

Chainlink Weekly Roundup: SWIFT, SCALE and Coinbase Cloud



Chainlink is achieving huge milestones amid SmartCon 2022, including projects with SWIFT, Coinbase Cloud and several layer-one and layer-two blockchains.
Chainlink in the Web3 Spotlight
Chainlink's yearly conference SmartCon kicked off in full force with industry-leading speakers and exciting integrations.
The oracle network keeps expanding its reach, integrating new projects every week and finding support from some of Web2 and Web3's most significant builders.
“Let’s just say congratulations to you all for ending up in the right spot in the web3 space, working with @chainlink . Thank you very much.” - @ericschmidt $Link #SmartCon2022 pic.twitter.com/7yd5AEMide
— ⬡ basel ⬢ (@LifeisMalleable) September 28, 2022
In this week's roundup:
- SWIFT partners with Chainlink.
- Chainlink's SCALE program goes live.
- Coinbase Cloud teams up with Chainlink Labs.
- Digital Asset Research and Galaxy integrate Chainlink.
- Chainlink and CF Benchmarks launch Web3's base rate.
SWIFT: Changing How the World Moves Value
The world's leading interbank messaging system partnered with Chainlink to communicate across all blockchain environments.
The project wants to bridge the gap between traditional and digital assets for TradFi institutions, accelerating the adoption of distributed ledger blockchains and benefiting various institutions across capital markets.
SWIFT is using the Cross-Chain Interoperability Protocol (CCIP) in an initial proof of concept.
— Chainlink (@chainlink) September 28, 2022
CCIP will enable SWIFT messages to instruct on-chain token transfers, helping the SWIFT network become interoperable across all blockchain environments.https://t.co/8GOBNhzwCk pic.twitter.com/Pvm0Cex45e
SCALE: Growing On-Chain Ecosystems
Chainlink Labs announced Chainlink SCALE - Sustainable Chainlink Access for Layer 1 and 2 Enablement.
The program is centered around accelerating the growth of blockchain and layer-two ecosystems while improving the oracle network sustainability. In a nutshell, it's designed to improve data security and utility while reducing the operating costs of oracle services.
2/ SCALE is a holistic and win-win economic model for both blockchains and the Chainlink Network.
— Chainlink (@chainlink) September 28, 2022
As L1 & L2 userbases expand, fees from dApps can eventually cover the full on-chain costs of Chainlink oracle nodes—driving long-term viability across different ecosystems.
The first projects participating in the program include Avalanche, Metis, Moonbeam Network, and Moonriver.
Coinbase Cloud: Reliable NFT Pricing
Chainlink Labs partnered with Coinbase Cloud to launch NFT Floor Pricing Feeds.
The high-fidelity feeds make the lowest purchase price for NFTs within a collection easily accessible to developers. They use Coinbase Cloud's algorithm to scan every NFT transaction in the collection across major marketplaces and eliminate outliers.
"We are excited about this partnership between Coinbase and Chainlink. We're bridging the gap between transparency and security in the NFT space by bringing reliable and timely on-chain NFT Floor Pricing Feeds for the top NFT collections to the Web3 world," said Michael Li, VP of Data at Coinbase.

Developers can use the pricing feeds to power financial Decentralized Applications (dApps) that allow users to collateralize their NFTs, track the performance of the NFT market, accelerate NFT prediction markets, and enable a whole new class of dynamic NFTs.
CF Benchmarks: Interest Rates for Web3
Chainlink and CF Benchmarks launched the first market-wide interest rate product for Web3.
The "CF Bitcoin Interest Rate Curve" delivers a base rate that helps Web3 market participants better understand digital asset valuations and manage risk.
"This base rate will help unlock innovation across lending and borrowing platforms, asset valuation models, swap markets, and other financial primitives," said Sui Chung, CEO of CF Benchmarks.

Some of the base rate benefits include:
- Transparency: Lenders and borrowers have the market benchmark available.
- Consistency: It introduces predictability to the flow of digital asset markets.
- Clarity: Users can quantify the risks of using specific protocols.
Digital Asset Research, Galaxy, and Chainlink
Digital Asset Research and Galaxy Digital are now providing crypto pricing data to blockchains through Chainlink.
The former is a price data provider to leading institutions and is actively used within the Bloomberg Terminal, while the latter is a well-established Web3 investment management innovator. Together with Chainlink, they will deliver robust market data to smart contract applications and bring greater trust to DeFi.
"As the market leader for blockchain middleware and oracle services, Chainlink provides secure and reliable connectivity between data providers and blockchain applications," said Doug Schwenk, CEO of Digital Asset Research.

Check out BSC News' weekly roundup to keep up with the latest updates about the smart contract powerhouse.
Last four editions:
- Sep. 17: Lanceria, DeHealth, bountyblok and Ojamu
- Sep. 10: Euler, TipMeACoffee and Blockpour
- Sep. 03: MicroBuddies and MoonieNFT
- Aug. 26: Drip Teddy Club, Interest Protocol and Nexus Mutual
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. They currently secure tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offer global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
Website | Twitter | Docs | Community
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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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Ether Futures ETFs Hit the Market: ProShares, VanEck, and More Offer Options

This marks the first-ever ETFs based on ether futures, following the introduction of the first bitcoin futures ETF two years ago.
Summary
- A range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched.
- These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
In a significant development for the crypto industry, a range of exchange-traded funds (ETFs) targeting the performance of ether futures have been launched. These offerings mark the first-ever ETFs based on ether futures, coming almost two years after the introduction of the first bitcoin futures ETF.
Renowned for launching the first U.S. bitcoin futures ETF, ProShares leads the charge with the launch of the ProShares Ether Strategy ETF, along with two additional offerings that provide a blend of exposure to both bitcoin and ether. ProShares’ CEO, Michael L. Sapir, expressed optimism about the appeal of these crypto-linked ETFs to investors, stating, "We think that many investors who are interested in cryptocurrencies but are concerned about custody risks, or who are challenged by the learning curve and complexities required to buy them directly, will be attracted to our crypto-linked ETFs."
Bitwise also joined the fray with two ether futures ETFs: the Bitwise Ethereum Strategy ETF and the Bitwise Bitcoin and Ether Equal Weight Strategy ETF.
VanEck, a prominent asset manager, has also entered the arena with the VanEck Ethereum Strategy ETF. This ETF is designed to target capital appreciation by investing in ether futures contracts, providing investors with an alternative path to participate in the robust futures market centered around Ethereum.
Additionally, the VanEck Ethereum Strategy ETF has also entered the market, “designed to seek capital appreciation” through ether futures contracts. As highlighted by Kyle DaCruz, Director of Digital Asset Product at VanEck, these offerings provide a means for investors to tap into the robust futures market surrounding Ethereum.
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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