Former Google CEO Eric Schmidt becomes Chainlink strategic advisor, LINK rebounds by nearly 30%

The oracle solution Chainlink ushered in great benefits. It was officially announced that former Google CEO Eric Schmidt has joined Chainlink Labs as a strategic consultant. The price of LINK has risen by 28% since 12/6.

Eric Schmidt

Eric Schmidt has worked at Google for nearly two decades, and his experience is as follows:

2001–2011: CEO of Google

2011–2015: Executive Chairman of Google

2015–2017: Executive Chairman of Alphabet Inc.

2017–2020: Technical Advisor of Alphabet Inc.

According to Bloomberg Billionaires Index (BBI), Eric Schmidt estimated net worth of 26.8 billion U.S. dollars, ranking 55th in the world.

Chainlink Labs

ChainLink co-founder Sergey Nazarov stated in the press release: Blockchain network and Chainlink oracles are at a critical turning point in growth and adoption. Eric Schmidt’s experience and insights are invaluable in the field of building a global software platform for the next generation. Yes, we will help developers and institutions usher in a new era of transparency and economic fairness.

With the positive news, Chainlink (LINK) rose by 10.51% in a single day and has risen by 28% since December 6th; however, it is still close to a 60% drop from the historical high of $53.