Chainlink’s CEO, Sergey Nazarov stated that one substantial factor boosting the corporate adaptation of blockchain technology is- trustworthy oracle services and products, that connect blockchain programs to real-world issues, and vice versa. According to him, blockchain-based agreements secured to real-world events, accurately and securely – are the subsequent “leap forward” that will take the industry to new heights.
At CoinDesk’s Invest: Asia conference, Nazarov talked about Chainlink’s plans for user adoption of Oracle products and services in the Asia-Pacific region and beyond. With the new partnerships, privacy improvements in the pipeline, and price data feed, Nazarov revealed what’s on the table for the two-year protocol.
He also talked about recent allegations made by blockchain analytics company AnChain.ai regarding some “pump-and-dump” trade activity with Chainlink’s LINK token.
As per reports, the LINK token, which was priced at $0.10 during the initial crowd-funding in September 2017, used to pay node operators of the Chainlink platform, has climbed over 1,000 percent, now listed at $1.70.
The LINK’s market capitalization even trifled with a $1.4 billion valuation in July soon after it was placed on the Coinbase Pro cryptocurrency exchange, but, since then, the token’s value had weakened significantly with a current market capitalization of about $600 million.
Although, Nazarov was adamant about the volatility in token price, and declared that its activity had nothing to do with the ongoing operation of his team. He stated:
“I think the nuance here is that crypto markets and the companies that build the technology are to a large degree separate.”
Matt Ocko, the managing partner at venture capital firm Data Collective, who remains a major investor in Chainlink, stated that the LINK token, despite being volatile has good “operational value” for its holders. He added:
“To Chainlink’s credit, they didn’t set out like some of their peers. Some folks built things on tokens that were purely speculative. Chainlink did the exact opposite.”
Introduction The unconventional features of Bitcoin as an asset have raised a significant …