By Solomon Odunayo
According to an update, ChainLink, a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, is now counted among the world’s giants in technology.
Chainlink, JP Morgan, Siemens, IBM, Microsoft, Intel among Others are members of IC3, an organization run by experts from some of the most prestigious tech universities in the world.
A user identified as TheLinkMarine on Twitter shared this with the Chainlink community to showcase the prestigious potential embedded in the Oracle solution and its native token LINK.
TheLinkMarine shared this, “Don’t forget… Chainlink is a member of IC3…which is ran by experts from some of the most prestigious tech universities in the world, and counts Microsoft, IBM, Intel, JPMorgan, Calibra, Digital Asset, Cisco and Siemens amongst its members.”
Don’t forget…@chainlink is a member of @initc3org
…which is ran by experts from some of the most prestigious tech universities in the world, and counts @Microsoft @IBM @intel @jpmorgan @calibra @digitalassetcom @Cisco and @Siemens amongst its members 🔥$LINK #4IR pic.twitter.com/Ap2oQuZEzA
— TheLinkMarine 🦆 (@TheLinkMarine1) March 2, 2020
Chainlink (LINK) Cooperates With DeFi Money Market
Chainlink has recently announced its collaboration with the DeFi Money Market (DMM), which offers higher yield money markets on the Ethereum mainnet backed by tokenized real-world assets.
Since the start of 2020, Chainlink has consistently welcomed a host of growths and developments, which has positively impacted the price of its native token, LINK, in the cryptocurrency market.
The solution it proffers using its decentralized oracle network has significantly aided its global exposure in terms of partnerships and beneficial integrations.
Describing its recent collaboration, Chainlink shared this, “Welcome DMM to the Chainlink ecosystem! DMM is a blockchain-based money market backed by real-world assets & trusted off-chain data from Chainlink oracles. DMM currently has $10M USD in tokenized car loans backing the launch of its initial money market.”
Welcome @DMMDAO to the Chainlink ecosystem! DMM is a blockchain-based money market backed by real-world assets & trusted off-chain data from Chainlink oracles. DMM currently has $10M USD in tokenized car loans backing the launch of its initial money market https://t.co/bPlUs0Wmez
— Chainlink – Official Channel (@chainlink) March 2, 2020
Chainlink (LINK) Situation in the Market
Chainlink (LINK), the 11th largest cryptocurrency by market cap has been outstanding in terms of price trend over the past hours. The digital token could eventually outplace Tezos (XTZ) if it consolidates its present surging trend.
Its recent top performance has been attributed to the exposure and development garnered by Chainlink in recent times. At the time of filing this report, LINK is trading at $4.41, with a 5.87% price upsurge in the last 24 hours.