Chainlink's Latest Updates: Constellation Hackthon, Staking v0.2 and More

Summary

• Chainlink's upcoming hackathon promises a platform for developers to showcase their talents and win $350K in prizes across various tracks.
• ACryptoS's announced integration with Chainlink to streamline its operations, managing over $2M in Total Value Locked (TVL) through its ACLM vaults.
• With an upgrade on the horizon, Chainlink's staking platform aims to 45 million LINK, reinforcing the security of the ETH/USD Data Feed on Ethereum.
• Sergey Nazarov's vision for a verifiable web highlights Chainlink's role in creating a manipulation-resistant ecosystem, empowering users with transparent decision-making abilities.
• Chainlink's recent partnerships with Gameverse, Postmint, Kreepy Kritters, and PixelSweepers illustrate its commitment to driving innovation in various sectors, including GameFi, Web3, and cross-chain NFT.

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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: 

Constellation Hackathon Unveiled

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 Staking v0.2: A New Horizon for Staking

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.

Sergey Nazarov's Vision for the Verifiable Web

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 Embraces Chainlink Integration

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.

Expanding Ecosystem: New Partnerships and Integrations

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.