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- Chainlink will be using its native CCIP technology to allow the cross-chain transfer of Codatta’s XNY token between BNB Chain and the Coinbase Layer-2 platform Base.
- It continues strengthening its cross-chain infrastructure, recently launching CCIP v1.5 with new safety features and supporting broader integrations.
Oracle services provider Chainlink has made yet another move in powering AI layer Codatta, in their latest integration. Once again, the platform will be using its native Cross-Chain Interoperability Protocol (CCIP) for transferring Codatta’s native XNY tokens between Coinbase Layer-2 platform Base, and the 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 the Base and BNB Chain 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. Speaking on this development, 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 Base and BNB Chain 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 now, it is 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.
On the other hand, oracle services provider Chainlink remains at the forefront of the tokenization wave. It recently conducted over $27 trillion in transaction value, as mentioned in our earlier story.
Facilitating Cross-Bridge Transfers
With the growing demand for blockchain technologies, the demand for cross-bridge transfers is also rising at the same time. However, there are only a few trusted platforms currently in the market that can facilitate such transfers easily without compromising on technology. The Chainlink blockchain technology is gaining an edge in this.
As reported by CNF, Chainlink’s CCIP helped in establishing a Solana-Base bridge for secure cross-chain messaging. The integration will allow users to trade Solana’s SOL and other Solana-based assets directly on Base.
On the other hand, 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.
