StarkWare, a leader in layer 2 blockchain scaling systems, has announced a partnership with blockchain data provider Chainlink Labs to accelerate growth and app development within the StarkNet ecosystem.
This partnership will see StarkWare join the Chainlink SCALE accelerator program, which provides access to Chainlink oracle nodes at a lower cost to StarkNet developers.
Oracles play a crucial role in the blockchain world by sending data from the real world to a blockchain to trigger specific smart contract events.
This arrangement will allow StarkNet developers to access Chainlink services and data feeds at a reduced cost, helping to build a next generation of globally scalable Web3 applications on StarkNet.
With an $8 billion valuation after a funding round last year, StarkWare is one of the most highly valued scalability entities in the blockchain industry.
The partnership with Chainlink Labs, the industry standard for oracle services, will further strengthen StarkWare’s position as a leading player in the field.
StarkWare co-founder and President Eli Ben-Sasson expressed excitement about the partnership, stating that it would provide StarkNet developers with access to the industry-leading Oracle services and enable the development of globally scalable Web3 applications on StarkNet.
