- Chainlink has announced SCALE, an economic program designed to accelerate smart contract innovation in the blockchain industry.
- The platform also launched BUILD, another Chainlink Economics 2.0 initiative set to drive the growth of Web3.
Chainlink Labs, the platform behind the development of Chainlink’s oracle network, looks to support further innovation across the blockchain ecosystem via its new feature SCALE.
Every publication Starting this Wednesday on the platform, Chainlink SCALE represents a program designed to facilitate sustainable Chainlink access for Layer 1 and 2 enablement.
“We are pleased to introduce Chainlink SCALE as a way to rapidly accelerate the growth of the blockchain ecosystem while introducing a viable holistic economic model for the long-term success of blockchain, dApps and the Chainlink ecosystem. think.Chainlink co-founder Sergey Nazarov said: press release.
Major blockchain ecosystems participating in this program include Avalanche, Metis, Moonbeam and Moonriver. Chainlink expects to integrate more networks to accelerate Web3’s growth.
Chainlink Economics 2.0
SCALE is one of the programs of the Chainlink Economics 2.0 initiative, which aims to strengthen blockchain and Layer 2 while increasing Chainlink’s own economic sustainability.
Chainlink SCALE helps accelerate smart contract innovation within these blockchain ecosystems. The program covers operational costs such as chainlink oracle transaction gas fees and opens up key oracle services to developers.
This Economics 2.0 initiative aims to accelerate Web3’s growth, similar to BUILD, which the platform announced at SmartCon 2022 on Thursday.
“In BUILD, the project commits to providing network fees and other incentives to Chainlink service providers in exchange for enhanced support from the Chainlink ecosystem.‘ Chainlink tweeted.
1/ #chain link BUILD is a new Economics 2.0 program to accelerate the growth of Web3 projects.
In BUILD, the project commits to providing network fees and other incentives to Chainlink service providers in exchange for enhanced support from the Chainlink ecosystem.https://t.co/uIUNQltMbO
Chainlink (@chainlink) September 28, 2022
SCALE (formerly Blockchain Gas Grant) similarly aims to create additional economic value for Web3 participants, including blockchain, dApps, and Oracle service providers.
The project also aims to bring more service providers such as stakers into the Chainlink ecosystem.