Chainlink (LINK) witnessed a glimmering rise of 3% in the weekly chart, accompanied by a miner increase in the daily chart, earlier today. This surge can be attributed to the network’s latest partnership announcement.
A tweet revealed an exciting collaboration with Pacific Meta, a prominent Japanese Web3 consulting firm. The strategic alliance aims to bolster the adoption of the network services, particularly the Chainlink BUILD program, and drive the growth of Web3 technology in Japan.
The press release shared further insights into the partnership. Pacific Meta, renowned for its comprehensive marketing support for foreign Web3 projects in Japan, will now join forces with Chainlink Labs.
Their joint efforts will unlock opportunities for expanding the Chainlink BUILD program and promoting the use of Chainlink VRF within the Japanese market.
Pacific Meta’s role in driving Web3 adoption in Japan is significant. The firm provides a wide range of services, including strategy development, localization, promotion, and community management for overseas Web3 projects.
They also operate in-house media channels, utilizing platforms such as web media, Twitter, YouTube, Discord, and Instagram, to raise awareness of Web3 projects among Japanese users.
To further fuel adoption, Pacific Meta organizes marketing events, such as educational seminars and workshops, where the network’s team members are welcome to attend and present their expertise.
By collaborating with the network, Pacific Meta aims to empower startups and enterprises in the Japanese market with access to Chainlink’s cutting-edge Web3 services.
They will focus on assisting Web3 gaming studios, leveraging Chainlink VRF’s verifiable randomness for diverse use cases. This partnership is yet another stride towards driving Web3 adoption in Japan, with Pacific Meta leading the charge.
Chainlink (LINK) Price Analysis
According to the latest data from CoinMarketcap, LINK is currently trading at $6.42, showcasing a modest upside ride of approximately 0.09% within the past 24 hours. The weekly chart displays a noteworthy surge of 1.77%, signifying a touch of market volatility.
Drawing attention to LINK’s trading volume, it has observed a notable decline of 2.73% to a staggering $110,540,589. The market capitalization has also experienced a slight decrease of 0.08%.
LINK’s technical analysis suggests a long-term bearish trend, indicating a predicted decrease of $0.0168 within 7 days, reaching $6.40 by June 9th, 2023. In the short term, machine learning predicts a neutral trend for LINK, with a slight possibility of both an increase and a decrease in the next few hours.