Chainlink CCIP Powers Cross-Chain Transfers for Wisdomise on Arbitrum and Polygon
- Wisdom, an AI-powered digital asset insight and automated funds platform has integrated the Chainlink CCIP to interlink with the Polygon and Arbitrum blockchains.
- Through CCIP’s Simplified Token Transfer, Wisdomise will now facilitate cross-chain transfers for its native token, WSDM, on other networks.
As interoperability between different blockchains takes centre stage, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is emerging as a key technology. The latest to integrate CCIP is Wisdomise, a platform offering automated crypto funds and digital asset insight that leverages AI.
Wisdomise announced the integration on Wednesday, describing CCIP in its blog post as “the industry standard for secure cross-chain interoperability.”
Chainlink BUILD project @wisdomise has integrated #Chainlink CCIP across @arbitrum and @0xPolygon to enable cross-chain token transfers for WSDM.
Why the AI-enhanced asset management platform selected the cross-chain standard
https://t.co/Qh5iJsf15h
— Chainlink (@chainlink) May 29, 2024
The Swiss company will leverage CCIP’s Simplified Token Transfer to enable cross-chain token transfers for WSDM, its native token. This will allow users on other blockchain networks to interact with its protocol and open up its products to millions of new potential users.
Wisdomise offers its users automated funds powered by AI. Users can set their risk level on its platform and let AI trade for them, with the company’s AI chatbot Athena providing real-time market insights and answering crypto-related questions.
Its token, WSDM, is available on several global exchanges, including KuCoin, Bitget, HTX, Gate.io and MEXC, as well as DeFi platforms like Uniswap.
Chainlink’s CCIP Sets the Standard for Blockchain Interoperability
To support its interoperability quest, Wisdomise needed a “highly secure and reliable interoperability solution.” It settled on Chainlink’s CCIP because of its time-tested reliability and security, anchored on the vast and robust oracle network that has facilitated over $11 trillion in on-chain transactions.
CCIP also offers a plug-and-play solution that eliminates all the complexity that would have been involved, including locking, burning and minting tokens. The transfers are programmable, allowing users to simultaneously conduct data and token transfers in an atomic transaction.
Wisdomise added:
We selected CCIP as our preferred interoperability solution because Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry.
Commenting on the integration, founder and CEO Dr Fardad Zand said his company is excited to partner with such a proven player.
“With level 5 cross-chain security, CCIP helps ensure that WSDM tokens are secure as they move across the multi-chain DeFi ecosystem,” he added.
CCIP has been setting the standard since its debut in August 2021. With its decentralized network of proven node operators, risk management network and large ecosystem support across several blockchains, it’s the gold standard of blockchain interoperability.
CCIP now anchors projects with multi-billion dollar institutions like the American clearing powerhouse DTCC and blockchain industry players like Index Coop, as Crypto News Flash has reported.
Meanwhile, LINK trades at $18.22, shedding 0.7% in the past day amid a red wave in the broader ecosystem, despite a rebound in trading volume to hit $663 million.
