Fun

Bitcoin․com Joins Chainlink BUILD to Boost Adoption of VERSE Ecosystem dApps

News Feed - 2022-11-25 09:11:03

Bitcoin․com Joins Chainlink BUILD to Boost Adoption of VERSE Ecosystem dApps press release


Bitcoin.com, a digital ecosystem and secure self-custody platform where users can safely and easily interact with cryptocurrencies and digital assets, has joined the Chainlink BUILD programto help accelerate the adoption of VERSE ecosystem dApps and receive increased technical support for Chainlink’s time-tested Web3 services—which include verifiable randomness, decentralized price data, and reliable smart contract automation.


What Is VERSE?


With over 35 million wallets created and more than 5 million active users, Bitcoin.com has played a leading role since 2015 in onboarding millions of newcomers to Bitcoin, cryptocurrency, and the larger Web3 industry. A trusted brand, Bitcoin.com acts as the first touchpoint for newcomers to safely interact with and learn about this paradigm-shifting technology.


Verse is the next step in Bitcoin.com’s mission to establish blockchain as an integral component of society towards the goal of creating more economic freedom in the world. The VERSE token, currently on sale at getverse.comwill provide utility in Bitcoin.com’s ecosystem while also acting as a rewards mechanism to encourage positive actions such as self-custodying assets. VERSE also refers to an ecosystem of decentralized applications (DApps) that will guide millions of people on their journey beyond Bitcoin, including into decentralized finance (DeFi), one of the fastest-growing verticals in Web3 today.


Why We Joined Chainlink BUILD


Bitcoin.com joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides and to help accelerate the adoption of the VERSE ecosystem.


As part of BUILD, Bitcoin.com will receive key benefits, including access to and integration of on-chain price data through Chainlink Price Feeds, a verifiable random number generator through Chainlink VRF, and decentralized smart contract automation through Chainlink Automation. These proven services will act as critical infrastructure for the Bitcoin.com Verse ecosystem. Bitcoin.com will also receive access to new Chainlink product alpha and beta releases and increased technical support, among other benefits.


In exchange for these services, Bitcoin.com will make multiple percentage points of the VERSE token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both the Bitcoin.com and Chainlink communities to support one another.


How Chainlink Services Help Power the VERSE Ecosystem


Built on Ethereum but with a focus on expanding into low-fee EVM chains, Verse’s DApp ecosystem will kick off with the multichain Verse DEXand expand to integrate a range of DApps, some of which will be incubated by the Verse Development Fund.


“We’ve chosen to use Chainlink as our preferred oracle solution across Verse’s DApp ecosystem because the Chainlink Network has proven time and time again that it is the most reliable and secure oracle solution in Web3, “ said Bitcoin.com CEO Dennis Jarvis. “Bitcoin.com is the primary gateway for Web3 newcomers, and leveraging Chainlink services helps ensure they have the best experience possible while navigating the many exciting use cases in decentralized finance.”


“We’re pleased to welcome Bitcoin.com and the VERSE ecosystem into Chainlink BUILD. With the support of Chainlink’s secure and reliable oracle services and increased alignment with the Chainlink ecosystem, VERSE can build next-generation decentralized finance applications that accelerate the pace of Web3 adoption.”—Johann Eid, VP of Go-to-Market at Chainlink Labs.


About Chainlink


Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.


Learn more about Chainlink by visiting chain.linkor reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.


About Bitcoin.com


Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance.


The VERSE token will launch following the conclusion of the Verse token sale, which ends on Nov 30.


 


 


 


  Tags in this story Bitcoin.com, Chainlink, Chainlink BUILD, Verse


  Bitcoin.com


Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. Featuring accessible educational materials, timely and objective news, and intuitive self-custodial products, we make it easy for anyone to buy, spend, trade, invest, earn, and stay up-to-date on cryptocurrency and the future of finance. 10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e EXCHANGES | 2 mins ago Prospects Don’t Look so Hot for Sam Bankman-Fried"s Invitation-Only Crypto Bahamas Event NEWS | 2 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleSouth Korean Crypto Exchanges Delist WEMIX — Token Price Plunges by Nearly 70% Next articleBinance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown More Popular NewsIn Case You Missed ItNFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales


Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% ... read more.Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Survey: Adoption in Argentina Grows, With 12 out of 100 Adults Having Invested in Crypto Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

VanEck Ethereum ETF receives SEC green light
Josh O"Sullivan12 hours agoVanEck Ethereum ETF receives SEC green lightAfter three years of filings, the VanEck Ethereum ETF has received SEC approval, offering investors a regulated way to gain exposure to Ether in the
While Speculators Believe Bitcoin’s Third-Largest Wallet Is a Mystery Whale, Onchain Data Suggests It’s an Exchange
While Speculators Believe Bitcoin"s Third-Largest Wallet Is a Mystery Whale, Onchain Data Suggests It"s an Exchange The price of bitcoin has dipped below the $60K zone, a number of
New York Giants’ Saquon Barkley Plans to Convert Endorsement Revenue to Bitcoin
New York Giants" Saquon Barkley Plans to Convert Endorsement Revenue to Bitcoin Another pro athlete in the National Football League (NFL) is planning to convert
Crypto Analyst Says XRP Community Should Pay Attention To June 4-6, Here’s Why
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Report: Saudi Arabia Exploring Possibility of Implementing Blockchain in Government
Report: Saudi Arabia Exploring Possibility of Implementing Blockchain in Government The Kingdom of Saudi Arabia is looking into the possibility of implementing blockchain technolog
Guarda Wallet Launches Multisignature Functionality for Bitcoin
Guarda Wallet Launches Multisignature Functionality for BitcoinGuarda​ has recently become the first multi-currency crypto wallet to offer support for Multisignature. Multisig
Kenyan Fintech Pezesha Raises $11 Million in Pre-Series a Round Backed by Cardano Blockchain Builder
Kenyan Fintech Pezesha Raises $11 Million in Pre-Series a Round Backed by Cardano Blockchain Builder Pezesha, a Kenyan fintech focused on providing bridging finance to small and me
Bitcoin DeFi ecosystem thrives despite market correction
Zhiyuan Sun4 hours agoBitcoin DeFi ecosystem thrives despite market correctionThe Bitcoin DApp ecosystem has been reinvigorated by the invention of native protocols such as Ordinals and Inscriptions last year.1687 Total
Women in crypto earn 15% more than men: Pantera Capital survey
Brayden Lindrea36 minutes agoWomen in crypto earn 15% more than men: Pantera Capital surveyWomen comprise a larger proportion of mid-level and senior positions compared to entry levels, which are dominated by men, Panter
Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets
Northern Data"s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets On April 4, the bitcoin mining operation Northern Data published its financial stateme
Bitcoin, Ethereum Technical Analysis: BTC, ETH Both Start the Week Around 3-Week Lows
Bitcoin, Ethereum Technical Analysis: BTC, ETH Both Start the Week Around 3-Week Lows Bitcoin and ETH both fell to their lowest level in over three weeks on Monday, as a red wave p
Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report
Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an ex