According to a Chainlink blog post from 28 May, the grant will support many small development teams working within the Cosmos ecosystem. The funds can be applied to projects looking to build externally connected decentralized applications on Tendermint-based blockchains using Chainlink oracles.
ChainSafe will create a Cosmos-SDK module that supports Chainlink oracle networks and ensure compatibility with Chainlink’s existing off-chain reporting data sites. Implementing a Chainlink module to the Cosmos-SDK will enable developers to access Chainlink’s Price Feeds, providing both the recent and historical data.
The Cosmos-SDK is a highly flexible, interoperable framework for building blockchains. Integrating Chainlink into the Cosmos ecosystem will enable over 247 applications and over $78 billion in digital assets to gain access to high-quality external data.
“This is a giant step towards providing the Cosmos ecosystem with reliable oracles, empowering new use cases to be realized,” stated Aidan Hyman, the Co-founder and CEO of ChainSafe.
Chainlink’s Community Grants program was created to accelerate the development of companies building universally connected smart contracts and secure oracle networks. By providing funding to ChainSafe, Chainlink aims to expand its ecosystem into Cosmos, the company said in the release.