Magic Square, a blockchain development company, has announced a strategic collaboration with Chainlink Labs to bring highly secure and reliable Chainlink technology to more projects in the blockchain ecosystem.
In this blog post, we will explain what this collaboration means for the blockchain community, and how it will benefit both developers and users of Web3 applications.
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What is Magic Square?
Magic Square is a blockchain development company that aims to create a Web3 App Store, where users can discover and access decentralized applications (DApps) built on various blockchain platforms. Magic Square provides a user-friendly interface, a curated list of quality DApps, and a rating system that helps users find the best DApps for their needs.
Magic Square also offers a platform for developers to launch and promote their DApps, and to access various tools and resources to improve their development process. Magic Square supports multiple blockchain platforms, such as Ethereum, Binance Smart Chain, Polygon, Solana, and more.
What is Chainlink?
Chainlink is a decentralized Oracle network that provides smart contracts with access to off-chain data and external APIs. Chainlink enables smart contracts to interact with real-world data sources, such as market prices, weather data, sports scores, random number generation, and more.
Chainlink also provides smart contracts with access to external computation and off-chain services, such as verifiable randomness, proof-of-reserve, keepers, and more. Chainlink ensures that the data and services provided by its network are secure, reliable, and tamper-proof, by using cryptographic proofs and economic incentives.
How does the collaboration work?
The collaboration between Magic Square and Chainlink Labs will enable projects building with Chainlink to be listed on Magic Store – the Web3 App Store. This will increase the visibility and adoption of Chainlink-powered DApps, and provide users with more options and opportunities to use Web3 applications.
The collaboration will also help to expand the use of Chainlink technology in the blockchain ecosystem, and provide developers with more secure and reliable solutions for their projects. Developers who use Chainlink will be able to access Magic Square’s platform and tools, and benefit from its community and network.
What are the benefits of the collaboration?
The collaboration between Magic Square and Chainlink Labs will bring several benefits to the blockchain community, such as:
– More exposure and adoption for Chainlink-powered DApps: Users will be able to discover and access Chainlink-powered DApps on Magic Store – the Web3 App Store. This will increase the user base and revenue potential for Chainlink-powered DApps, and showcase the value and innovation of Chainlink technology.
– More options and opportunities for users of Web3 applications: Users will be able to choose from a wide range of quality DApps built on various blockchain platforms, and powered by Chainlink technology. Users will be able to enjoy the benefits of Web3 applications, such as transparency, security, privacy, and interoperability.
– More secure and reliable solutions for developers: Developers who use Chainlink will be able to leverage Magic Square’s platform and tools, and benefit from its community and network. Developers can launch and promote their DApps more easily, and access various resources and support to improve their development process.
To learn more about Magic Square, visit our website: https://magicsquare.io/
To learn more about Chainlink, visit their website: https://chain.link/
