Chainlink Hires Co-Creator Of Meta’s Diem As Advisor

January 30, 2022 12:45 pm Comments

Chainlink Labs, the company behind the Chainlink network and protocol, recently announced that they had hired Christian Catalini, the co-creator of Meta’s Diem crypto project, as well as Stanford cryptographer Dan Boneh.

Excluding stable coins, Chainlink is one of the top 20 blockchain networks in the world now by market cap and currently has a total market cap of $7.6 billion placing it among the ranks of projects like Litecoin and Cosmos.

The objective of the network is to connect real world data with smart contracts on the blockchain so the company has been forming partnerships with prominent data providers like the European telecommunications company Deutsche Telekom.

With well-known experts like Catalini and Boneh getting behind a major crypto firm like Chainlink, the goal is to further advance the expansion of Chainlink’s blockchain protocal.

CoinDesk reports:

Catalini and Boneh will primarily work on the Cross-Chain Interoperability Protocol (CCIP), a new international standard for decentralized inter-blockchain messaging, data, and token movements. With CCIP, users will be able to move tokens and execute smart contracts across different blockchains via the Chainlink Network.

“To ensure that CCIP launches as the most secure cross-chain protocol in the world, we’re bringing on some of the greatest minds in crypto-economics and cryptography to work with us,” said Chainlink co-founder Sergey Nazarov.

Prior to joining Chainlink, Catalini was one of the co-creators and the chief economist of the Diem Association, owned by Meta Platforms (formerly Facebook), which was looking to create a stablecoin. On Wednesday, the Wall Street Journal reported that the Diem Association is selling its technology to Silvergate Capital for $200 million, citing an unnamed person.

As of right now, the Chainlink team is also aggressively hiring and expanding their team which correlates to the overall growth of the industry in the past couple of years.

Just last year, Chainlink had also hired other impressive talent such as the ex-CEO of Google Eric Schmidt who helped successfully launch many of Google’s services.

Based on this history of hiring, it seems Chainlink has been pretty successful in pulling a lot of tech talent from the Web2 space to start working on their Web3 projects.

This creates a positive outlook for crypto projects like Chainlink as their is a extremely high demand from crypto firms for tech talent in order for them to be able to expand the capabilities of their blockchain and stand out from Chainlink’s competitors.

PRnewswire shares:

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain.

Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications.

Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

As long as this trend of impressive traditional tech talent moving into crypto projects like Chainlink continues, investors and holders of the Chainlink project remain optimistic about  long term future growth.

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