L1 Chain, MMORPG, Crypto Index Token

Chainlink is on the move. This week the dominant smart contract oracle network partnered with a Layer-1 network, MMORPG blockchain game, and the issue of a novel crypto index token.

In this week’s roundup:

• Celo joins Chainlink SCALE.
• Blue Kraken joins Chainlink BUILD.
• Alongside integrates Proof of Reserve (PoR).
• Exactly integrates Price Feeds.

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Celo joins Chainlink SCALE

Celo is joining the Chainlink SCALE program to accelerate the growth and adoption of the Ethereum Virtual Machine (EVM)-compatible Layer-1 network. The Celo governance community passed the proposal with a 99.9% approval rate.

“Joining the SCALE program will establish a sustainable economic framework between the Celo and Chainlink ecosystems and provide a foundation from which Celo developers can build accessible, sustainable, scalable, and secure smart contract applications,” according to the proposal.

Celo is a carbon-negative, mobile-first, EVM-compatible L1 blockchain with a Total Value Locked of about $140 million. As part of the SCALE program, nearly 6 million $CELO (current value of $4.3 million) will be allocated to node operators supporting Chainlink Data Feeds on Celo over a three-year term.

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Blue Kraken joins BUILD

Blue Kraken Online has joined the Chainlink BUILD Program to accelerate adoption of its ecosystem ecosystem growth and the long-term adoption of PlayAndEarn gaming.

“The access to industry-standard oracle services and the opportunity to test, plan and build for the newest upcoming technology via early access combined with the technical support is going to give us wings,” said Nicolas Wind, Co-founder, CEO and Lead Developer at Blue Kraken Online, in a Medium post. “The BUILD program will empower us to build the on-chain elements of Blue Kraken Online with time-tested oracle services that will serve as the foundation for seamless gameplay and ecosystem interoperability.”

Blue Kraken is a Non-Fungible Token (NFT) MMORPG game that aims to be economically sustainable and inflation-proof.

As part of BUILD, Blue Kraken will receive access to products like Verifiable Random Function (VRF) and Automation, new Chainlink product alpha and beta releases, dedicated technical support, and more.

In return, Blue Kraken has committed a percentage of its total token supply to Chainlink service providers, including stakers.

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Alongside Integrates PoR

Alongside has integrated Chainlink PoR to help prove the reserve assets of its total market index token $AMKT.

“AMKT holders should never have to trust us when we say AMKT is backed 1:1 with the underlying constituents. Chainlink Proof of Reserve helps them verify AMKT’s 1:1 backing is always 1:1 backing. Extreme transparency is at the core of Alongside, and Chainlink Proof of Reserve helps us deliver that,” Alongside Co-Founder Austin Diamond said in a blog post.

Alongside is an open finance community working to make it easier to access the crypto market. Its first product is $AMKT, which tracks the top 25 digital assets in crypto by market capitalization. The crypto market index token is rebalanced monthly and reconstituted quarterly.

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

Last four editions:

• April 9: Cryptum, BUILD Milestone, Hellobot
• April 2: Lemonade, Devium, Made for Gamers, Nazarov Interviews
• March 26: Product Update, PwC, Steadefi, SteakHut, Ainslie Bullion
• March 19: Lekker Finance, Gunther’s Rich Dog, BiggerMINDS, PLEXUS‍

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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.

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Where to find Chainlink:‍

Website | Twitter | Docs | Community