GSR partners with Chainlink to integrate price data for smart contracts By Cointelegraph

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© Reuters.

Crypto market-making firm GSR has partnered with Chainlink to contribute price data to decentralized oracle networks (DONs) to be used within decentralized finance (DeFi) and smart contract applications, highlighting that the blockchain industry is moving forward to interoperability and more cross-platform compatibilities.

In an announcement, Sergey Nazarov, the co-founder of Chainlink, said that “high-quality market data is vital to the growth of the multi-chain ecosystem.” According to Nazarov, GSR launching its data service will enable the firm to access the ever-growing blockchain economy and assist in the innovation of smart contracts.

Chainlink co-founder Sergey Nazarov. Source: OceanProtocol YouTube