Chainlink recently announced that it will support the development of Ethereum infrastructure projects
The Oracle Smart Contracts Network is the latest protocol to announce that it will support the Ethereum ecosystem. Chainlink released a statement confirming the news on its website.
“We are still committed to the further growth of the Ethereum ecosystem. That is why we are taking part in Gitcoin Grants Round 8 as a suitable partner to fund projects selected by the community to improve the Ethereum infrastructure.”
The two protocols have been at odds in the past. Some time ago, Chainlink claimed that its network could solve most of the problems encountered with Ethereum’s blockchain. Users of the two have also compared them multiple times.
A community member responded to Chainlink’s tweet of the announcement saying that the situation between the two may change now that they work together.
“Hopefully this will undo the irrational discussions about $ ETH vs. $ LINK in the future, as it is obvious that Crypto needs both projects to support each other in order to thrive.”
This is not the first time Chainlink has announced its support for teams working to create next-generation infrastructure. The decentralized network has previously funded many developers and groups in this area. This support came through hackathons, Gitcoin funding rounds and bug bounty programs. In other cases the support was indirect; H. She supported other blockchains and the general ecosystem through the Community Grant program.
In the announcement, Chainlink’s trust in the project was explained in more detail.
“We believe that Gitcoin’s quadratic funding model is worth supporting to ensure that everyone in the Ethereum community has a voice to fund projects, regardless of the amount of capital provided by an individual donor. We will donate additional funds for Gitcoin Grants Round 8 to cover the individual donor contributions to popular projects. “
The Ethereum Grants Round 8 starts on Wednesday and runs until December 18th. Chainlink will now join Binance, which announced its commitment to the program earlier last month. The world’s leading crypto exchange has committed to donate $ 100,000 to the grant.