StarkWare, a provider of blockchain scaling technology, has teamed up with Chainlink Labs to integrate oracle services, data feeds, and price feeds into the StarkNet ecosystem.
As part of the partnership, StarkWare will join Chainlink’s Scale program, which aims to accelerate the development of Layer 2 and blockchain ecosystems. The partnership will also see Chainlink price feeds added to StarkNet’s testnet.
Chainlink’s decentralized oracle network allows smart contracts to securely access off-chain data sources, APIs, and payment systems, enabling them to be activated by information from external sources.
As a result of the partnership, Starknet will provide developers with access to cheap Chainlink oracle services and data feeds, covering the expenses of specific Chainlink oracle nodes. This will create a sustainable economic system for developers on Starknet to develop high-performing, safe, and complex smart contract applications.
StarkWare’s products have generated over 300 million transactions and settled over $800 billion, producing over 95 million NFTs. Chainlink’s oracle network, which supports $7 trillion in transaction volume and has approximately 725,000 active users, is the most widely used in the DeFi space.
Eli Ben-Sasson, co-founder and President of Starkware, expressed the company’s excitement at joining the Chainlink Scale program and giving their ecosystem of developers access to the industry standard for Oracle services to enable the development of the next generation of globally scalable Web3 applications on Starknet.
Ben-Sasson stated:
“We look forward to continuing our collaboration and welcome the passionate Chainlink community into the Starknet ecosystem.”
The StarkWare team claims that the implementation of Chainlink data costs will speed the adoption of StarkNet and the expansion of its ecosystem. Chainlink data fees are now active on the StarkNet testnet and will soon be live on the network’s mainnet.
Sergey Nazarov, the co-founder of Chainlink, stated:
“We’re thrilled to have StarkNet joining the Chainlink SCALE program, further supporting the upcoming deployment of Chainlink oracle services on StarkNet mainnet.”
In the Web3 ecosystem, Sergey Nazarov continued, StarkNet can accelerate the expansion of its ecosystem and become a more desirable environment for building scalable dApps by lowering the running expenses of Oracle nodes.
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