Breaking: Chainlink Targets Web 2.0 Developers With New Platform Launch

Chainlink crypto news: Ethereum based blockchain network Chainlink is all set to launch a new platform for developers to build linkage between web 2.0 APIs and web 3.0 applications. Importantly, the new platform will allow making customizable computations on web 2.0 APIs very quickly. It is expected that this addition will go a long way in the adoption of Chainlink, which is focused heavily on the smart contracts space. Very recently, the blockchain’s core team also revealed plans to pivot to the artificial intelligence way, to tap the AI related use cases.

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Chainlink Web 2.0 Linkage

The new Chainlink Functions platform will essentially help developers connect their decentralized applications (dApps) and smart contracts to any web 2.0 APIs. Kemal El Moujahid, chief product officer, Chainlink Labs, said the platform will facilitate activities on web 2.0 APIs within minutes. It also helps developers make linkages to Amazon Web Services (AWS) and Meta.

“What this creates is a massive opportunity to build apps that combine the best of smart contracts and Web 2.0.”

He indicated that the idea was drawn from embedding AI into web 2.0 apps. Similarly, the new platform enables working environment for part smart contract and part web 2.0 APIs. From a developer ecosystem of few hundred thousand developers on Chainlink currently, the team is aiming at the larger picture, which is the 30 million developers globally.

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As of writing, Chainlink price stands at $7.43, up 0.29% in the last 24 hours, according to CoinGape price tracker. With a ranking of 19 based on market cap, $LINK saw a rise by around 50% since the start of January 2023. Meanwhile, expectation around any LINK rally in coming weeks would be aimed at the cryptocurrency breaching the crucial resistance at $9.40, which it failed to break since 10 months.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @BitcoinReddy and reach out to him at [email protected]