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Story: ChainLink (LINK) High Quality Price Feed Data and Oracles Becoming Synonyms for Each Other

By Dan Saada

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ChainLink (LINK) Scalability of Things

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Oracles are the key enablers of the blockchain, which not only revolutionizes smartcontracts, but also NFTs.

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ChainLink Official Channel tweeted:  “We introduce 16 ways #Chainlink oracles can augment the value of non-fungible tokens (#NFTs) by connecting them to real-world data.

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Game performance, verifiable randomness, augmented reality, real life fantasy sports, for competition based NFTs.

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Provenance, identity, and certification for authenticity verification.  Valuation updates for property, land, financial cash flows, and physical commodities.

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Sydney Ifergan, the crypto expert tweeted:  “High Quality price feed data and ChainLink (LINK) oracles are already becoming synonyms for each other in the cryptocurrency space.”

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ChainLink has already increased the functionality and real-world applications of the DeFi instruments.

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Chainlink has come a long way in transforming the financial industry.  It is time again proving its worth.

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Sergey Nazarov, the crypto expert tweeted:  “The Evolution of Smart Contracts and Cryptoeconomic Security" discusses how smart contracts are improving, their growing use of…

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The oracles are taking things back to the foundations of contracts and they are introducing technology which will provide for the scalability of things.

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Bamboo Relay are now supporting the stop-loss functions through integration with the price reference data of Chainlink.

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Smart contracts are good because it decreases information asymmetry, builds trust and revolutionizes the insurance industry.

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