Amber Group, a prominent global corporation specializing in digital asset services and infrastructure, is partnering with Chainlink. Link is a well-known brand in the decentralized oracle system. The purpose is to deliver solid and secure asset trade costing services. Thus, it will help in growing the primary audience of institutional customers in Asia, Europe, and North America.
After two successful Series B and Series B+ transactions, the firm currently has a value of $3 billion. Amber Group will use Chainlink Price Feeds’ offerings. This is to improve its capacity to collect virtual currency services. Moreover, they will be able to supply high-quality financial market statistics to its WhaleFin digital asset network.
Chainlink is a prominent industry label for building, integrating, and selling Oracle solutions that assist hybrid smart contracts on any platform. It also safeguards tens of billions of dollars in DeFi, gambling, insurance, as well as other industries.
The Reasons for Amber Group’s Partnership with Chainlink
The merging happens in response to the growing global use of DeFi. Moreover, this results in network congestion and expandability difficulties. Such a problem culminates in difficulties. It includes increasing network resilience, security concerns, and high network processing fees.
A decentralized Oracle network gives small agreements. This is for safe and reliable access to external data, IoT devices, payment networks, and internet APIs. Chainlink’s connection to asset data via real-time trade pricing will help. Furthermore, as a result of the recent merger, Amber Group customers now have access to more accurate transactional pricing services. Thus, it also includes off-chain and on-chain seamless payment services for the blockchain environment.
Amber Group’s CTO, Thomas Zu, states that the company is glad to incorporate Chainlink, the industry-leading chain oracle solution. Amber Group now has access to financial stability market data through the Chainlink interface. This will assist in unleashing further blockchain technologies that are compatible with more conventional equipment. As Amber Group expands its worldwide footprint, designers will effectively boost their ability to expedite product and service development. Hence, this is in order to better satisfy the changing expectations of our clients.
Increasing the Value and Competitiveness of NFT Rarity Offerings
The combination will surely help Amber Group introduce more valuable and competitive NFT rarity services. Furthermore, they will also provide additional customer interface paths in the relevant areas.
Additionally, the merger with Chainlink will enable Amber Group to provide off-chain and on-chain comprehensive banking services.
Chainlink Labs’ Head of Global Sales, Tomasz Wojewoda, says that it is an interesting time for them as we help the group in its next stage of development. They anticipate a long and fruitful collaboration that will assist them in accelerating the general adoption of digital assets backed by Chainlink’s increasing portfolio of trust-minimized solutions.
Amber Group is a prominent multinational with locations in the United States, Europe, and Asia. They specialize in digital asset services and foundations. Thus, the firm provides a variety of digital asset products, including trading, lending, and investment. Amber Group.prominent Asia’s monetary supporters include Tiger Global, Pantera, Paradigm, Temasek, Sequoia, Coinbase Ventures, Dragonfly, as well as Blockchain.com.