Cardano Partners With Chainlink to Upgrade Its Ecosystem

by in Blockchain News

Cardano Chainlink partnership

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.

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.