Chainlink announced a partnership with the Tokyo advisory firm Pacific Meta on October 16. Pacific Meta will use the Cross-Chain Interoperability Protocol, CCIP for short, as its preferred solution for the Japanese financial sector and additionally takes the Automated Compliance Engine, ACE for short, into its partner offering. The price acknowledged the news with nothing: Chainlink traded at $11.76 on Sunday afternoon, 2.06 percent below the previous day.
That discrepancy is the real subject of this piece. Since the beginning of October, Chainlink has reported integrations, protocol launches and institutional agreements at a weekly rhythm, and the token has lost ground regardless. Further down is a simple calculation showing why that is no contradiction but a question of magnitude.
What Pacific Meta and Chainlink agreed on October 16
Pacific Meta is a consultancy based in Minato-ku, Tokyo, founded on August 10, 2022. Its managing director is Shota Iwasaki. By its own account the firm has supported more than 300 projects in more than 41 countries. This is not its first collaboration with Chainlink Labs: a first cooperation ...
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