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Tuesday, July 29, 2025
Heres the Ultimate Goal for Chainlink (LINK), According to Its Creator Sergey Nazarov
Chainlink (LINK) creator Sergey Nazarov details his vision for the future of decentralized oracle networks, and the crypto industry as a whole.
In a new interview with Bankless, Nazarov said the crypto industry is still in its early days.
He points out that Chainlink’s success in bringing real-world data to a decentralized network is just the beginning.
Whether it is an equity token, a utility token, or an NFT token (non-fungible token), I believe that tokens and ownership are just the beginning. Our goal with the Chainlink network is to level everything up. And we are very proud to have made a huge impact in DeFi (decentralized finance) insurance, anti-fraud gaming, carbon credit markets, etc. Places.
Nazarov says his ultimate vision for Chainlink and the industry is to provide an open-source decentralized foundation that gives people and businesses software-based trust without the need for middlemen.
If you look at the percentage of applications running on the oracle network and the percentage that are running on-chain, those percentages are starting to become more and more equal. It means that its value is to transfer tokens, transfer messages between chains, transmit data, perform computations, provide randomness, provide identity information in a privacy-preserving manner, etc. I have a very large and growing array of computations that I need to minimize…
Simply put, our goal is to build a truth-supported world by moving every application in the world to a state of least trust. As such, we want to minimize all trust, and the Chainlink network, along with other important infrastructures in the industry, such as Ethereum and various other chains, will provide the infrastructure that will allow that transition. I feel that I am creating
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Featured Image: Shutterstock/Tithi Luadthong
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