Chainlink Integration Connects Filecoin to Smart Contract-Enabled Blockchains

The integration will enable connection between Filecoin and Ethereum and other smart contract-enabled blockchains.

AccessTimeIconMar 24, 2021 at 12:00 p.m. UTC
Updated Sep 14, 2021 at 12:31 p.m. UTC

Decentralized storage network Filecoin has integrated with decentralized finance (DeFi) oracle service Chainlink.

  • An announcement Wednesday said the integration would enable connection between Filecoin and Ethereum and other smart contract-enabled blockchains.
  • Developers will now be provided a full Web 3.0 infrastructure thanks to Chainlink oracles for off-chain computation and Filecoin's decentralized data storage.
  • Colin Evran, ecosystem lead at Filecoin developer Protocol Labs, said the integration will automate Filecoin storage functions and make Filecoin's state accessible on other blockchains.
  • Filecoin and Chainlink's tokens are among five that Grayscale Investments offers via new investment trusts, aiming to drawing institutional money to the DeFi space. (Grayscale is a CoinDesk sister company.)

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