Chainlink's LINK Token Surges as Sergey Nazarov Advocates for Real World Assets at White House Summit
1min read Sergey Nazarov, the co-founder of Chainlink, is a prominent advocate for Real World Assets (RWAs), which refer to tokenized real-world assets that can be traded on blockchain. Nazarov, along with a few other advocates like Chris Giancarlo, a proponent of the Digital Dollar, was spotted on the list of confirmed attendees for the crypto-summit 2025 called by the White House. The total value of rwas is estimated to be over $300 trillion globally, with even larger amounts being traded annually. The main challenges to the frictionless trading of tokenized RWAs include privacy of transactions, liquidity problems, the existence of blockchain islands, and the state of infrastructure for trading, settlement, post-trade custody, and lifecycle management. These challenges can be broadly grouped under interoperability and automation, areas in which Chainlink specializes.
Chainlink creates and runs infrastructure for oracles, which are essential for the functioning of smart contracts. Unlike ancient oracles that claimed to have precognition, digital oracles deal strictly with the past, providing data that smart contracts need to drive ledger state changes. Chainlink was set up as a decentralized oracle powered by the LINK token, which has seen significant price increases since its issuance. Nazarov's vision for Chainlink includes extending the oracle network to control future events through mechanisms that ensure the quality of data being transported.
Nazarov's journey into the blockchain space began with bitcoin mining in 2010 and continued with work on smart contracts on early platforms like NXT. His focus on oracles led to the development of Chainlink, which has since become a decentralized oracle network. Chainlink's Cross Chain Interoperability Protocol (CCIP) allows for the transportation of value and information across different chains and traditional messaging systems, making it a powerful tool for interoperability. The protocol includes an SDK and various libraries that help deploy solutions with basic capabilities such as tokenization, transfer regulation, and reporting.
Chainlink's runtime environment, released in late 2024, is an orchestration environment for interoperability where basic building blocks can be easily composed into custom workflows. This environment takes care of triggering, running, scaling, and operating aspects of the workflow, making it the microservice equivalent of multiple decentralized oracle networks. The next step in Chainlink's development is the creation of build and composition tools like Interactive 
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