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Chainlink Launches Platform to Help Web2 Connect With Smart Contracts
The beta version of Chainlink Functions is now live on the Ethereum Sepolia and Polygon Mumbai test networks.
Blockchain data provider Chainlink has released a platform that will enable developers to connect data to smart contracts, the company said on Wednesday.
Chainlink Functions will allow any smart contract – blockchain protocols that execute the terms of a contract – to connect to any Web2 application programming interface (API).
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"Until now, Web3 developers couldn’t connect their smart contracts to existing Web2 APIs to access social-media signals, AI (artificial-intelligence) computation, messaging services and more," the company said in a blog post.
The beta version of Chainlink Functions is live on the Ethereum Sepolia and Polygon Mumbai test networks, the company added. The Chainlink token (LINK) was little changed on Wednesday at $7.41.
“Chainlink technology is an ideal way to provide smart contract developers anywhere in the world with direct, on-demand access to AP’s (Associated Press) trusted economic, sports and election race call data," Michael Fabiano, head of Americas Media at the AP, told CoinDesk in a statement. "With the launch of Chainlink Functions, it will be easier than ever for AP-licensed developers to integrate AP data with innovative smart contracts and deploy new use cases across leading blockchain networks.”
Chainlink has aimed to provide products to connect the world with blockchain technology. In September, the company announced a partnership with SWIFT, an interbank messaging system, to help SWIFT make token transfers and communicate across all blockchains.
Read more: SWIFT Is Partnering With Chainlink: Here’s the Down-low on the Blockchain Data Provider
Camomile Shumba
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner. Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
Aoyon Ashraf
Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.
