WEB3
by BSCN
October 23, 2023
Chainlink continues to assert its influence as a catalyst for innovation and trust in the Oracle space with the launch of the Constellation hackathon, its integration with ACryptoS and more.
Chainlink, a pioneer in the Oracle space, has recently unveiled its much-anticipated Constellation hackathon alongside its several updates. Let’s delve into some of them here today:
Chainlink's recently announced Constellation hackathon. The hackathon scheduled to kick off on November 8, 2023, promises to be a platform where developers of all experience levels can unlock their creative potential.
With an impressive $350K in prizes across diverse tracks, the hackathon aims to foster groundbreaking developments in DeFi, Cross-Chain Solutions, Web3 Gaming, SocialFi Innovation, Web3 and AI, and Tech for Good. Participants can expect robust support, educational resources, and guidance tailored to their skill level, ensuring a conducive environment for learning and growth.
Chainlink has recently announced the imminent launch of the highly anticipated Chainlink Staking v0.2, marking the next significant milestone in its staking journey.
With the upcoming upgrade, the staking platform is set to undergo a transformation, featuring a substantial pool size of 45 million LINK. Anticipated to be unveiled later in Q4, this version represents a strategic move to fortify the security of the ETH/USD Data Feed on Ethereum, building upon the foundation laid by the initial beta version of Chainlink staking, v0.1.
In a thought-provoking keynote at SmartCon 2023, Sergey Nazarov, co-founder of Chainlink Labs, illuminated the transformative power of the platform in enabling a verifiable web. Highlighting the prevalence of manipulation and misinformation plaguing modern society, Nazarov emphasized the pivotal role of Chainlink in fostering a manipulation-resistant ecosystem.
By empowering users with cryptographic truth and verifiable user-controlled systems, Chainlink aims to lay the groundwork for transparent decision-making and proactive participation in an increasingly complex digital landscape.
ACryptoS has integrated Chainlink Automation and Price Feeds across prominent blockchain platforms, including Arbitrum, BNB Chain, Optimism, and Polygon. Leveraging Chainlink's proven infrastructure, ACryptoS aims to streamline the automation of its Uniswap V3 strategies, managing over $2M in Total Value Locked (TVL) through its ACLM vaults.
The integration emphasizes the trust-minimized rebalancing process, eliminating the need for manual intervention and providing users with seamless, reliable operations even in times of network congestion and market volatility.
To strengthen its ecosystem, Chainlink has welcomed prominent names like Gameverse and Postmint into its prestigious BUILD program. By harnessing Chainlink's cutting-edge oracle services and technical support, these entities aims to drive innovation within GameFi projects, Web3 games, and IP-based metaverse experiences.
Additionally, the recent integration of Chainlink CCIP by NFT projects Kreepy Kritters and PixelSweepers signifies a significant stride towards seamless cross-chain NFT transfers, supported by Chainlink's commitment to security and reliability.
As of writing, Chainlink ($LINK) is trading at $10.21, up 34.65% over the last seven days.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article
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