StarkWare And Chainlink Join Forces To Accelerate The Development Of StarkNet

StarkWare, a technology company focused on developing layer 2 blockchain scaling systems, has recently partnered with Chainlink Labs, a blockchain data provider, in an effort to accelerate the expansion of their ecosystem StarkNet. This collaboration will allow for the development of applications within the StarkNet ecosystem to be accelerated, while also promoting its growth. Previously, StarkWare received an $8 billion valuation during a funding round, solidifying its position as one of the most valuable scalability entities within the industry.

The partnership between StarkWare and Chainlink Labs is expected to help connect the two entities, ultimately promoting the growth of the StarkNet ecosystem. Chainlink Labs is known for its oracle network, which connects smart contracts to off-chain data and external APIs, providing users with secure and reliable data sources. This is particularly important for the StarkNet ecosystem, as it requires the input of off-chain data to create and maintain its layer 2 scaling system.

Through the partnership, StarkWare hopes to leverage Chainlink's oracle network to enable developers to create more complex and sophisticated smart contracts on the StarkNet ecosystem. This will be made possible through the integration of Chainlink's oracle network with StarkNet, which will allow developers to easily access reliable off-chain data and APIs. This is a significant development for the ecosystem, as it will enable developers to create more sophisticated and complex smart contracts that can interact with a wider range of data sources.

Another benefit of this partnership is that it will allow for the development of a range of new applications within the StarkNet ecosystem. By providing developers with access to Chainlink's oracle network and its secure and reliable data sources, they will be able to build new applications that can interact with a wide range of external systems and data sources. This is expected to be particularly beneficial for DeFi applications, which require secure and reliable data inputs to function efficiently.

Overall, the partnership between StarkWare and Chainlink Labs is expected to be a significant development for the blockchain industry. By combining the strengths of two well-respected entities within the industry, this collaboration is expected to promote the development and growth of the StarkNet ecosystem, ultimately providing users with more sophisticated and efficient blockchain solutions.