Chainlink Unveils 'Build on Solana' to Propel Onchain Project Innovation

Chainlink Launches Build on Solana

Chainlink, recognized as the standard in onchain finance, has recently unveiled a program called 'Build on Solana.' This initiative serves as a startup accelerator designed to expedite the development of next-generation Web3 projects on the Solana blockchain, utilizing the robust Chainlink platform.

The primary goal of this new program is to enhance the growth of projects that not only utilize but are also intricately aligned with Chainlink's offerings. Selected teams will get access to expert mentorship, plentiful technical resources, and greater visibility throughout both the Chainlink and Solana ecosystems. Additionally, projects will have opportunities to leverage Chainlink’s innovative technologies, including Cross-Chain Interoperability Protocol (CCIP), oracles, data feeds, and more.

Chad Sanket, Vice President of Revenue Partnerships at Chainlink Labs, emphasized the commitment to bridging the Chainlink infrastructure with the Solana ecosystem. During his remarks, he stated, "With Build on Solana, we're deepening our collaboration to support teams that are building the next generation of onchain applications. We’re ensuring projects can scale effectively, reliably, and securely with our platform alongside Solana's fast network."

The program is structured to benefit both emerging startups and established firms operating within sectors such as Decentralized Finance (DeFi), consumer applications, and other innovative technology domains. As part of the initiative, selected teams will not only learn to establish a strong market presence but will also have the chance to make native tokens claimable by Chainlink ecosystem members, including eligible LINK stakers, thereby expanding their community reach and engagement.

Prospective participants are encouraged to apply regardless of their current stage, as long as they demonstrate a commitment to the long-term ecosystem alignment and show creativity in integrating Chainlink technologies with Solana.

Applications for 'Build on Solana' are now open, and interested teams have a three-month window to apply. This initiative promises to be an incredible opportunity for those looking to innovate and develop significant onchain applications within the fast-evolving Web3 space.

In conclusion, Chainlink’s commitment to supporting innovative Web3 projects through the Build on Solana program highlights the ongoing evolution of blockchain technology and its potential to revolutionize various sectors. By providing the necessary support and resources, Chainlink is set to empower the next wave of applications that will thrive on the Solana blockchain.

About Chainlink:
Chainlink stands at the forefront of onchain finance, facilitating verifiable data and enhancing cross-chain interoperability. It has unified liquidity across global markets, enabling over $20 trillion in transaction value across the blockchain economy. Esteemed financial institutions and DeFi protocols utilize Chainlink for developing next-generation applications crucial for banking, asset management, and beyond. For more information, visit chain.link.