NEW: WAX to Use Chainlink Oracles to Bring Off-Chain Data and Resources to the WAX and EOSIO Ecosystem

WAX is excited to announce its planned integration of Chainlink’s decentralized oracle network to securely and reliably access data and resources from outside the EOSIO ecosystem. WAX will use Chainlink to obtain market data for DeFi products, source real-world events for next-generation NFTs, and communicate cross-chain to other key ecosystems such as Ethereum.

With this partnership, the entire WAX ecosystem gets secure access to a variety of off-chain resources, such as random number generation, token prices, sports events, IoT data, interoperability with other chains, existing payment systems, enterprise backends, and much more. This helps dApps avoid the major pitfalls with trying to deploy their own oracles, such as excessive delays, extra expenses, and even fatal security flaws.

Read the full announcement on the WAX blog.

Originally published on March 18, 2020 at https://wax.io.