Chirp Joins Chainlink BUILD to Propel Web3 and DePIN Adoption
7/2/24
By:
Mia Richardson
Chirp Joins Chainlink BUILD to Propel Web3 and DePIN Adoption
Chirp Joins Chainlink BUILD Program
Chirp has officially joined the Chainlink BUILD program, aiming to drive the growth of the Web3 ecosystem and the long-term adoption of Decentralized Physical Infrastructure Networks (DePIN). Through this collaboration, Chirp will gain enhanced access to Chainlink’s industry-leading oracle services and technical support. In return, Chirp commits to providing network fees and other benefits to the Chainlink community and service providers, including stakers.
Introducing Chainlink BUILD
Chainlink is the industry-standard decentralized computing platform powering the verifiable web. It has enabled over $12 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, off-chain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.
The Chainlink BUILD program aims to accelerate the growth of early-stage blockchain projects by providing them with technical support, mentorship, and resources they require to scale and innovate. The program has already incubated many successful projects, including real-time data provider Truflation, decentralized exchange Krypton, and RWA tokenization protocol Lendr Network.
Why Chirp is Joining Chainlink BUILD
Chirp is joining Chainlink BUILD to take advantage of the security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, Chirp will receive key benefits, including access to and integration of Chainlink Functions to transfer off-chain DePIN data on-chain. This collaboration will also allow for secure smart contract automation, along with access to new Chainlink product alpha and beta releases, among other benefits.
Economic Incentives and Mutual Growth
In exchange for these services, Chirp will make a percentage of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support each other’s growth.
Creating an Interconnected World
By partnering with one of the most recognized and well-respected names in the crypto industry, Chirp is making an important step toward achieving its core goal of connecting the greatest number of devices with the blockchain. The technical support and mentorship provided by the Chainlink BUILD program will allow Chirp to build a broader, more secure ecosystem quickly. With Chainlink BUILD’s support, Chirp is confident that the future it envisages is just around the corner.
Final Thoughts
Joining the Chainlink BUILD program is a strategic move for Chirp, aligning it with a robust support system and advanced technology infrastructure. This partnership not only enhances Chirp’s capabilities but also contributes to the broader Web3 and DePIN ecosystems. As both communities grow together, the vision of a more interconnected and secure digital world becomes increasingly attainable.
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