The Chainlink team announced via a blog post on Friday that it has issued a grant to the University of Basel’s Center for Innovative Finance. The grant will support a project looking into the utilization of dynamic non-fungible tokens (NFTs) to represent real-world assets, with a specific focus on contractual agreements within centralized finance (CeFi) and decentralized finance (DeFi), the team added.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by more than 4% over the past 24 hours and is trading at $9.67 at press time.