1. Chainlink recently announced that Kwil, a protocol for designing, building, and deploying permissionless databases, had joined Chainlink BUILD.
2. This integration will help Kwil accelerate the adoption of its decentralized database system, with access to Chainlink services and beta and alpha releases of new products.
3. Despite LINK’s underperformance, Chainlink registered growth in its NFT ecosystem, with LINK’s total NFT trade count and total NFT trade volume in USD spiking twice in the last seven days.

Chainlink has recently announced the addition of Kwil, a protocol for designing, building, and deploying permissionless databases, to its Chainlink BUILD platform. This integration will significantly benefit Kwil, allowing it to accelerate the adoption of its decentralized database system. Through Chainlink’s community reach and technical support, Kwil will be able to take full advantage of Chainlink services, as well as access beta and alpha versions of new products.

Despite this development, LINK, the native cryptocurrency of Chainlink, has underperformed in the last 24 hours, registering a decline of over 3% in price. At the time of writing, LINK was trading at $5.61 with a market capitalization of over $2.8 billion.

However, this partnership has had a positive effect on Chainlink’s NFT ecosystem. Santiment’s data reveals that LINK’s total NFT trade count and total NFT trade volume in USD spiked twice in the last seven days. This growth can be attributed to the integration of One Plant on 4 January, which is a NFT launchpad and marketplace. The integration allows users to purchase digital collectibles with LINK, thus driving up the demand for the cryptocurrency.

In addition, Chainlink’s NFTs are also available to be purchased on OpenSea, one of the largest NFT marketplaces in the crypto space. This further contributes to the growth of Chainlink’s NFT ecosystem, as it provides users with an easy and secure way to buy and sell digital collectibles. With the addition of Kwil, this trend is expected to continue and even accelerate in the near future.

All in all, Chainlink has made a great move in partnering with Kwil, and it will be interesting to see how this integration helps Chainlink’s NFT ecosystem in the long run.