According to a press release published in the journal, Shiba Inu has entered into a strategic partnership with Chainlink. The alliance will see Shibarium, Shiba Inu’s layer 2 (L2) blockchain network, integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its core cross-chain communication infrastructure, along with adopting the Cross-Chain Token (CCT) standard for its native assets SHIB, BONE, and LEASH.
What does Shiba Inu and Chainlink mean?
“We are pleased to announce that Shiba Inu and Chainlink are partnering to grow the Shiba Inu ecosystem,” reads the official press release. “Shibarium has integrated Chainlink’s blockchain interoperability standard as its standard cross-chain infrastructure.” The move enables the Shiba Inu ecosystem assets to be deployed across 12 blockchains.
Shiba Inu Chainlink Partnership News
Shiba Inu Goes Multi-Chain With New Partnership with Chainlink
Jake Simmons By Jake Simmons
4 hours ago
According to a press release published in SHIB Magazine, Shiba Inu has entered into a strategic partnership with Chainlink. The alliance will see Shibarium, Shiba Inu’s layer 2 (L2) blockchain network, integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its core cross-chain communication infrastructure, along with adopting the Cross-Chain Token (CCT) standard for its native assets SHIB, BONE, and LEASH.
What does Shiba Inu and Chainlink mean?
“We are pleased to announce that Shiba Inu and Chainlink are partnering to grow the Shiba Inu ecosystem,” reads the official press release. “Shibarium has integrated Chainlink’s blockchain interoperability standard as its standard cross-chain infrastructure.” The move enables the Shiba Inu ecosystem assets to be deployed across 12 blockchains.
Shibarium is built on Ethereum with a focus on scalability, speed, and cost-efficiency. By adopting the CCT standard, the Shiba Inu ecosystem can now facilitate token transfers using Ethereum’s “lock and mint” bridge mechanism and “burn and mint” mechanisms for cross-chain transfers outside of Ethereum. These approaches aim to ensure a controlled, secure, and verifiable means of transferring value across multiple networks, all powered by Chainlink’s CCIP.
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Johan Eid, Chief Business Officer at Chainlink Labs, emphasized the importance of the partnership in expanding the capabilities of the Shibarium chain. “We are excited to partner with Shiba Inu and grow their ecosystem together,” Eid said. “The integration of Chainlink CCIP as the core Shibarium chain solution and Shiba Inu’s adoption of the CCT standard will enhance their capabilities and drive widespread adoption of their ecosystem.”
Kaal, a core developer of Shiba Inu, emphasized the importance of adopting CCIP and the CCT standard: “In partnership with Chainlink, we are not just choosing an industry standard, but setting a bold new path for the Shiba Inu ecosystem. By integrating CCIP and the CCT standard, SHIB, LEASH, and BONE will be able to span multiple chains for the first time ever with unparalleled security, reliability, and built-in burning mechanisms.”
The ultimate impact of this cross-chain expansion will depend on developer adoption, user engagement, and the broader DeFi market response. While the outcome remains unclear, the stated goal of the partnership is clear: to foster innovation, encourage widespread adoption of Shibarium tools, and establish the Shiba Inu ecosystem as a leading force in cross-chain interoperability and decentralized finance.
As Cal noted, “This achievement paves the way for more innovative multi-chain applications, leading to wider adoption and igniting a new era of growth and potential for the Shiba Inu ecosystem.”
At the time of publishing this report, SHIB stock was trading at $0.00002218.
