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- The Celo Foundation has revealed its participation in the Chainlink SCALE initiative.
- This program addresses the operational expenses of Chainlink oracle networks.
The Celo Foundation has revealed its involvement in the Chainlink SCALE (Sustainable Chainlink Access for Layer 1 and 2 Enablement) initiative to enhance the adoption of its regenerative ecosystem.
.@CeloOrg has joined #Chainlink SCALE to boost #Celo adoption.
With the forthcoming introduction of Chainlink oracles on Celo, developers within the Celo ecosystem will have access to the proven data feeds necessary for creating a new generation of mobile-first dApps.https://t.co/JNpHKHSgl0 pic.twitter.com/1lVLrMTJxc— Chainlink (@chainlink) April 25, 2023
Through its participation in the program, Celo developers will obtain access to affordable, dependable Chainlink oracle data and services, which will facilitate the long-term growth and adoption of Celo.
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Chainlink SCALE aims to enhance access to high-quality, cost-effective, and sought-after oracle services for layer-1 and layer-2 blockchains. The initiative covers the operational expenses of Chainlink oracle networks for a designated period, allowing L1/L2s in the program to develop while transitioning the operational costs of oracle networks to be fully supported by dApp user fees.
By engaging in the program, the Celo ecosystem will optimize its prospects for success by equipping developers with top-tier oracle data and services while minimizing the gas fees incurred by Chainlink nodes when delivering oracle reports. Additionally, this allocation of resources will assist Celo in becoming one of the most high-utility mobile-first layer-1 networks, providing its ecosystem developers with access to reliable and affordable oracle services for an extended duration. This will establish a foundation for Celo to facilitate secure, fully-featured, and highly efficient next-generation mobile applications.
Advantages of Joining Chainlink SCALE for Celo’s Ecosystem
Xochitl Cazador, Head of Ecosystem Growth at the Celo Foundation, stated that the community’s objective in joining Chainlink SCALE is to achieve long-term sustainability. The partnership with Chainlink will pave the way for the next generation of highly scalable Web3 mobile applications, and the Celo community is pleased to welcome Chainlink into their ecosystem.
Niki Ariyasinghe, Head of Blockchain Partnerships at Chainlink Labs, conveyed enthusiasm regarding Celo’s choice to join the SCALE program, which will bolster the growth and long-term adoption of its mobile-first ReFi ecosystem. Furthermore, by lowering the operational costs of oracle nodes, it will empower its developers to create more advanced mobile applications that contribute to global Web3 adoption.
Overall, Celo’s decision to participate in the Chainlink SCALE program marks a crucial advancement toward the adoption and expansion of its ecosystem. By granting developers access to reliable and cost-effective oracle services, the program will enable Celo to emerge as one of the most high-utility mobile-first layer-1 networks and support the creation of next-generation mobile applications.
