Scroll Foundation has teamed up with Chainlink Labs. This strategic partnership aims to fuel Ethereum’s growth trajectory. Significantly, Scroll will be a part of Chainlink’s SCALE initiative, marking a pivotal moment in the crypto landscape.
Scroll Foundation, renowned for its zkRollup on the zkEVM virtual machine, is a strong competitor to Ethereum. Hence, this collaboration is bound to redefine the industry dynamics. Scroll’s involvement in Chainlink’s SCALE initiative is at the heart of this alliance.
Scroll’s official statement sheds light on the partnership’s goals. It mentions the commitment to scale Ethereum in a community-driven, open approach. Moreover, this collaboration will grant Ethereum developers access to reliable, cost-effective oracle services for longer.
Haichen Shen, Scroll’s co-founder and engineering head, spoke about the partnership’s vision. He said, “Scroll focuses on Ethereum’s scalability and security. It’s the preferred choice for DeFi applications that need Chainlink oracles.” Additionally, Scroll has pledged to cover some operational costs of Chainlink oracle nodes. Consequently, this financial support will spearhead the network’s growth, introducing a wider range of oracle services and diverse Data Feeds.
Johann Eid, the Chief Business Officer at Chainlink Labs, shared his positive outlook. He stated, “This alliance bridges the Chainlink and Scroll ecosystems. It fosters developer creativity and drives the growth of the Scroll ecosystem.”
Chainlink’s SCALE program has turned heads in the industry. It provides L1s and L2s with unmatched access to premium oracle services. This initiative also aims to reduce overhead for Chainlink’s oracle nodes, bolstering the Scroll ecosystem.
The announcement underscored the advantages of Scroll’s participation in SCALE. It read, “Scroll’s active role in SCALE ensures its ecosystem flourishes. It offers developers easy access to top-tier oracle data and services. Moreover, it reduces Chainlink nodes’ gas costs when delivering oracle reports on Scroll.”
The partnership between Scroll Foundation and Chainlink Labs is set to usher in transformative shifts. By leveraging their combined expertise, they aim to provide unmatched services to Ethereum developers.