Chainlink Avoids Major Dump Following New Partnership Deals

Chainlink plunged during the Thursday trading session in what appears to be a sell-off caused by profit-takers. The latest decline appeared as a part of a downside correction that started a day after Chainlink set an all-time high at $8.93. Meanwhile, favorable fundamentals in the form of new strategic partnerships kept the token above crucial support levels. Chainlink (Ticker: LINK) fell hard on Thursday, but it failed to convince traders about a full-fledged downside move. The eighth-largest cryptocurrency by market cap declined by more than 4.5 percent to $8.22 as…

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Tokenize Masterpieces to Disrupt the Art Auction Duopoly

Famed Silicon Valley and crypto investor Tim Draper believes that distributed ledger technology is transforming the art industry. Speaking to Cointelegraph, Draper emphasized the benefits that many of the core utilities of DLT offer to the art sector, such as immutability, transparency, and traceability: “People are going to be able to tokenize their art, and that will make buyers of art more secure in their purchase decision, and make artists happier about knowing where their art is and who owns it.” Fractional ownership disrupts art industry Draper also noted the…

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