news 
Chainlink has officially launched its Chainlink Reserve, marking a significant milestone in the company’s strategy to secure network growth and build long-term value for its native token, LINK. The Reserve will accumulate funds from revenue streams generated by on-chain and enterprise-level off-chain services.
This bold move highlights the confidence in the potential of LINK as it is expected to play a crucial role in the growth of the decentralized oracle network. Chainlink’s innovative Payment Abstraction feature has simplified the payment process for users, allowing them to cover fees using stablecoins or gas tokens. This new development ensures that these payments are instantly swapped into LINK, which will contribute to the Reserve pool.
As reported by CryptoNewsZ, the initial accumulation of funds stands at over $1 million in LINK, a testament to the robustness and versatility of the platform. While many might see this as an opportunity to invest or exit their positions based on the data presented here, Chainlink is far more forward-thinking than that. They are planning for growth and integration with Web3.
Source: www.cryptonewsz.com
