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- Chainlink will use its proprietary CCIP technology to enable the cross-chain transfer of Codatta’s XNY token between BNB Chain and the Coinbase Layer-2 platform Base.
- It continues to strengthen its cross-chain infrastructure and recently launched CCIP v1.5 with new security features and support for broader integrations.
Oracle service provider Chainlink has taken another step in powering the AI layer Codatta, in their latest integration. Once again, the platform will use its proprietary Cross-Chain Interoperability Protocol (CCIP) to transfer Codatta’s own 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 the Chainlink Cross-Chain Interoperability Protocol (CCIP) to enable secure transfers of its XNY token across the Base and BNB Chain networks.
The oracle service provider stated that this integration demonstrates the growing role of decentralized infrastructure in supporting AI-driven platforms. The goal behind this integration is to improve cross-chain reliability and data integrity as Codatta expands its on-chain asset ecosystem. Codatta commented on this development:
“We are excited to announce that we have adopted Chainlink CCIP and the Cross-Chain Token (CCT) standard. Through Chainlink, XNY is now natively transferable between Base and BNB Chain, expanding its reach into the multi-chain ecosystem.”
This partnership comes at a time when the XNY token is capturing the market’s attention with a 36% increase in 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 collects and tokenizes valuable on-chain data resources for use in AI and decentralized science applications (DeSci). The Codatta platform is designed to provide a transparent, community-driven system that allows AI developers to access trusted data sets.
On the other hand, Oracle service provider Chainlink continues to lead the tokenization wave. It recently achieved a transaction value of more than $27 trillion, as mentioned in our earlier story.
Facilitating transfers across the bridge
With the growing demand for blockchain technologies, the demand for cross-bridge transfers is also increasing. However, there are only a few trusted platforms in the market today that can easily facilitate such transfers without compromising on technology. The Chainlink blockchain technology is gaining an advantage in this regard.
As reported by CNF, Chainlink’s CCIP has helped establish a Solana-Base bridge for secure cross-chain messaging. The integration allows 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, with improved security features for cross-chain transactions. According to the announcement, CCIP’s multi-layered security architecture is built to prevent the types of vulnerabilities that have led to more than $2 billion in bridge-related exploits in 2022.