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Home Industry News Chanlink Labs & StarkWare Join Forces to Create Stable Economic Structure

Chanlink Labs & StarkWare Join Forces to Create Stable Economic Structure

10th February 2023

To speed up the implementation of StarkNet and broaden its growth, Chainlink Labs and StarkWare have entered into a forthcoming alliance. Chainlink Price Feeds will be made accessible on the StarkNet testnet as part of the company’s participation in the Chainlink SCALE initiative.

The initiative means that StarkNet development experts will be able to use inexpensive Chainlink oracle services and Data Feeds. Through this alliance, a stable economic structure will be created, and StarkNet developers will have access to the resources they need to create smart contract apps that are fast, safe, and more sophisticated.

StarkWare’s co-founder, Eli Ben-Sasson, expressed how the ” Chainlink SCALE program” will “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.”

Chainlinks’ co-founder, Sergey Nazarov, explained the partnership will enable increased support for “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.”

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