WEB3
by BSCN
June 6, 2023
Chainlink, the industry-standard Web3 services platform, continues to make waves in the decentralized application space.
The Chainlink Weekly Round-Up is here! Chainlink continues to revolutionize the world of decentralized applications as the industry-standard Web3 services platform. Chainlink empowers developers to create cutting-edge Web3 applications by seamlessly integrating real-world data and off-chain computation across multiple blockchains. Join us as we dive into the latest updates, integrations, and highlights from the world of Chainlink, where innovation knows no bounds.
In this week’s roundup:
Chainlink Labs celebrated its four-year anniversary on May 30. In terms of network expansion, Chainlink had a monumental year.
Last year, Chainlink partnered with the Ethereum scaling solution, Arbitrum, to automate Dapps on the Arbitrum network. Using Chainlink's oracles, developers can automate their offerings and create protocols using layer-2 solutions.
In addition, Chainlink announced support for staking last September. As part of its Chainlink Economic 2.0 strategy, staking is part of the network's effort to increase Ether's price stability.
Chainlink also announced an NFT price feed in the same month, officially launched in December. According to company reports, the project aims to provide reliable price feeds to NFT markets.
Neutra Finance has joined the Chainlink BUILD Program to accelerate Neutra Finance's ecosystem growth and long-term adoption of Neutra Finance strategy vaults through enhanced access to Chainlink's industry-leading Oracle services, additional technical support, and better crypto-economic incentives.
In exchange, Neutral Finance will provide network fees and other benefits to Chainlink and its service providers, including stakeholder entities.
With BUILD, Neutra Finance will gain a number of benefits, including access to and integration of Chainlink Automation and Chainlink Functions in the future and access to new Chainlink product alpha and beta releases.
“We’re excited to join Chainlink BUILD to gain increased access to industry-standard Web3 services and enhanced technical support while benefiting from a robust crypto-economic model that empowers us to build a user-friendly platform for automated strategy vaults,” Neutra Finance mentioned in a statement.
Web3 consulting firm Pacific Meta has partnered with Chainlink Labs to help drive the adoption of Chainlink services such as Chainlink VRF in Japan and unlock opportunities for expanding the Chainlink BUILD program in the Japanese market.
Pacific Meta provides comprehensive marketing support for overseas Web3 projects in the Japanese market, including strategy development, localization, promotion, and community management.
Pacific Meta will support the Chainlink ecosystem by helping startups and enterprises in the Japanese market access Chainlink’s industry-leading Web3 services.
Tencent Cloud, one of the world's leading cloud companies, has partnered with Chainlink Labs. A key objective of this partnership is to support the growth of the global Web3 ecosystem.
Cloud solutions offered by Tencent Cloud cover a range of segments within Web3, including Tencent Cloud Media Services for decentralized social applications, Real-Time Cloud Rendering for blockchain-based games, etc. With these solutions and Chainlink Web3 services that provide off-chain data and computation, developers can build more secure, reliable, and feature-rich applications.
Through this collaboration, Chainlink BUILD projects will get access to various benefits, including:
“We recognize that secure and scalable infrastructure is critical to the development of the global Web3 ecosystem, which is why we’re glad to collaborate with Chainlink Labs, a developer of Chainlink, the industry-standard oracle network,” said Poshu Yeung, Senior Vice President at Tencent Cloud International.
Gunther's Rich Dog Collection, an NFT project that offers access to the luxurious life of the world's wealthiest dogs, has integrated Chainlink Verifiable Random Function (VRF) on the Ethereum mainnet.
Through integrating the decentralized Oracle network, the project will gain access to a tamper-proof and auditable source of randomness needed to select NFT rarity tiers fairly.
Chainlink is the industry standard for building, accessing, and selling Oracle services that power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. They currently secure tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offer global enterprises and leading data providers a universal gateway to all blockchains.
Where to find Chainlink:
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