Blockchain network Chainlink, which is built on Ethereum, has announced the development of a new platform that would assist developers in connecting web 3.0 to web 2.0 APIs. The new platform will enable highly rapid calculations based on web 2.0 APIs, allowing for greater levels of customization. It is anticipated that this development will make a significant contribution to the adoption of Chainlink, which places a significant emphasis on the field of smart contracts. Just recently, the main team working on the blockchain indicated intentions to go in the direction of artificial intelligence in order to capitalize on use cases that are connected to AI.
Chainlink Web 2.0 Linkage
To put it simply, the altcoin’s firm new Functions platform will make it easier for developers to connect their decentralized apps (dApps) and smart contracts to any web 2.0 APIs. The chief product officer of Chainlink Labs, Kemal El Moujahid, said that the platform would simplify operations on web 2.0 APIs within minutes. In addition to this, it provides developers with assistance in establishing links to Amazon Web Services (AWS) and Meta.
“What this does is offer a big opportunity to develop applications that mix the best of Web 2.0 with smart contracts.”
He said that the inspiration for the concept came from the use of AI in web 2.0 applications. In a similar vein, the new platform provides a working environment for smart contracts and web 2.0 APIs in equal measure. The team is starting with a smaller developer ecosystem, which now consists of a few hundred thousand developers on Chainlink, and they are going for the bigger picture, which is the 30 million developers all over the world.
On the Ethereum Sepolia and Polygon Mumbai testnets, the beta version of Chainlink Functions may now be used in production. The functionality of Chainlink Functions will continue to grow over time, and in the future, they will be deployed across additional chains in response to user demand and input. When Chainlink Functions is released on the mainnet, it will make use of a subscription model similar to how subscriptions are now used for Chainlink Automation and Chainlink VRF. Specifically, customers will pre-fund a contract.