How Chainlink joining Crypto Climate Coalition DAO can trigger recovery

ambcrypto.com:

Chainlink, known to be a market leader in the blockchain oracle solution, became part of an alliance today which brings real-world implications of crypto into existence. While it has a great impact on the network on a developmental front, Chainlink’s investors might also benefit from this announcement.

The Lemonade Foundation along with major crypto players including Chainlink, Avalanche, and others launched the Lemonade Crypto Climate Coalition as a DAO to provide weather insurance to subsistence farmers and livestock keepers.

Chainlink’s expertise in the field of economic fairness and transparency will allow it to be one of the leaders in the coalition to bring financial inclusion to farmers as well as protect their crops (their only livelihood) from the ruin that climate change brings.

L3C will use Chainlink to power parametric insurance for subsistence farmers across Africa, enabling them to hedge against emerging climate risks. https://t.co/nwJfEciOXO

— Chainlink (@chainlink) March 22, 2022

Commenting on the same Chainlink co-founder Sergey Nazarov said,

“We plan to make the Chainlink team and platform available to L3C in an effort to protect the millions of farmers who depend on what they grow from the devastation of climate change.”

Chainlink’s foray into such projects is what drew investors towards it since the blockchain oracle solution is an entity with nearly no formidable competition in its field. While most other chains build on the prospect of providing a cheaper faster platform for smart contracts, Chainlink brings an entirely different suite of advantages with cross-chain