Chainlink

Ostium Labs, an on-chain perpetuals exchange, has announced its integration of Chainlink Data Streams and Automation on the Arbitrum network. This move aims to leverage Chainlink's decentralized oracle infrastructure to power high-integrity markets in the decentralized finance (DeFi) ecosystem.

Safe, a platform for secure digital asset management, has formed a strategic alliance with Chainlink Labs, a leading provider of decentralized oracle networks. This collaboration aims to boost the adoption of account abstraction and enhance the security of the smart contract ecosystem. By leveraging their respective expertise, the two entities will work towards creating a more robust and user-friendly environment for decentralized applications (dApps) and blockchain-based solutions.

Chainlink has announced an integration with Telefonica's Open Gateway that utilizes Chainlink Functions to enable smart contracts to detect unauthorized SIM card changes. This development aims to protect users against SIM swap attacks by bringing mobile network data on-chain. At the Mobile World Congress, Maxwell Melcher from Chainlink explained how this integration helps smart contracts identify unauthorized SIM card swaps, enhancing security for users.

Chainlink has introduced a new Telegram group dedicated to the Hong Kong region. The group aims to keep members informed about upcoming community events, capital markets announcements, and Chainlink integrations happening in the area. This initiative will help strengthen Chainlink's presence and engagement with the local blockchain community.

The year 2024 is shaping up to be a pivotal moment for the global financial landscape. New infrastructure is being adopted to facilitate the tokenization of assets, enabling their replatforming onto blockchain-based systems. Additionally, efforts are underway to create a Unified Golden Record, which aims to consolidate and streamline financial data across various platforms. Furthermore, there is a push towards democratizing access to financial services, potentially opening up new opportunities for a broader range of participants.

Chainlink has announced an upgrade to its Verifiable Random Function (VRF) service, version 2.5. The new release brings several enhancements aimed at helping decentralized applications (dApps) scale faster and more sustainably. Key improvements include low-friction billing, more predictable pricing, and an improved user experience for upgrading to future versions. The VRF service provides a secure and tamper-proof source of randomness, which is essential for various use cases in blockchain applications.

According to recent reports, the growth and success of real-world asset markets are increasingly reliant on access to reliable and secure data sources. As these markets continue to expand and evolve, the ability to integrate trusted off-chain data onto blockchain networks has become a critical factor driving innovation and adoption.

ETHGlobal, a prominent Ethereum event, is scheduled to take place in Sydney, Australia. In preparation, a pre-event workshop hosted by Google Cloud, Chainlink, Blockchain Australia, and others will be held on May 1st. The main ETHGlobal Sydney event will follow from May 3rd to May 5th, featuring a $10,000 prize pool sponsored by Chainlink for participants. Interested individuals are encouraged to apply for the event.

Chainlink, a platform that connects real-world data and systems to blockchains, is hosting upcoming community meetups in Bangkok, Dallas, and Sydney. These events provide an opportunity for developers and enthusiasts to learn about building verifiable decentralized applications (dApps) on the Chainlink network, fostering the growth of Web3 adoption.

A report from Deloitte US states that various financial services providers are projecting that tokenization could generate trillions of dollars in new value for the industry this decade. The report highlights that these trillions would likely represent just a small fraction of global assets that have the potential to be tokenized, including real estate, private equity, venture capital funds, and exchange-traded products. Tokenization is described as the most significant transformation in modern financial markets, going beyond the digitalization of financial instruments in the second half of the 20th century.