Company
Date Published
Author
Chainlink
Word count
1466
Language
English
Hacker News points
None

Summary

Chainlink BUILD is a program introduced as part of Chainlink Economics 2.0, designed to support and accelerate the growth of decentralized applications (dApps) within the Chainlink ecosystem by offering enhanced access to Chainlink services and technical support in exchange for network fees and other incentives. By aligning economic incentives, the program aims to foster mutual success between Chainlink and participating projects, including those in their early stages and established ones. Key participants, such as Space and Time, Truflation, and bitsCrunch, commit a portion of their token supply to the program to drive innovation and ecosystem expansion. Chainlink BUILD offers numerous benefits to participants, including prioritized access to new services, enhanced security, advanced technical support, custom data feeds, and robust monitoring, thereby enabling dApps to maximize the "Chainlink effect," which enhances their adoption and success in the Web3 space. Notably, the program also strengthens oracle networks' cryptoeconomic security and supports a wide range of hybrid smart contract use cases, contributing to the sustainable economic growth of both the Chainlink ecosystem and the projects involved.