Chainlink Expands AI Reach With Codatta Integration Across Base and BNB Chain

Source: CryptoNewsNet Original Title: Chainlink Expands AI Reach With Codatta Integration Across Base and BNB Chain Original Link:

Overview

Oracle services provider Chainlink has made yet another move in powering AI layer Codatta in their latest integration. The platform will be using its native Cross-Chain Interoperability Protocol (CCIP) for transferring Codatta’s native XNY tokens between a certain合规平台’s Layer-2 solution and BNB Chain.

Codatta Integrates Chainlink CCIP for Easy XNY Transfers

Codatta is an AI-focused platform that converts human knowledge into on-chain data assets. It has adopted Chainlink Cross-Chain Interoperability Protocol (CCIP) to allow secure transfers of its XNY token across multiple blockchain networks.

The oracle services provider stated that this integration shows the growing role of decentralized infrastructure to support AI-driven platforms. The goal behind this integration is to enhance cross-chain reliability and data integrity as Codatta expands its on-chain asset ecosystem. Codatta noted:

“We’re excited to announce that we’ve adopted Chainlink CCIP and the Cross-Chain Token (CCT) standard. Via Chainlink, XNY is now natively transferable across multiple networks, expanding its reach into the multi-chain ecosystem”.

This partnership comes at a time when the XNY token is grabbing market attention with 36% upside over the past week. As of the time of reporting, it was trading at $0.005090, with a market cap of $12.73 million.

Codatta is a permissionless marketplace that gathers and tokenizes valuable data resources on-chain for use in AI and decentralized science (DeSci) applications. The Codatta platform is designed to offer a transparent, community-driven system for AI developers to access reliable datasets.

Chainlink’s Cross-Bridge Leadership

Oracle services provider Chainlink remains at the forefront of the tokenization wave. It recently conducted over $27 trillion in transaction value.

With the growing demand for blockchain technologies, the demand for cross-bridge transfers is also rising simultaneously. However, there are only a few trusted platforms currently in the market that can facilitate such transfers easily without compromising on technology. Chainlink blockchain technology is gaining an edge in this space.

Chainlink’s CCIP helped in establishing cross-chain bridges for secure cross-chain messaging. Such integrations allow users to trade assets directly across different blockchain networks.

Chainlink has rolled out version 1.5 of its CCIP protocol, adding enhanced safety features for cross-chain transactions. According to the announcement, CCIP’s multilayered security architecture is built to prevent the kinds of vulnerabilities that led to more than $2 billion in bridge-related exploits in 2022.