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- StarkWare has also joined the Chainlink SCALE program, with the Chainlink price feed now available on StarkNet.
- This partnership will enable further growth and adoption of Web3 services and products on StarkNet.
- Over $800 billion worth of transactions have been logged on StarkNet, with more than 95 NFTs minted.
StarkWare-based Ethereum scaling platform StarkWare has announced a partnership with leading blockchain oracle network Chainlink Labs, the company behind Chainlink.
As a result of this collaboration, Price Feeds Chainlink is now active on the StarkNet testnet and will soon be deployed on the mainnet, the platform said in a statement.
StarkWare joins SCALE Chainlink
In a blog announcement on Feb. 6, the StarkWare team said working with Chainlink will help increase adoption of StarkNet’s Layer-2 Validity-Rollup solution. The protocol offers a scalability solution on the Ethereum blockchain.
This partnership also saw StarkWare officially join SCALE’s Chainlink program. Continuous Chain Access for Layer 1 and 2 Enablement, or SCALE program aims to advance the development of blockchain and scaling solutions.
“We are pleased to join SCALE’s Chainlink program to provide our developer ecosystem with access to the industry standard for oracle services, enabling the next generation of globally scalable Web3 applications to be built on Starknet.said StarkWare co-founder Eli Ben-Sasson in a press release.
The initiative will see StarkNet native token STRK used to cover part of the costs surrounding operating the Chainlink oracle node. The goal is to have long-term growth and adoption of a permissionless layer-2 solution backed by a low-cost ecosystem.
This is a project that Starknet says will benefit both developers and users alike, with access to real-world data via Chainlink supporting the development and use of apps.
By participating in #Chain SCALE, the dApp team will get better access to secure data, including Chainlink Price Feeds, following the expected launch of the Chainlink oracle on Starknet.
— StarkWare (@StarkWareLtd) February 6, 2023
StarkWare has experienced a sharp growth trajectory over the last few months, with the platform recording more than 300 million transactions across its products. The network has also completed over $800 billion worth of digital asset transfers and registered more than 95 million minted NFTs.
Chainlink on the other hand, is a leader in Web3 services. The platform has helped drive trillions of dollars worth of transactions across ecosystems, including in DeFi, NFTs, insurance and gaming.
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