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- The partnership between Chainlink and Coin98 is geared towards improving the opportunities for the Southeast Asian Web3 community by equipping them with proper tooling.
- The Coin98 developers will have unlimited access to the Chainlink BUILD program to enhance the growth and adoption of blockchain and digital assets across the region.
In a bid to secure a solid future in the mainstream adoption of the Web3 industry, Coin98 (C980) and Chainlink (LINK) have forged a strategic partnership to enable the seamless development of DeFi protocols by Southeast Asian developers. According to the announcement, Coin98 – an open infrastructure financial service builder, can now tap on the Chainlink BUILD for high-quality Web3 services. Moreover, the Chainlink team has obtained significant experience through the BUILD program on the best practices when it comes to DeFi designs for enhanced security, scalability, and practicality.
Currently, the Coin98 team is working on consolidating an ecosystem of DeFi protocols through an interconnected platform dubbed Coin98 Super App. With the Coin98 developers having seamless access to Chianlink’s reliable price feeds, the project is bound to attract more users seeking a stable entry into the digital assets realm. Thanh Le, Founder of Coin98 Labs, noted;
We want to provide our developer ecosystem with the best opportunities and tooling available for teams to build outstanding DeFi applications. This channel partnership with Chainlink Labs will help us further our ecosystem goals and support the Southeast Asian Web3 community,
What the Coin98 and Chainlink’s Integration Means to Crypto Market
The Chainlink team highlighted that the strategic partnership with Coin98 will establish high-quality marketing opportunities. Moreover, Chainlink is already tapped by top-ranked crypto projects – like Coinbase, and Cardano (ADA) -that rely on the same price feeds. Following the announcement, the C98 price edged 3.3 percent higher in the past 24 hours to trade around 14 cents on Tuesday. Similarly, Chainlink (LINK) price gained about 2.5 percent in the past 24 hours to trade around $7.43.
.@coin98_labs, developer of all-in-one DeFi platform @coin98_finance, has entered into a channel partnership with @ChainlinkLabs.
The partnership helps the Southeast Asian developer community access high-quality Web3 services and marketing opportunities.https://t.co/2FLRScmsJd
— Chainlink (@chainlink) September 25, 2023
The Coin98 team has made several high-profile partnerships in the past few months in preparation for altcoin recovery. Earlier this month, Coin98 announced its strategic integration with NFTScan to assist in NFT management. Additionally, Coin98 announced a strategic partnership with the Coinbase-backed Base mainnet network to help enrich its DeFi developer ecosystem. In late August, Coin98 announced that it now supports WalletConnect V2 to enable the ultimate Dapp experience.
Meanwhile, it is worth noting that Coin98 closed its seed funding round in 2021 with about $1.25 million led by ParaFi Capital, Multicoin Capital, Hashed, and Spartan Group. Over the years, the Coin98 ecosystem has grown into a vibrant network with a market capitalization of about $85 million and a 24-hour average trading volume of approximately $8.8 million.
LINK Price Action
After more than a year trapped in a horizontal consolidation, Chainlink’s price has shown early signs of an imminent breakout. Moreover, Chainlink’s price is well bolstered by the numerous partnerships and a vibrant network of node operators and investors.
Is $LINK breaking its multi-year Macro Downtrend?#LINK #Crypto #Chainlink pic.twitter.com/vVKu0Efsm4
— Rekt Capital (@rektcapital) September 25, 2023
