LINK Surges Following CCIP Launch; Drive-to-Earn App Intrigues Venture Capital

Daily Hot Token  — Chainlink (LINK) 



Tech stocks whipsawed as the earnings from Tesla and Netflix disappointed the market. The broader cryptocurrency has been range-bound, with Bitcoin clinging to $30k. The top mover for today is LINK, which surged 17.7% in the past 24 hours following the release of the Chainlink Cross-Chain Interoperability Protocol (CCIP).





LINK is the native token of Chainlink, a cross-chain Oracle provider. The recent outperformance comes as Chainlink releases Cross-Chain Interoperability Protocol, a groundbreaking creation that helps cross-chain DeFi protocols convey messages among chains they host in a safe and gas-efficient manner. With CCIP, Chainlink not only addresses the need to connect data in real-world to blockchains but the data transfer among the blockchains. The innovative launch is expected to cement Chainlink’s leading position in the oracle service. 



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Talk of the Town





Hamburg-based start-up Natix has launched its Drive& app, which uses a privacy-focused computer vision platform to convert anonymized data from user smartphones into maps that can provide information on road congestion, crowd size, and available parking spaces. The app has logged about 10,000 registered users and reports around 4,000 weekly active users. It aims to create dynamic maps to support smart city and smart mobility applications by scaling the data pool by creating a token economy. The company closed a $3.5m seed round in April, which it is using to pivot towards crypto as a means to kick-start growth.