Chainlink has announced that Landshare is integrating its tokenization infrastructure. This includes CCIP and Automation. The objective is to unlock utility and liquidity for its native token, LAND. This pertains to expansion across Polygon, BNB Chain, and Arbitrum and enables users to transfer the token through Transporter.
The development has been well received by the community, and its effects are evident in their respective token values. LAND is up by 2.78% in the last 24 hours to exchange hands at $2.20. It further reflects a surge of 18.39% in the last 7 days and a decline of 19.03% in the last 30 days. Landshare is potentially aiming to break the $5 mark by the end of the year by continuing its integration with Chainlink.
LINK is also responding well to the development. The token has gained 0.53% in the last 24 hours and 9.98% in the last 7 days. However, it has plunged by 2.82% in a month to reach the current value of $14.33. As per the Chainlink forecast, it will probably also mark an uptick to $20. Mutual growth is, suffice it to say, imminent for LINK and LAND.
Community members called this great news and said they are bullish about the future now. Many members also believe that LAND is a promising gem with the potential to fetch better returns for its holders.
Landshare, an RWA platform, has confirmed the development by reporting the announcement on its X profile. Landshare said it is thrilled to accomplish the final item on its Q1-Q2 roadmap. Landshare has also hinted at the upcoming adventure where users can bridge, burn, and stake to compete for the 2,000 LAND rewards pool.
The development comes after Chainlink announced its partnership with Fidelity International and Sygnum to provide NAV data on-chain. It will specifically be for Fidelity International’s money market fund worth $6.9 billion.
In a recent post, Chainlink demonstrated the adoption of CCIP. It was announced that Morphex has upgraded to Chainlink CCIP to enable cross-chain transfers of its native token (BMX) across two different blockchains, namely Mode Network and Base.
Chainlink’s price feed continues to gain industry recognition. For instance, Moonwell has integrated its price feed to help secure borrowing and lending functionalities across Moonbeam Network, Base, and Moonriver Network. Chainlink is benefiting from its safety-critical infrastructure, which has been specially designed to improve the user experience.
That is one aspect that Landshare has in common. It recently simplified the KYC process for a better user experience. With just a few clicks, users can now mint an NFT containing encrypted credentials on-chain to get whitelisted with just a few clicks. Landshare has expressed its commitment to improving the process further to achieve a smoother UX in the future.
Chainlink and Landshare are now moving forward with their partnership as the community waits for the results that benefit them on a larger level.