Chainlink Empowers Web3 Innovation with New Solana Program
Chainlink Launches Build on Solana Program
The initiative aims to support Web3 projects building on Solana using Chainlink with expert guidance, technical resources, and ecosystem growth opportunities.
Accelerating Web3 Projects
Chainlink, a leader in onchain finance, recently initiated the Build on Solana program. This startup venture is designed to fast-track the development of the next wave of Web3 applications utilizing the robust capabilities of Chainlink.
Support and Resources for Developers
The program focuses on helping innovative minds leverage the Chainlink technology, including CCIP, CRE, Data Feeds, and SmartData. The Solana Foundation aligns with this initiative, extending support like incentives and infrastructure assistance, which primes projects for efficient scaling on the dynamic Solana blockchain.
A Quote from Leadership
Sheth Sanket, VP of Revenue & Partnerships at Chainlink Labs, shares, "With Build on Solana, we’re solidifying our ties with the Solana ecosystem to empower teams crafting the next-generation onchain services. We're equipping them with the necessary infrastructure, resources, and community connections that allow them to reliably scale with Chainlink and Solana's innovative network.”
Elevating Participating Teams
Teams selected for the program will gain technical mentorship and exposure across Solana's and Chainlink's ecosystems. Moreover, they can amplify community interaction by enabling their tokens to be accessible to Chainlink community members, including LINK stakers, enriching outreach and engagement.
Open Call for Applicants
The startup initiative is designed for both emerging and established teams in DeFi, consumer applications, and other innovative sectors. It seeks teams dedicated to sustainable ecosystem integration, inventive use cases, and comprehensive adoption of the technologies from both Solana and Chainlink.
How to Join the Startup Program
The program will identify promising teams that will benefit from structured guidance provided by Chainlink Labs and the Solana Foundation. Interested parties can apply now, with applications being accepted for the next three months.
Overview of Chainlink
Chainlink stands as the standard for onchain finance, offering verifiable data and cross-chain interoperability unmatched in the industry. It unifies liquidity across global markets, facilitating over $20 trillion in transaction value in the blockchain ecosystem. Major financial institutions and developers, including firms like Swift and prominent DeFi protocols such as Aave and GMX, rely on Chainlink to enable advanced applications across finance and asset management sectors.
Frequently Asked Questions
What is the Build on Solana program?
It is an initiative by Chainlink to support Web3 projects building on Solana, providing resources and mentorship to enhance their development.
Who can apply for the program?
The program is open to both early-stage and established teams focused on DeFi, consumer applications, and similar sectors.
What benefits do participants receive?
Selected teams will receive technical mentorship, market resources, and increased visibility within the blockchain community.
How does the program support project scaling?
The Solana Foundation provides infrastructure support and guidance to ensure teams can scale effectively within the Solana blockchain.
Who operates the program?
The Build on Solana program is a collaboration between Chainlink Labs and the Solana Foundation, focused on fostering innovation in the ecosystem.
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