- World Mobile Token has integrated Chainlink’s CCIP to enable secure cross-chain token exchanges and staking.
- The integration boosts security and allows users to stake on one blockchain and receive rewards on another.
World Mobile Token has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance cross-chain token exchanges and staking. This integration allows interoperability with numerous blockchains, such as Ethereum, BNB Chain, Base, and Arbitrum, making transactions seamless across the platforms.
This collaboration enables World Mobile to provide safe and convenient cross-chain services by relying on the robust security of CCIP. Chainlink has officially confirmed the integration on the X account, underlining the significance of collaboration for both parties.
Blockchain-powered mobile network @wmtoken has integrated Chainlink #CCIP.
Learn more about why, as a DePIN project, World Mobile Token chose the industry-standard cross-chain solution https://t.co/wp78YeI9bV pic.twitter.com/lPShW07fp7
— Chainlink (@chainlink) October 1, 2024
The CCIP of Chainlink offers enhanced messaging that simplifies the cross-chain communication process. This feature allows the World Mobile Token (WMT) network to make staking easy across various blockchains. You can stake tokens on a specific chain and get the rewards on another, which not only increases the network’s usability but also its capabilities.
World Mobile selected CCIP from Chainlink due to its trustworthiness within the Web3 environment. One of the key factors behind the patnership is CCIP’s Risk Management Network, which continually monitors cross-chain activities for potential security threats. Given the risks historically associated with cross-chain operations, this added layer of security is crucial.
CCIP Integration Brings New Features to World Mobile Ecosystem
With the integration of Chainlink’s CCIP, the World Mobile ecosystem will be equipped with the following features. It allows World Mobile to control the token transfer through the audited token pool contract with the CCIP Token Transfer solution. This ensures that tokens are minted, locked, and burned with ease, thus increasing the safety of the transactions.
Moreover, CCIP supports programmable token transfers, which enable developers to work with data in parallel with tokens. This feature enhances the development process and, in turn, enhances the functions of the World Mobile network.
World Mobile’s decision to integrate Chainlink CCIP is also driven by its future-proof capabilities. This protocol has been developed to allow constant updates and add new features based on blockchain technology without making expensive alterations to the system. This makes CCIP a scalable and efficient model for future development.
This integration is in line with World Mobile’s vision of changing the telecom sector using decentralized mobile networks. By focusing on underserved communities, World Mobile aims to provide affordable and high-quality connectivity using blockchain technology and shared economy principles.
World Mobile’s CEO, Micky Watkins, emphasized the importance of CCIP in securing the company’s ecosystem, highlighting that it enables staking across multiple blockchains without compromising security. This development opens new possibilities for expanding the platform’s offerings and enhancing user engagement.
Additionally, World Mobile recently launched its blockchain infrastructure on Base. This launch integrates World Mobile’s communications-focused Layer 3 blockchain, the World Mobile Chain (WMC), with Base’s Ethereum-based Layer 2 blockchain, using Base as its settlement layer. Chainlink’s native token LINK is at $10.7, with a 3% decline in the last 24 hours, with a market capitalization of $6.7 billion.
