As a part of its ongoing efforts to increase its presence within the UAE and foster tokenization amongst blockchain initiatives, Chainlink has partnered with Abu Dhabi World Market (ADGM), the monetary middle of the UAE’s capital.
This collaboration will leverage Chainlink’s infrastructure to drive blockchain innovation amongst companies registered underneath ADGM. By accessing Chainlink’s suite of blockchain instruments and superior companies, ADGM goals to reinforce tokenization efforts within the area.
ADGM, identified for its position in world blockchain innovation, sees this partnership as a key step towards reshaping its regulatory framework for the blockchain ecosystem.
As a part of the settlement, the companies will host a collection of occasions and workshops to teach the UAE’s blockchain and AI ecosystem. Whereas numerous subjects can be coated, ADGM has emphasised key discussions on tokenization, cross-chain interoperability, proof of reserves, and rising blockchain requirements.
LINK reveals bullish momentum amid community growth
Past the strategic advantages for the Chainlink ecosystem, this partnership will increase the community’s footprint within the UAE and drive additional adoption of its native token, LINK.
With its market-leading companies, Chainlink presently facilitates over $19 trillion in transaction worth. Whereas this has contributed to the community’s robust efficiency, LINK’s value has responded positively to the information. In response to CoinMarketCap, LINK is buying and selling at roughly $15.19, reflecting a 5.98% improve over the previous 24 hours.
The surge in LINK’s value suggests heightened investor curiosity, and the potential inflow of latest customers might additional gas its bullish trajectory.