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- NaturesGold token has joined Chainlink BUILD program.
- The collaboration is mutually beneficial and will help drive Web3.0 innovations.
In a recent development, NaturesGold Token has officially joined the Chainlink BUILD program in a bid to enhance the expansion of its ecosystem. The integration is also billed to promote the long-term use of its unique asset class which includes tokenized in-ground gold deposits.
Ultimately, NaturesGold is looking to strengthen greater crypto-economic security by leveraging Chainlink’s industry-leading oracle services and technical support.
Amongst the perks of this alliance, the Chainlink community including service providers and stakers stands to enjoy the provision of network fees and other benefits. Precisely, 4% of NaturesGold Token supply will be made accessible to Chainlink service providers, aiding efficient support for both entities.
Before its onboarding on Chainlink BUILD, NaturesGold Token has been an active participant and strong supporter of Chainlink.
Chainlink and Nature’s Vault: a Mutually Beneficial Relationship
Nature’s Vault, the GreenTech protocol behind the NaturesGold Token, believes that the inclusion of the token in the BUILD program provides the benefits of priority support from the Chainlink ecosystem. Also, it gives increased access to Decentralized Applications (DApps) that need tokenized real-world assets and creates a stronger incentive alignment between the Chainlink and NaturesGold Token communities.
NaturesGold Token is a pioneering climate tech platform on a mission to preserve and monetize gold deposits. Introducing tokenized in-ground deposits means that users can acknowledge the monetary value of gold without having it mined physically which would impact the environment. According to Nature’s Vault, “Every NaturesGold Token minted is linked to in-ground gold deposits, quantified by either JORC or NI 43–101 technical reports.”
Becoming a part of BUILD means that NaturesGold Token will enjoy key benefits like access to and integration of Chainlink Proof of Reserve which would help verify gold deposit reports.
Additionally, the token will have access to Chainlink Automation to properly trigger core functions. There would also be access to new Chainlink product alpha and beta releases. Nature’s Vault is positive that this is an opportunity to accelerate the adoption of its token and realize the adoption of tokenized gold deposits as a climate-friendly asset class. This could be achieved by utilizing enhanced support, secure off-chain services, and the backing of Chainlink’s vibrant community.
More Strategic Partnerships for BUILD, LINK Surge by 13.7%
In the past, Chainlink BUILD has inked some other strategic partnerships which have been instrumental in driving innovation.
Last month, Web3.0 trading platform Golteum announced that it entered the Chainlink BUILD program to unlock the full potential of Web3.0 trading. Similar to Nature’s Vault agreement with Chainlink, Golteum gave 4% of its token supply to the Chainlink community to be used as a reward for the stakers and service providers in the ecosystem to ensure a mutually beneficial relationship.
Other collaborations are with multi-asset lending protocol Whitehole Finance, Akron Finance and many others. The inclusion of NaturesGold Token may have excited investors as LINK has surged by about 13.7% in the last 24 hours and is currently trading at $7.20. This fundamental as well as the positive XRP ruling bolsters the thesis of Michaël van de Poppe who predicted LINK may hit $15.
