Chainlink announced via X on Friday that Takadao is officially joining the Chainlink Build program. Takadao develops technology that empowers communities to pool funds and mutually insure one another through Shariah-compliant DAOs, eliminating the need for a traditional insurance company.
As a part of Build, Takadao aims to accelerate ecosystem growth and long-term adoption of community-owned insurance alternatives by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support and incentivizing greater cryptoeconomic security. In return, Takadao will make 4% of its total native token supply available to Chainlink service providers, including stakers.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 6% over the past 24 hours and is trading at $10.89 at press time.