WEB3

Chainlink Weekly Roundup: Carbon Credits, Galaxis and Anthony Hopkins

by BSC News

October 21, 2022

chain

Chainlink, the dominant smart contract oracle, is helping traditional industries leverage the benefits Web3 can bring to companies and consumers.

Chainlink for Climate, Communities, Hollywood

This week, Chainlink expanded across new industries as it helps bring carbon credits to the blockchain, build online communities and launch an Oscar-winning actor's Non-Fungible Token (NFT) collection.

In this week's roundup:

Chainlink’s cross-sector expansion continues.

Next-Gen Carbon Markets

Climate tech start-up Thallo and the carbon market program BioCarbon Registry (BCR) created a bridge that tokenizes carbon credits.

These credits can be moved on and off the Polygon blockchain while avoiding double accounting and ensuring traceability. Moreover, Chainlink Proof of Reserve allows users to verify the bridge's underlying collateral in real-time.

“This gives the whole market a blueprint for the process and lays the foundation for scaling the voluntary carbon markets while ensuring the highest integrity and alignment with the Voluntary Carbon Market principles,” said Ángela Duque, BCR’s Founder and CEO.

The first credits are planned to come from the Delfines Cupica REDD+, an award-winning conservation project that protects 103,000 acres of tropical rainforests on Colombia's Pacific Coast.

Building Unstoppable Communities

Galaxis, a no-code toolkit for creating utility NFTs, joined the Chainlink BUILD program.

The program aims to accelerate the project by providing access to Chainlink services and technical support in exchange for delivering network fees and other benefits to the ecosystem.

“We’re incredibly impressed by the level of technical support Chainlink can offer and look forward to improving our platform further by natively integrating core Chainlink infrastructure,” said Andras Kristof, Founder and CEO of Galaxis.
Source

Chainlink unveiled BUILD as part of Chainlink Economics 2.0 and to help Decentralized Applications (dApps) maximize the "Chainlink Effect," a dynamic where projects that integrate Chainlink's oracle services grow faster. This was instrumental in increasing the Total Value Locked of many top Decentralized Finance (DeFi) apps.

Hopkins Joins Web3 Hype

Orange Comet integrated Chainlink VRF to help ensure that Anthony Hopkins' NFT collection reveals were verifiably random.

The random number generator (RNG) enables smart contracts to access random values without compromising security or usability. In this case, minters have on-chain proof that their NFTs have randomized traits and a fairer monetary value.

Check out BSC News' weekly roundup to keep up with the latest updates about the smart contract powerhouse.

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What Is Chainlink:

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. They currently secure tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offer global enterprises and leading data providers a universal gateway to all blockchains.

Where to find Chainlink:

Website | Twitter | Docs | Community

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