Chainlink establishes a strategic reserve fund by purchasing $1M of LINK and leveraging Payment Abstraction for cross-chain payments, with co-founder Sergey Nazarov emphasizing its role in enhancing network security and sustainability.
Chainlink has launched a strategic LINK reserve fund, initially purchasing $1M worth of LINK to support long-term network growth. The reserve will be funded by on-chain service fees and off-chain revenues from major enterprises, utilizing Payment Abstraction to enable cross-chain payments. Co-founder Sergey Nazarov highlighted the initiative’s importance in bolstering network security as LINK trades above $18, up over 10% from the previous day.