Bank of America, which provides services in the field of finance and banking, recently held a meeting with Chainlink co-founder Sergey Nazarov on the investment agenda.
After the meeting, BofA stated in the report that Chainlink finance, insurance, supply chain, gaming and gambling announced that it could accelerate the adoption of next-generation blockchain usage across the country.
Decentralized Oracle network (DON) is rapidly adopted in the ecosystem, as of Feb. 15, DeFi Total Locked Amount Reaching $206 Billion, achieving an annual growth of 313%I. BofA, on the other hand, is Chainlink’s reason behind this growth. you are the driving forceyou expressed.
Last year, DeFi projects developed rapidly and had a large share in the ecosystem. Behind this growth, market prices, weather and GPS location It has been demonstrated that smart contracts are used to access real-world data in a verifiable and secure manner, and these contracts are self-executing and highly secure digital contracts.
As of February 15, the bank will ensure that Chainlink has smart contracts. more than $60 billion announced that it had secured the deposit. The figure at the end of 2020 is It was around $7 billion. Besides all these, BofA, 1,100More than 1,000 projects benefited from Chainlink’s network and Associated Press, AccuWeather, Sportmonks and to monetize the data of companies, including 800 other Leveraging the Oracle network stated.
The report also states that LINK, the native token of the Chainlink ecosystem, 8.1 billion dollars with market value 22. It is said to be ranked.