All about Crypto & Blockchain

StarkNet to Add Chainlink Oracle Services and Data Feeds to its Ecosystem.


StarkWare, the creator of STARK technology aimed at making blockchain scalable for widespread use, announced today a forthcoming collaboration with Chainlink Labs to promote the adoption of StarkNet and advance its growth in the ecosystem. This partnership will see StarkWare officially become part of the Chainlink SCALE program and incorporate Chainlink Price Feeds in the StarkNet testnet.

As a member of the Chainlink SCALE program, StarkNet tokens will finance some operational expenses for Chainlink oracle nodes. This will give StarkNet developers access to affordable Chainlink oracle services and Data Feeds. The partnership will establish a stable economic relationship between StarkNet and Chainlink and offer a foundation for StarkNet developers to construct highly efficient, advanced, and secure smart contract applications.

“We’re thrilled to be part of the Chainlink SCALE program, which will give our developer community access to the leading oracle services in the industry. This will pave the way for the creation of globally scalable Web3 applications on StarkNet,” said Eli Ben-Sasson, Co-Founder and President of StarkWare. “We’re eager to continue our collaboration and welcome the dedicated Chainlink community to the StarkNet ecosystem.”

Through the recent partnership and membership in the Chainlink SCALE program, the usage of Chainlink’s oracle networks on StarkNet is projected to be fast and cost-effective for both users and developers.

Sergey Nazarov, the co-founder of Chainlink, expressed his excitement over StarkNet joining the Chainlink SCALE program, which would further support the deployment of Chainlink oracle services on the StarkNet mainnet. He mentioned that by reducing the operating costs of the oracle nodes, StarkNet could boost the growth of its ecosystem and make it a more appealing place for developing scalable decentralized applications in the Web3 space.

The Chainlink Data Feeds are now operational on the StarkNet test environment and are expected to be available on the main StarkNet network soon. With this launch and StarkWare’s involvement in the Chainlink SCALE program, the growth of StarkNet is expected to receive a significant boost.

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