⚡ Chainlink $LINK has just officially brought U.S. GDP and inflation data onto 10 blockchains.
On September 1, Chainlink deployed 6 data feeds from the U.S. Bureau of Economic Analysis (BEA), including Real GDP, the PCE index, and final sales, each with the latest version and the quarter-over-quarter change. Supported networks: Arbitrum $ARB , Avalanche $AVAX , Base, Ethereum, ZKsync, and 5 other blockchains.
Why is it noteworthy?
For the first time, official macroeconomic data is being fed directly into smart contracts, paving the way for a GDP prediction market and self-adjusting financial products based on inflation.
In simple terms:
Developers can now use real U.S. figures to build decentralized applications, though it’s not certain it will create additional demand for the LINK token.
#Web3 #CryptoNews
🔗 Source: AMBCrypto
⚠️ Information is for reference only and not investment advice. Do your own research before deciding (DYOR).
On September 1, Chainlink deployed 6 data feeds from the U.S. Bureau of Economic Analysis (BEA), including Real GDP, the PCE index, and final sales, each with the latest version and the quarter-over-quarter change. Supported networks: Arbitrum $ARB , Avalanche $AVAX , Base, Ethereum, ZKsync, and 5 other blockchains.
Why is it noteworthy?
For the first time, official macroeconomic data is being fed directly into smart contracts, paving the way for a GDP prediction market and self-adjusting financial products based on inflation.
In simple terms:
Developers can now use real U.S. figures to build decentralized applications, though it’s not certain it will create additional demand for the LINK token.
#Web3 #CryptoNews
🔗 Source: AMBCrypto
⚠️ Information is for reference only and not investment advice. Do your own research before deciding (DYOR).