The cryptocurrency for sports and entertainment tokenization, Chiliz has integrated with Chainlink (LINK), a secure decentralized oracle network in order to mint Non-Fungible Tokens (NFTs) in real-time.
This month has seen more cryptocurrency firms and exchanges focus on more decentralized and trustless oracles following bZx exchange hack. Chainlink has been the preferred choice for most of the firms which in turn influenced the demand for LINK on the market. Chillz, a recent partner to the world’s biggest football club, FC Barcelona, announced they will be integrating the decentralized oracle on their platform.
We are incredibly excited to announce integration with @Chainlink’s secure decentralised oracle network to provide on-chain real world sports data to enable the auto creation of sports collectables/NFTs for our roster of @socios partners ?$CHZ ? $LINKhttps://t.co/vx2WkshZ65
— Chiliz ($CHZ) – The Sports Blockchain ?? (@Chiliz) March 4, 2020
Following the news of Chilliz, the socio token, joining with Chainlink, the price of the coin quickly spiked to $4.98, an all-time high on Binance. This news has given the bulls some hope of breaching to new ATH this month. However, at the time of the press, the LINK price has corrected lower to $4.85.
Chainlink aims to connect real-world data and payments to smart contracts. It aims to create decentralized connections between external data and blockchains like bitcoin or Ethereum. This means its usage and demand will continue to grow with the adoption and usage of blockchain. Its opportunity to grow, in tandem with LINK, is limitless.
With its market cap now above $1.6 Billion, the crypto has climbed to 11th. It’s an impressive run, and if it persists, the asset could be fighting for the tenth position soon.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
