Chainlink, a leading company in the field of decentralized computing, has collaborated with Arbitrum, a scaling solution for Ethereum Layer 2. They have launched the beta version of Chainlink Functions on the Arbitrum One mainnet.
Bridging Web2 and Web3: A Leap Forward
Chainlink Functions integration in Arbitrum One mainnet enables developers to connect their smart contracts to APIs, reducing complexity and cost. With seamless connections to Web2 data sources, developers can focus on their core development tasks.
“As an L2, Arbitrum plays an important role in supporting the overall health and sustainability of the Ethereum ecosystem,” said Johann Eid, Chief Business Officer at Chainlink Labs. “Making Functions available for Arbitrum users is about connecting Web2 and Web3 developers and bridging the gap to allow for shared collaboration, growth, and a shared sense of community.”
Chainlink Functions are a powerful decentralized compute runtime that offers significant benefits for Web3 applications. This platform is not only useful for executing off-chain logic but also provides a versatile environment for testing and simulating Web3 applications. For developers who want to take advantage of its potential, Chainlink has provided comprehensive documentation and a Functions Playground for experimentation.
The launch of Chainlink Functions on Arbitrum One’s mainnet is a significant development that promises to accelerate the growth and sustainability of the Ethereum network. This strategic alliance will offer developers more efficient tools, empowering them to innovate and collaborate within the blockchain community.