In this 2021, Chainlink will onboard an average of 1.4 new partners every day.

Spread the love

 98 Interactions,  2 today

In 2021, Chainlink will onboard new partners twice as quickly as it did in 2020.

Chainlink, a leading oracle provider, has onboarded partner integrations at a rate of more than 1.4 per day thus far in 2021.

According to the archives of Chainlink’s ecosystem portal, 281 different crypto projects have announced integrations during 2021 so far, with the calendar currently 201 days into the year.

With all time third-party Chainlink integrations currently totaling 650, that means 43% of the project’s partners were onboarded this year. By contrast, roughly 250 partners integrated with Chainlink during all of 2020.

While many of Chainlink’s partners are unknown initiatives in their early phases, the oracle provider has lately partnered up with some of the crypto industry’s biggest names, including Huobi’s ECO Chain, the Hedera Governing Council, and Alchemix.

A growing number of projects are relying on Chainlink’s Verifiable Random Function (VRF), which provides a secure and automated approach for creating randomisation in decentralised applications.

RECOMMENDED READ:  Chainlink, Coin, Vechain Price Movement Analysis for 15th February 2021

On July 20, for example, the blockchain-powered game Infinity Skies announced that it has partnered with Chainlink to distribute its in-game “loot” fairly.

“Since loot is probabilistic and NFTs hold real value to players, it is imperative that the minting of loot cannot be ‘gamed’,” Infinity Skies stated.

“Chainlink VRF provides the Infinity Skies’ smart-contract responsible for chest opening with direct access to a tamper-proof and auditable random number to determine outcomes when opening chests.”

Chainlink’s VRF capabilities has sparked a slew of new applications, with PancakeSwap incorporating VRF for its decentralised lottery programme last week. VRF is also being used by other initiatives to ensure that awards and rewards are distributed fairly.

Leave a Reply

Contact Us