Blockchain
Mobile-first blockchain Celo has joined Chainlink’s Scale program, allowing it to access the data provider’s oracle services at a relatively low cost by paying with its own CELO token.
The Scale program was created to accelerate the growth of blockchain and layer 2 ecosystems by giving them access to oracle services. Oracles enable Web3 systems to access off-blockchain data that can be used in smart contracts. The Celo ecosystem has more than 1,000 projects, according to a Tuesday statement.
“Our community’s goal in joining Chainlink Scale is long-term sustainability,” Xochitl Cazador, head of ecosystem growth at the Celo Foundation, said in the statement. “Developers building on Celo can now access Chainlink’s oracle services, enabling the next generation of highly scalable Web3 mobile applications.”
The Celo community voted on a proposal to participate in the program in late March, with 93 community members voting yes and three objecting. The community voted to allocate 5,980,314 CELO to the node operators, the entities that manage oracle infrastructure and help with data retrieval, to support Chainlink feeds on the Celo network over a three-year term.
Chainlink has recently made significant partnerships for its Scale program. StarkWare, a maker of layer 2 blockchain scaling systems, said in February it would join the program.
The Chainlink ecosystem has grown. It now provides 960 data feeds and has facilitated $7.6 trillion worth of transactions since early 2022, according to data from its website.
