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 Functions will enable connections between traditional applications and smart contracts on the blockchain.
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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 key barriers to widespread adoption of crypto/Web3 technology is its isolation from the traditional tech stack — there are few integration points, and building crypto-native features often requires starting from scratch. With Functions, Chainlink aims to close that gap by letting developers worldwide connect deployed smart contracts to popular Web2 APIs, including 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 including AWS, Meta, and Google Cloud, as well as several crypto projects such as Block Scholes, ChainML, Dopex, Nusic, and Thirdweb.
Read more: Link Coin
Despite the announcement, LINK's price showed little 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, popular game engine Unity announced on February 28 that it has released a dedicated toolkit enabling game developers to integrate their games with a range of crypto solutions, including MetaMask, Infura, and blockchains such as Solana, Aptos, and Immutable.