Chainlink

Stani Kulechov, founder of Aave, a decentralized finance (DeFi) platform, highlighted the potential benefits of stablecoins and DeFi in providing equal financial opportunities globally. He stated that stablecoins and DeFi can offer the same yield opportunities available in certain parts of the world to everyone, regardless of location.

Chainlink, a decentralized oracle network, aims to facilitate the integration of data and computation across various blockchains. By enabling the transfer of data and computations into, out of, and between blockchains, Chainlink positions itself as a fundamental layer for the emerging decentralized financial system. The platform's community welcomes developers to leverage Chainlink's capabilities in building advanced decentralized applications (dApps) that could drive the adoption of Web3 technologies.

Chainlink has introduced a new feature called Functions that allows developers to connect to and compute upon any off-chain data or system. In an explainer video by Kerman Kohli, developers can learn how Functions works, how it ensures data quality, and the exciting use cases it enables. This new capability from Chainlink aims to facilitate the development of advanced decentralized applications (dApps) that can drive the adoption of Web3 technologies.

Scope Protocol has joined the Chainlink BUILD program to gain enhanced access to Chainlink's oracle services and technical support. In return, Scope Protocol will make a percentage of its native token supply available to Chainlink service providers and stakers. Scope Protocol has created a Web3 Data Layer used by over 200 projects and is focusing on improving its AI technology Jarvis to transform natural language into actionable Web3 tasks. As part of the BUILD program, Scope Protocol will receive benefits including access to Chainlink Functions, new product releases, and other support.

The Investment Association, a prominent industry body, has released a report highlighting the present reality of fund tokenization. According to the report, embracing tokenized funds can lead to more efficient, transparent, and resilient processes, as well as enable the offering of new products and services to investors. This development signifies a significant step towards modernizing the investment industry and leveraging blockchain technology.

According to a recent announcement, tokenized assets require three essential capabilities to reach their full potential: the ability to be enriched with real-world information, secure cross-chain transferability, and the ability to stay synchronized with off-chain data as they move across chains. Chainlink is presented as a solution that unlocks all three of these capabilities, enabling the development of advanced decentralized applications (dApps) that drive Web3 adoption.

Chainlink has announced the launch of a new platform that consolidates information about digital assets from various sources into a single location. This centralized hub aims to provide transparency and accessibility for anyone interested in buying or holding these assets, eliminating the need to consult multiple data sources or directly contact the issuers. The initiative is part of Chainlink's efforts to drive the adoption of Web3 technologies by enabling the development of advanced decentralized applications (dApps).

Sybil attacks are a type of cyberattack that blockchains are particularly vulnerable to. As users navigate the multi-chain ecosystem, it is crucial to understand how Sybil attacks work and how blockchains defend against them. The Chainlink Community provides information on Chainlink, a platform that connects data and systems to blockchains, enabling the development of advanced decentralized applications (dApps) that drive Web3 adoption.

NFT collectors are being warned about the potential risks of fraudulent NFT collections that may be airdropped to their wallets. These collections often attempt to gain unauthorized access to users' NFTs by requesting excessive wallet permissions. To avoid falling victim, collectors are advised to carefully review wallet permissions, verify the legitimacy of collections directly with the associated projects, and exercise caution before acting on unexpected airdrops. The Chainlink community is providing security education and tips to help users navigate the Web3 space safely.

According to Nick Robnett of Paxos, estimates suggest that global assets moving to stablecoins and other digital money formats could reach $5 trillion by 2030. This projection comes as the Paxos-issued PYUSD stablecoin, supported by Chainlink's PayPal USD Price Feed, is already available to over 700 million users across more than 20 exchanges.