Chainlink Weekly Roundup: Mind Network, Polarys, Festa do Taipe
Smart contract oracle network Chainlink added a new BUILD program member and provided services to two very different NFT projects.
Data Privacy, Sports NFTs, New Year’s Party
Boom or bust, Chainlink continues to build relationships throughout the Web3 ecosystem. This week, the dominant smart contract oracle network announced partnerships with a “privacy-preserving data lake,” a sports Non-Fungible Token (NFT) project, and a New Year’s Eve Party in Brazil.
In this week’s roundup:
- Mind Network joins Chainlink BUILD program.
- Polarys integrates Chainlink Price Feeds.
- Festa do Taipe integrates Verifiable Random Function (VRF).
Mind Network Joins BUILD
Mind Network has joined the Chainlink BUILD program to accelerate the adoption of its decentralized privacy-preserving data lake.
“We’re thrilled to join Chainlink BUILD, which will help drive the adoption of our decentralized privacy-preserving data lake. The Chainlink Network underpins the smart contract economy, and its support will help grow our platform,” Mind Network CEO Mason Song said in a Medium post. “Ultimately, joining Chainlink BUILD will help us provide the Web3 ecosystem with a more reliable and secure data lake solution.”
Mind Network seals users’ data into encrypted data ledgers with tokenized access control. Including end-to-end encryption, the data lake is built for a multi-chain, multi-storage, and multi-cloud Web.
“We’re excited to have Mind Network join the Chainlink BUILD program to help boost the growth of their decentralized data lake solution. The enhanced access to Chainlink’s industry-standard services and support from Chainlink Labs will help support Mind Network in fulfilling their mission of building a Web3 ecosystem underpinned by data privacy and ownership,” Chainlink Build Global Head Oliver Birch said.
By joining BUILD, Mind Network will gain access to new Chainlink alpha and beta products, dedicated technical support and more. In return, Mind Network has committed 3% of its total token supply to Chainlink service providers over time.
Chainlink for Multichain NFT Minting and Launchpad
Polarys has integrated Chainlink Price Feeds to help convert digital assets to USD when users mint community NFTs and make transactions on the platform’s NFT marketplaces.
“We’ve chosen Chainlink because of its expertise and credibility in the industry. By bridging off and on-chain data, Chainlink’s infrastructure can enable Polarys’ to become the market leader in NFT memberships for athletes, clubs, and sports brands,” Polarys CEO and Co-Founder Selin Suntay said in a Medium post.
Polarys enables athletes, clubs, and sports brands to launch NFT memberships for their fan bases. The protocol’s Multichain Minting Engine lets new crypto users mint NFTs without bridging funds. The Polarys Launchpad allows organizations to build utility NFT collections without having to write code.
New Year’s Eve Party NFT Collection
Taipe Experience has integrated VRF on Ethereum and Polygon to help create a fair minting process for the Langoo! NFT collection, which is accessible to Festa do Taipe 23 ticket holders.
“Exciting and unexpected experiences in Web3 are underpinned by Chainlink VRF. In order to make our Festa do Taipe New Year’s party even more exciting, we’re using VRF to help distribute Langoo! NFTs to attendees,” Taipe Experience Founder Luiz Eurico said in a Medium post.
Festo do Taipe 23 is an exclusive New Year’s Eve party held in the small beach town of Trancoso in the Brazilian state of Bahia. The Langoo! NFTs will be distributed to ticket holders and sold to people that may not attend the party. The NFTs will give holders access to online and offline benefits, such as playlists and experiences at other music events.
Last four weekly Chainlink Roundups:
- Jan. 8: Cask, OnePlanet, Kwil, 2022 Highlights
- Dec. 31: Blueberry, Magpie, Galileo, Fuse Gold
- Dec. 25: Aave, Robodex, FSN, VenturePunk
- Dec. 18: AOmetaverse, Coinbase Cloud, Arbitrum, T-Systems
What is Chainlink:
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offers global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Delve into the highs and lows of the crypto market's rising stars, including exclusive insights on BlastUP's game-changing trajectory.
