Shiba Inu (SHIB) Partners With Chainlink (LINK) to Expand Its Ecosystem

The partnership would see the integration of Chainlink's standard for blockchain interoperability as the primary cross-chain infrastructure for Shibarium

Shiba Inu (CRYPTO: SHIB) announced on Thursday a partnership with the decentralized oracle network Chainlink (CRYPTO: LINK) to expand its ecosystem.

The partnership will see Chainlink's standard for blockchain interoperability become the primary cross-chain infrastructure for Shibarium, Shiba Inu's Layer-2 blockchain.

The Cross-Chain Token standard will also make Shiba Inu ecosystem tokens like SHIB, Doge Killer (LEASH), and Bone ShibaSwap (BONE) available across 12 different blockchains.

Shiba Inu's lead developer, Shytoshi Kusama, called the development "huge news" for the ecosystem.

“Expect much more from this partnershib,” Kusama said, in typical Shiba Inu lingo.

This is HUGE news for the #SHIBARMY and $SHIB, $BONE, AND $LEASH. Expect much more from this partnershib! https://t.co/99nRkzdA01

Chainlink is a decentralized oracle network that provides a secure and reliable way to connect smart contracts with external data and events.

The platform's flagship Cross-Chain Interoperability Protocol is built on the Ethereum (CRYPTO: ETH) blockchain and allows developers to build applications that can send tokens and messages across blockchains.

The inclusion of Chainlink's standard could increase the accessibility of Shiba Inu assets, leading to increased demand.

The integration will also unlock more industry-specific use cases for Shibarium, a growing Layer-2 solution.

Earlier this week, Shiba Inu announced the airdrop of its newly launched meme coin Shifu (SHIFU) for its loyal community members.

A significant proportion of the supply will be airdropped to holders of SHIB, BONE, and LEASH.

The price of SHIB has dropped 8.36% in the last 24 hours, while LINK is down 6.40% in the same period, according to Benzinga Pro.