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Chainlink Weekly Recap: Etherisc, OpenEarth, Planet IX, EMP Money

The Chainlink smart contract oracle network has partnered with two climate-related projects, added a new member to the BUILD program, and more!

Climate, NFT Game, DeFi

As we enter the Year of the Rabbit, Chainlink is making its own fortune in the crypto universe. This week, the dominant smart contract oracle network announced partnerships with two carbon credit-related projects, a Non-fungible token (NFT)based on a strategy game and a Decentralized finance (DeFi) protocol on BNB Channel.

In this week’s summary:

Chain link for Etherisc, Coorest

Etherisc integrates Chainlink on the Polygon network to give the decentralized insurance protocol access to Floodlight weather data, enabling the creation of insurance against natural disasters smart contracts.

“We are excited to help advance the token carbon offset ecosystem by providing users with natural catastrophe insurance that helps mitigate the financial risk of reforestation projects,” said Etherisc co-founder Christoph Mussenbrock, in a statement. blog post. “Together, Floodlight and Chainlink play a key role in providing extremely reliable climate data on Polygon. Without a doubt, this insurance product would not be possible without them.

The initial use case for the product is to provide insurance coverage for Coorest’s NFTrees initiative, which allows entities such as farmers and forest preservation organizations to tokenize their trees’ carbon offsets under the form of CC02 tokens.

“Etherisc’s carbon offset insurance product has the potential to provide greater asset certainty and reduce the need to over-collateralize carbon projects,” said Charlie Moore, head of carbon and sustainability solutions at Chainlink. Labs. “This will attract new and greater investor participation in space and propel the growth of new climate finance programs.”

Etherisc policies will pay the USDC to cover the cost of replanting trees destroyed by natural disasters and replacing CC02 tokens.

Oracle on carbon pricing

OpenEarth Foundation, in collaboration with UC Berkeley, publishes a Chainlink carbon pricing oracle to provide accurate estimates of the social price of carbon to blockchains.

“We are excited to see OpenEarth leveraging the Chainlink network to help provide greater transparency in carbon pricing in transition planning and financing activities,” said Charlie Moore, Head of Carbon and Sustainability Solutions. from Chainlink Labs. in an OpenEarth blog post. “By using this Carbon Pricing Oracle, powered by Chainlink, organizations are better able to consider all social aspects, energy projects and other factors that impact their social cost of carbon.”

The oracle node is a key part of a web-based carbon pricing tool that OpenEarth is building with UC Berkeley. The tool will help companies set an internal price for their greenhouse gas emissions and implement solutions.

“By developing a Chainlink oracle node, we are able to provide on-chain embedded valuation models that dynamically update to reflect changes such as an organization’s carbon emissions and atmospheric carbon budget. remaining,” said OpenEarth Founder and Executive Director Dr. Martin Wainstein. . “Ultimately, this helps unlock innovative financing and incentive programs for climate solutions that enable organizations to mitigate the impact of climate change by fully internalizing the price of carbon emissions.”

Planet IX joins Chainlink BUILD

Planet IX has joined the BUILD program to accelerate the adoption of its NFT-based strategy game.

“Not only will technical support and improved access to Chainlink Web3 services allow us to create a more advanced game, but being part of the Chainlink ecosystem will also help us grow our community and move the space forward,” said Planet IX co-founder Felix Bengtsson. said in blog post.

Planet IX Web3 The game is set in a post-apocalyptic Earth, where the land has been divided into 1.6 billion plots that can be held as NFTs. The goal is for players to pick up and return these packages. Players can combine packages, develop new technologies, and influence the game itself through in-game corporations.

As part of BUILD, Planet IX will expand its use of Chainlink services, such as VRF, and re-integrate automation. Planet IX will also have improved access to new alpha and beta product releases, as well as technical and community support.

In return, Planet IX will commit a percentage of its total token supply to Chainlink service providers, including stakers.

EMP Money integrates more Chainlink services

BNB Channel DeFi Project EMP Money is integrating more Chainlink services to support its growing decentralized infrastructure.

having integrated Price stream As of May 2022, EMP Money now incorporates VRF to help randomize daily raffles and automation to help distribute NFT reward pools.

“We couldn’t be happier to be part of the Chainlink ecosystem. By leveraging Chainlink Price Feeds, VRF, and Automation, we’ve been able to increase the reliability, transparency, and performance of our protocol,” said AJ Brockman. , founder and team leader of EMP Money. Average position.

According to the post, the integrations enabled EMP Money to accurately price 6,896 NFTs, save 80 engineering hours, and reduce fuel costs for users by over $100,000.

Chainlink’s latest four weekly rallies:

What is Chainlink:

Chainlink is the industry standard for creating, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations to enable feature-rich applications. Chainlink currently secures tens of billions of dollars in DeFi, insurance, gaming and other major industries and provides global enterprises and major data providers with a universal gateway to all blockchains.

Where to find Chainlink:

Website | Twitter | Documents | Community

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