The partnership between South Korea led blockchain network ICON and Chainlink rival BAND has gained momentum recently.
The partnership will enable the developers from ICON to have complete access to the BandChain decentralized oracle network. It will help them utilize various data and price feeds, according to the announcement.
The decentralized applications and the ecosystem created by DeFi will rely on accurate price and feeds of data. The ICON group in South Korea is shaping itself up for the government.
The founder of the ICON Network said the strategic partnership and integration will bring increased scalability and security.
“The strategic partnership and integration with Band Protocol to the ICON Network will bring increased security and scalability to all the decentralized applications built on South Korea’s largest blockchain project,” Min Kim, founder of the ICON Network, said.
The most dominant provider of Oracle is Chinalink. It includes major partnership with Binance, Google Cloud, Matic Network and the 0x Project.
Incidentally, the LINK token has performed the best last year with 325% from $1.80 on January 1st to today’s price of $7.65.
DeFi and staking app Frontier, decentralized gaming platform BetProtocol, and cross-chain interoperability protocol Gravity Hub.
Both tokens were performing well at the time of writing with LINK gaining 6.5% on the day, and BAND notching up an increase of just under 10% over the past 24 hours, Cointelegraph said in its report.
