StarkWare Chooses Chainlink as Oracle Provider for StarkNet

StarkWare will join Chainlink's SCALE program, making the leading oracle provider the data source for the upcoming StarkNet layer-2 zk-Rollups.

StarkWare, a company specializing in Ethereum scaling solutions, has announced a partnership with Chainlink, designating the oracle provider as the data supplier for StarkNet, the forthcoming layer-2 zk-Rollups solution.

StarkWare reports that its technology has facilitated 300 million transactions, managed over $800 billion in assets, and minted over 95 million NFTs. Meanwhile, Chainlink's oracle network remains one of the largest in the crypto industry, handling a total transaction volume of $7 trillion.

The STRK token, announced in November 2022 but yet to set a release date, will be used to cover part of the costs for Chainlink’s oracle services. This agreement is expected to enable future projects on StarkNet to connect their products with Chainlink’s cost-effective data streams, ensuring the seamless operation of smart contracts.

Chainlink has already provided data for StarkNet's testnet and is poised to deploy on the mainnet once StarkWare deems the layer-2 solution ready for launch.

Chainlink founder Sergey Nazarov commented:

“We are excited to welcome StarkNet to Chainlink’s SCALE program, further supporting the integration of Chainlink’s oracle services on StarkNet. By reducing the operational costs for oracle nodes, StarkNet will be able to foster ecosystem growth and become a more attractive environment for Web3 developers.”

On February 5th, StarkWare also announced plans to open-source StarkNet Prover, a key component of StarkNet, allowing the crypto community to audit the project's programming security. Previously, StarkWare had also open-sourced the Cairo programming language used by StarkNet and the Papyrus client.