NEX is now a formal participant in the Chainlink BUILD program

In order to advance the ecosystem’s overall expansion, NEX collaborates with the Chainlink BUILD program. This will be accomplished by obtaining the necessary technical assistance and the availability of Chainlink’s oracle solutions. Additionally, the promotion of the development of enhanced crypto economic safety factors will be implemented.

As a result, NEX will be committed to offer network fees and other benefits to the Chainlink community and service providers, including stakeholders. Through improved support, secure offchain services, and the support of Chainlink’s vibrant community, NEX believes that it can increase awareness of NEX and facilitate the adoption of centralized and decentralized index products.

NEX is currently dedicated to providing support in a variety of sectors. Items that include NEX include a Crypto 5 index, which is associated with anti-inflation, as well as forthcoming support for Arbitrum and AI. It assists both DeFi and TradFi users. 

The team is fortunate to have brought on board the director of a prominent Italian bank. He will use his extensive network of TradFi clients and institutions to increase protocol adoption and cultivate relationships with other financial institutions and asset managers.

The reason for NEX honing in on BUILD was to benefit from Chainlink’s Oracle solutions in terms of safety and dependability. Through the association, NEX will be provided with connectivity to Chainlink data feeds as well as Chainlink CCIP for backing interactions amongst vaults throughout separate blockchains. Additionally, the association will link with the alpha and beta releases of Chainlink items.

In return, NEX will be required to hand over 3.5% of its conventional token quantity to Chainlink service providers and stakers. 

Chainlink is a benchmark for decentralized computing platforms, helping to boost the authenticable web. It has carried out a large volume of transactions by offering connectivity with real-time data, off-chain computation, and cross-chain interoperability to financial bodies, as well as startups and builders.

In the case of NEX, it offers assistance to investors seeking to explore various verticals, which include computing, memecoins, and L2s.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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