to real-world data. Oracles (a DeFi tool) are required to serve as data channels in smart contracts because blockchains cannot access data outside of their network. In Chainlink’s case, the oracles are linked to the Ethereum network.

Chainlink Surges Within A Week: Associated Press (AP) Provide Chainlink DataAssociated Press (AP), a 175-year-old news agency, will provide economic, sports, and electoral data to Chainlink, a system that provides information channels to blockchains and launches digital contracts for transactions. The partnership, which was announced on Thursday, is another example of a well-known, mainstream brand embracing blockchain technology, as well as an indication of Chainlink’s aspirations to expand the reach of decentralized finance (DeFi) into new domains. According to Sergey Nazarov, co-founder of Chainlink, AP’s decision to supply data to various blockchains via Chainlink signals a shift in how data providers evaluate smart contracts as well as a major rise in what smart contracts can now accomplish with AP data.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter