StarkWare, the inventor of the STARK technology to make blockchain scalable for mass adoption, has announced an upcoming partnership with Chainlink Labs, the team that helps build the industry-standard Web3 services platform, to accelerate the adoption of StarkNet and expand its growth through its ecosystem. With this partnership, StarkWare will officially join the Chainlink SCALE program and provide a Chainlink price feed on the StarkNet testnet.
As part of the Chainlink SCALE program, the StarkNet token will cover some of the operating costs of Oracle Chainlink nodes. This will allow StarkNet developers to access Chainlink’s oracle services and feeds at a low cost. This partnership will establish a sustainable economic system between StarkNet and Chainlink, and provide the infrastructure from which StarkNet developers can build high-performance smart contract applications, increasingly complex and secure.
“We’re excited to be joining the Chainlink SCALE program to provide our ecosystem of developers with access to the industry standard for oracle services, enabling a next-generation of globally scalable Web3 applications to be built on StarkNet,”
“We look forward to continuing our collaboration and welcome the passionate Chainlink community into the StarkNet ecosystem.”
Eli Ben-Sasson, Co-Founder and President at StarkWare.
With the recently announced partnership, as well as Chainlink Lab’s membership in the SCALE program, the Chainlink oracle network on StarkNet is expected to operate at high speeds and low costs for users and developers.
“We’re thrilled to have StarkNet joining the Chainlink SCALE program, further supporting the upcoming deployment of Chainlink oracle services on StarkNet mainnet,”
“By reducing the operating costs of oracle nodes, StarkNet is able to accelerate its ecosystem’s growth and become a more attractive environment for building scalable dApps in the Web3 ecosystem.”
Sergey Nazarov, Co-Founder of Chainlink.
Chainlink data streams are currently live on the StarkNet testnet and are expected to launch on the StarkNet mainnet in the near future. Once threads are deployed on the mainnet, StarkWare’s participation in the Chainlink SCALE program will serve as a key accelerator for the steady development of StarkNet.