Chainlink announced its collaboration with the DeFi Money Market (DMM)
ChainLink, a decentralized oracle network that enables smart contracts to access off-chain data feeds securely, is now ranked among the world’s tech giants. And the giant has just announced a partnership with DeFi Money Market (DMM), which offers higher yield money markets on the Ethereum mainnet backed by tokenized real-world assets. In other happenings, Chainlink (LINK) price has highlighted the price trend over the past hours.
Chainlink announced its collaboration with the DeFi Money Market (DMM)
Chainlink, JP Morgan, Siemens, IBM, Microsoft, Intel are among others who are members of IC3, an organization run by experts from some of the most prestigious technical universities in the world.
A Twitter user named TheLinkMarine shared this with the Chainlink community to showcase the prestigious potential embedded in the Oracle solution and its native token LINK.
Welcome @DMMDAO to the Chainlink ecosystem! DMM is a blockchain-based money market backed by real-world assets & trusted off-chain data from Chainlink oracles. DMM currently has $10M USD in tokenized car loans backing the launch of its initial money market https://t.co/bPlUs0Wmez
— Chainlink – Official Channel (@chainlink) March 2, 2020
Indeed, Chainlink recently announced a partnership with DeFi Money Market (DMM). Since early 2020, Chainlink has always been welcoming a series of growth and development, which has had a positive impact on the LINK price in the cryptocurrency market. The solution it proffers using its decentralized oracle network has significantly aided its global exposure in terms of partnerships and beneficial integrations.
Describing its recent cooperation, Chainlink said:
Welcome @DMMDAO to the Chainlink ecosystem! DMM is a blockchain-based money market backed by real-world assets & trusted off-chain data from Chainlink oracles. DMM currently has $10M USD in tokenized car loans backing the launch of its initial money market https://t.co/bPlUs0Wmez
— Chainlink – Official Channel (@chainlink) March 2, 2020
Chainlink (LINK) price in the market
Chainlink (LINK), the 11th largest cryptocurrency by market cap, has highlighted the price trend over the past hours. The digital token can eventually break out of Tezos (XTZ) if it strengthens its current uptrend.
Its recent top performance is attributed to the current exposure and development acquired by Chainlink. At the time of submitting this report, LINK is trading at $ 4.41, with an increase of 5.87% in the last 24 hours.
Source: CoinMarketCap
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