Extending its environment, Cardano blockchain unveiled a cooperation with the decentralized oracle network Chainlink.
Related: Cardano Announced the Alonzo Upgrade Date
IOHK, the firm that developed the blockchain, revealed various partnerships in terms of the Cardano Summit, which took place from Sep. 25 to 26.Announcement: we partnered with @chainlink to help Cardano developers build smart contracts for secure DeFi applications. For press release, DM us or email [email protected] #CardanoSummit2021 pic.twitter.com/1qOs0WdLtq
— Input Output Media (@IOHKMedia) September 25, 2021
Lately Cardano upgraded its blockchain with a hard fork, Alonzo which allows creating dapps on the protocol. Among the platform's new partners are esports company Rival, the Union Bank of the Philippines, television provider DISH Network, and digital identity AID: Tech.
The native token of the Cardano blockchain, ADA is the 3rd cryptocurrency by market cap, which stands at over $71.5 B. Earlier, on September 2, the token's price reached its all-time high of $3.10. Chainlink's native token LINK ranks 15th by market cap (over $11 billion). Currently, the token trades at about $24.6.
The number of projects including Chainlink’s solutions has been rising. Among the recent partnerships are animated collection of dog NFTs JunkYard Dogs and lending platform AlchemixFi and layer 1 scalability platform Fantom Foundation.