World Project Chainlink Upgrades $WLD Transfers and DeFi Data

Sam Altman’s World project has made quite an important update, as Cointelegraph reports. The project now uses Chainlink CCIP and Chainlink Data Streams. This World Project Chainlink change makes it easier and faster to move $WLD tokens between blockchains. It also gives trustworthy and real time data for decentralized finance (DeFi) apps on World Chain. Helping developers and users to use the network more easily.

What Is the World Project?

The World project, known as Worldcoin before, is led by Sam Altman, the co-founder of OpenAI. Its main goal is to create a global identity and finance network. The project uses blockchain technology to keep the data safe and private.

It also plans to give the users access to its native token, $WLD. Which can also be used in financial activities all over the world. Also, it builds a decentralized identity system that keeps the privacy of users safe

Chainlink CCIP Makes Cross-Chain Transfers Easy

The project now uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This allows $WLD tokens to move easily between World Chain and Ethereum.

CCIP is basically like a bridge. It sends tokens and information safely between blockchains. This is key because it opens World Chain to Ethereum’s bigger DeFi ecosystem.

Because of this users can now move $WLD tokens to Ethereum based apps. And can join liquidity pools or use other DeFi services. This makes the token more useful and flexible.

Chainlink Data Streams Provide Real-Time DeFi Data

World also added Chainlink Data Streams. These give fast and correct information for DeFi apps.

For example, Data Streams can give price updates in less than a second. This helps smart contracts to make the right decisions. It also lowers the risk of fraud or manipulation.

Basically, Data Streams give World Chain apps the trustworthy information they need to work more smoothly.

Why This Matters for DeFi

This shows a trend in DeFi that different blockchain working together and being trustworthy are becoming more important.

By connecting blockchains, the World project makes it easier for users to access different DeFi platforms. And for developers, it offers a trustworthy system to build new apps.

Also, accurate data helps the investors to feel safer. They can trade, lend or borrow tokens with more confidence.

What’s Next for the World Project

This World Project Chainlink update is a pretty big step for the World project. It shows that the team is serious about building a safe and useful ecosystem.

In the future, the project may work with more blockchain networks. These partnerships could make $WLD tokens even more valuable.

By focusing more on cross chain transfers and real time data, the World project could become a key player in DeFi. It also sets a good example for the other blockchain projects.