Coinbase Cloud to run Chainlink node to advance smart contract connectivity

Coinbase Cloud, the Web3 infrastructure unit of Coinbase, said it would become a Chainlink (LINK) oracle node operator to improve smart contract security.

In a May 18 statement shared with CryptoSlate, Coinbase Cloud said Chainlink plays a significant role in providing real-world data for web3 through decentralized Oracle networks. As many Web3 projects rely on this external data, Coinbase Cloud’s entrance to the space means it would now be a part of the decentralized oracle network powering Chainlink Data Feeds.