Chainlink Launches Tool to Connect Smart Contracts with Web2 Applications
Chainlink Functions will enable connections between traditional applications and smart contracts on the blockchain.
Chainlink (LINK) Partners with SWIFT for Cross-Chain Transactions Using CCIP
On the evening of March 1, leading oracle solution Chainlink (LINK) announced the launch of Chainlink Functions, a tool designed to help developers seamlessly connect smart contracts with any traditional Web2 API, while leveraging Chainlink’s secure network for data processing.
Chainlink pointed out that one of the barriers to widespread adoption of crypto/Web3 technology is its current isolation from traditional technology, lacking integration points and often requiring the development of new solutions from scratch to incorporate crypto elements. With Functions, Chainlink aims to bridge this gap by allowing global developers to link deployed smart contracts on the blockchain with popular Web2 APIs, such as social media platforms, messaging services, AI chatbots, and more.
Introducing #Chainlink Functions—the serverless #Web3 platform for connecting any data, device, or system to smart contracts.
— Chainlink (@chainlink) March 1, 2023
Functions brings Web2 services like @awscloud, @Meta, and @googlecloud on-chain to empower devs to #LinkTheWorld to Web3.https://t.co/dDDz6GCIpm pic.twitter.com/fAznlXh0QD
Chainlink noted that Functions is currently in its final testing phase on Ethereum's Sepolia testnet and Polygon's Mumbai testnet, with integrations from major tech players like AWS, Meta, and Google Cloud, alongside several crypto projects including Block Scholes, ChainML, Dopex, Nusic, and Thirdweb.
Read more: Link Coin
Despite the announcement, LINK's price has shown minimal reaction to the news.
1-hour chart of the LINK/USDT pair on Binance at 08:25 AM on March 2, 2023
In related news, the popular game engine Unity announced on February 28 that it has launched a special library of tools to enable game developers to integrate their games with various crypto solutions, including MetaMask, Infura, and blockchains such as Solana, Aptos, and Immutable.