Bitcoin's halving has sparked excitement across the crypto world, with some experts hinting at a major bull run that could see values soar to staggering heights. This potential surge highlights the broader market optimism, turning the spotlight on low-key altcoins. These under-the-radar digital currencies offer a tantalizing promise for high potential gains, drawing attention from investors looking for the next big breakout in the crypto landscape.
BlastUP Goes Viral, Raising $3 Million in Just One Month
BlastUP, the premier launchpad on Blast, has recently made waves in the crypto world with its stunning debut, raising $3 million in just one month. Many smart investors are rushing to buy BlastUP tokens before their value skyrockets.
Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.
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Jupiter's Impressive Growth: Risks and Potential
The recent performance of Jupiter has been impressive, with a monthly increase of over 150% and an even more substantial six-month rise. This trajectory suggests a robust positive trend, which could continue to push the price up, targeting the next resistance at $0.81. The current price of $1.25, slightly below the 10-day SMA of $1.27, implies a healthy momentum, possibly igniting investor interest for further gains. Despite this, any unexpected shifts in market dynamics could see the price test nearer support levels at $0.68 or even $0.42, underlining the importance of vigilance among investors.
In looking at long-term prospects, this meteoric rise of over 4000% in the past half-year positions Jupiter as a noteworthy contender in the market. This kind of movement garners attention, potentially attracting new investors and increasing buy pressure. Nevertheless, market history tells us that assets with such rapid ascents can be susceptible to corrections. Jupiter's support levels at $0.42 and $0.30 could come into play if the tide turns.
Mantle's Price Doubles, Eyes on Upward Trend
Mantle's recent surge to $1.28 from $0.63 in just one month shows a strong upward trend, with the price more than doubling. If Mantle maintains this growth, it could soon break past the second resistance level of $1.27. Long-term, the six-month increase of 223.57% suggests solid momentum. Holding above the simple moving averages of $0.88 and $0.75, respectively, supports a continued rise. However, such rapid increases can invite corrections, potentially testing support levels if traders decide to lock in gains.
On the flip side, if we consider the significant short-term climb, there's a risk of pullback towards the nearest support at $0.63 or even the second support at $0.37. These levels might act as safety nets for the price. In the long run, if the upward trajectory stalls, the price might oscillate around the current simple moving averages. Mantle's ability to sustain above these averages in the face of potential market headwinds will be critical for ongoing growth.
Ondo's Market Surge: Growth & Volatility Risks
Ondo's seen impressive growth, with a one-month jump of over 105% and six-month rocketing close to 2780%. If it keeps catching eyes, the current $0.87 might push past the near resistance at $0.55 and challenge the second at $0.66. This hype could spill over, making short-term gains likely, with the 10-day average at $0.73 hinting at solid interest.
Looking long term, if Ondo holds strong above its support levels at $0.26 and $0.08, we could see steady growth. Such support suggests a faithful base, which helps during downturns. Still, with any asset that's seen a 2779.90% half-year surge, there's a risk of a pullback as early investors take profits.
FLOKI's 1304% Surge: Can It Reach New Highs?
Looking at the impressive growth over the past month of 512.87%, FLOKI's positive momentum could continue. Investors have seen a staggering six-month surge of 1304.41%, pushing past previous expectations. Based on these trends, there's potential for FLOKI to climb towards its all-time high of $0.000313. If buyer enthusiasm persists, the current price could be seen as a stepping stone for further gains.
However, it's crucial to remember that past performance isn't always indicative of future results. The asset has yet to return to its peak, and digital currencies are highly volatile. While historical data provides optimism, it's essential to prepare for fluctuations.
Conclusion
It becomes evident that while the likes of Jupiter, Mantle, Ondo, and FLOKI have piqued investor interest, BlastUP emerges as the most tantalizing of them all. Thriving within the robust Blast ecosystem, BlastUP's concept appears to be a compelling beacon for those seeking substantial returns, potentially outshining its contemporaries. As the crypto community anticipates where the next big rush will materialize, BlastUP's profound potential remains a standout in the current tide of market exploration.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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