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Chainlink Weekly Roundup: Picardy Protocol, Icetea Labs
February 5, 2023
MINS
Dominant smart contract oracle network Chainlink announced partnerships with a music-oriented protocol and a Web3 gaming incubator.
Music Royalties, Web3 Gaming
Chainlink is continuing to build relationships in the blockchain space. This week, the dominant smart contract oracle network announced partnerships with a music-oriented protocol and a Web3 gaming incubator.
In this week’s roundup:
- Picardy Protocol integrates Chainlink Automation.
- Chainlink Labs announces strategic partnership with Icetea Labs.
Picardy Integrates Automation
Picardy Protocol has integrated Chainlink Automation on Poygon to secure and streamline its royalty payout process.
“Integrating Chainlink into the heart of our protocol helps enable us to create performant and secure hybrid contracts that leverage the decentralization benefits of Web3 technology,” Picardy Co-Founder Joshua Obigwe said in a Medium post.
Picardy is a Web3 protocol built to enable music artists and creators to raise funds and grow their communities.
After the protocol launches on Polygon, Picardy plans to integrate Automation as it expands to other networks such as Ethereum, Optimism, Arbitrum and Avalanche, as well into the project’s music distribution platform.
#Chainlink Spring 2022 Hackathon winner @picardyprotocol is using Chainlink Automation on #Polygon to help distribute royalty payments to creators and their royalty token holders.
— Chainlink (@chainlink) February 1, 2023
Explore how Automation helps improve the reliability of #Web3 protocols👇https://t.co/3bt8q0o2bJ
Icetea Labs Accelerator Program
Icetea Labs and Chainlink announced a strategic partnership to accelerate development in the Web3 gaming sector.
“We are determined to foster the growth of the space, providing a comprehensive ecosystem for founders and teams to develop their products and bring actual value to dedicated users,” according to an Icetea blog post.
Icetea is a leading Web3 gaming incubator in Asia that invests in early-stage startups and also offers a platform for companies to launch and grow.
By joining Icetea’s Accelerator Program, Icetea’s network of startups will have access to Chainlink services. Additionally, Chainlink will provide selected startups with enhanced marketing support and will potentially be a bridge between startups and investors or business partners in its network.
🤝We are thrilled to announce #Icetea_Labs has partnered with @chainlink Labs to accelerate the next golden generations of Web3 games via Accelerator Program and more.
— Icetea Labs (@Icetea_Labs) January 31, 2023
📜Details https://t.co/pPevElE9PH pic.twitter.com/gKD5lGzyRU
Last four weekly Chainlink Roundups:
- Jan. 29: $7 Trillion, FilSwan, Karto Cars
- Jan. 22: Etherisc, OpenEarth, Planet IX, EMP Money
- Jan. 15: Mind Network, Polarys, Festa do Taipe
- Jan. 8: Cask, OnePlanet, Kwil, 2022 Highlights
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:
Website | Twitter | Docs | Community
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Binance VIP Traders Informed of $4B Settlement Back in September
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December 1, 2023
The exclusive gathering took place at a luxurious Singapore night club in September, where attendees engaged with Binance executives and probed about the potential settlement.
Binance reportedly hosted an exclusive dinner for its most significant market makers in September. The gathering, held at a prestigious Singapore nightclub, was an intimate setting where select VIP traders gained insights into the impending $4 billion settlement with the U.S. Department of Justice, according to a recent report from Bloomberg.
The private dinner, organized for Binance's top traders, unfolded in the upscale 1880 members-only club. Attendees, consisting of market makers and traders, engaged in discussions with Binance executives about the company's legal challenges. The conversations revolved around the potential $4 billion fine, leaving attendees convinced that Binance could afford and would settle such a substantial amount.
Attendees' Perspectives
Reports suggest that attendees, after breaking into smaller groups, sought clarification on Binance's legal troubles. They left the dinner with a heightened expectation of the $4 billion settlement, emphasizing the significant financial impact it would have on the exchange.
Former CEO Changpeng Zhao was notably absent from the gathering, with the then-head of regional markets, Richard Teng, representing the company.
In response to the reports, a Binance spokesperson disputed certain aspects of the event's depiction while refraining from specifying the inaccuracies, as per The Block. This discrepancy in accounts raises questions about the transparency surrounding Binance's legal challenges and its communication with stakeholders.
Implications of the Settlement
Binance’s $4 billion settlement with U.S. authorities, including the Department of Justice, Department of the Treasury, and the Commodity Futures Trading Commission, marked one of the largest corporate settlements in U.S. history.
The resolution concluded a criminal investigation into allegations of money laundering and sanctions violations, settling many of Binance's legal troubles in the U.S. However, Binance.US and Changpeng Zhao still face a lawsuit filed by the U.S. Securities and Exchange Commission.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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 $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.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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.
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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