NEX has announced a significant partnership with Chainlink's BUILD program, aimed at enhancing its ecosystem through the leveraging of Chainlink's renowned oracle solutions and technical expertise. This collaboration seeks to bolster crypto-economic security measures, ensuring a more robust and reliable network.

Through this partnership, NEX is committed to providing network fees and benefits to the Chainlink community, promoting awareness and adoption of both centralized and decentralized index products. NEX is actively supporting various sectors, including the Crypto 5 index, which targets anti-inflation measures. Future plans include support for Arbitrum and AI, benefiting both DeFi and TradFi users.

The addition of a director from a prominent Italian bank is expected to leverage his network to drive protocol adoption and establish relationships with financial institutions and asset managers. By joining the BUILD program, NEX aims to harness Chainlink's oracle solutions for enhanced safety and reliability. This partnership grants NEX access to Chainlink data feeds and supports interactions among vaults across different blockchains.

In exchange, NEX will allocate 3.5% of its token supply to Chainlink service providers and stakers. Chainlink is a standard in decentralized computing platforms, enhancing the trustable web by facilitating real-time data connectivity, off-chain computation, and cross-chain interoperability for financial entities, startups, and developers. NEX offers support across various verticals, including computing, memecoins, and L2s, making it an attractive option for investors.

This strategic partnership is expected to drive growth and adoption for both NEX and Chainlink, solidifying their positions in the decentralized finance landscape. By combining their expertise and resources, they aim to create a more robust and reliable ecosystem for users.