Bitcoin․com Joins Chainlink BUILD to Increase Use of VERSE Ecosystem dApps – Press Release Bitcoin News

by James · November 25, 2022

press release

Bitcoin.com, a digital ecosystem and secure self-storage platform where users can safely and easily interact with cryptocurrencies and digital assets, has joined Chainlink BUILD program to accelerate the adoption of VERSE ecosystem dApps and receive increased technical support for Chainlink’s time-tested Web3 services – which include controllable randomness, decentralized price dataand 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 bringing millions of newcomers to Bitcoin, cryptocurrency and the greater Web3 industry. A trusted brand, Bitcoin.com serves as the first point of contact 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 financial freedom in the world. The VERSE token, currently on sale at getverse.com will provide utility in the Bitcoin.com ecosystem, while acting as a reward mechanism to encourage positive actions such as self-storage of assets. VERSE also refers to an ecosystem of decentralized applications (DApps) that will lead millions of people on their journey beyond Bitcoin, including into decentralized finance (DeFi), one of the fastest growing verticals in the Web3 today.

Why we joined Chainlink BUILD

Bitcoin.com joined BUILD to maximize the benefits of security and reliability provided by Chainlink’s oracle infrastructure 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 feedsa verifiable random number generator through Chainlink VRFand decentralized smart contract automation throughout Chainlink automation. These proven services will serve 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 several percentage points of the VERSE token supply available to Chainlink service providers, including stakers, over time. These mutually aligned financial incentives enable both the Bitcoin.com and Chainlink communities to support each other.

How Chainlink Services help power the VERSE ecosystem

Built on Ethereum, but with a focus on expanding to low-fee EVM chains, Verse’s DApp ecosystem will launch with the multichain Verse DEX and expand to integrate a variety of DApps, some of which will be incubated by Vers Development Fund.

“We have 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 the 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 as they navigate the many exciting use cases in decentralized finance.”

“We are excited to welcome Bitcoin.com and the VERSE ecosystem into Chainlink BUILD. With the support of Chainlink’s secure and reliable oracle services and increased adaptability to 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 service 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 calculations across all blockchains, providing global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or read the developer documentation at docs.chain.link. To discuss an integration, contact an expert.

About Bitcoin.com

Since 2015, Bitcoin.com has been a global leader in introducing newcomers to crypto. With accessible educational materials, timely and unbiased news and intuitive self-custody products, we make it easy for everyone to buy, use, trade, invest, earn and stay informed about cryptocurrency and the future of finance.

The VERSE token will be launched after the conclusion of the Verse token sale, which ends on November 30.