#MarketRebound According to the latest market news, Chainlink has just announced a new partnership with the Shiba Inu$SHIB
project and its memecoin ecosystem.
In particular, the leader in the decentralized oracle sector is offering its blockchain interoperability services to the friendly infrastructure.
The union between the two entities will indeed bring Shibarium, the main network of Shiba Inu, into the cross-chain communication framework CCIP.
This is an interoperability standard, fully developed by Chainlink $LINK
, designed to facilitate interaction between different and incompatible blockchains.
The CCIP also allows developers to create native cross-chain applications through the transfer of arbitrary data between smart contracts on different chains.
In practice, Shibarium thus becomes much more open and capable of communicating with other infrastructures, exchanging tokens belonging to the CCT standard.
Among the most relevant use cases, we also find the possibility of transferring NFT on a cross-chain basis, and accessing loans from different liquidity sources.
The CCIP protocol of Chainlink opens the doors to programmable operations as well, with the tokens landed on the destination chain already knowing what to do based on the instructions of the smart contract.
The Shiba Inu community gains a huge advantage from this collaboration, gaining the ability to execute sets of actions involving multiple infrastructures, made impossible until today.
Regarding this news, Johann Eid, Chief Business Officer of Chainlink Labs, commented on the potential bull implications of the CCIP.