FilSwan has announced through an official blog post that it is now a part of the Chainlink BUILD Program. This marks a major milestone as FilSwan gains access to the leading Oracle services of Chainlink to accelerate its cross-chain decentralized storage and computing services. Along with Oracle services, FilSwan now has access to the technical expertise and community support of Chainlink.
In return, FilSwan brings to the table the benefit of network fees and incentives for Chainlink service providers like stakers. This comes as a part of Chainlink Economics 2.0.
The reason for joining the Chainlink BUILD Program is to enhance the security and reliability aspects provided by the Oracle services of Chainlink. Now that FilSwan is a part of its BUILD program, it gains exclusive access to all the alpha and beta releases of the Chainlink product.
FilSwan has committed a portion of its token supply to be used as an incentive that will be made available to stakers and other service providers over time. Charles Cao, the founder of FilSwan, has expressed excitement about joining the BUILD program, highlighting that it will help the platform achieve an expanded storage and computing solution in a decentralized manner.
Charles Cao has also said that the support of Chainlink will help the venture gain a larger number of users. FilSwan will complement all the support with the backend infrastructure that supports the cross-chain blockchain ecosystem. The partnership will also serve the mutual benefit of encouraging sustainable growth through adoption in the long term.
The benefits will later be felt by the entire Web3 sphere, along with FilSwan and Chainlink.
Currently, FilSwan is creating a cross-chain platform that will serve Web3 projects and integrate four components: data, edge computing, bandwidth, and payments. This is then available to all developers, regardless of their size. The integration will span many platforms, including Amazon S3 Filecoin Gateway and IPFS/Filecoin.
This is not the first time Chainlink has benefited FilSwan. It already plays an important role through price feeds on the multichain storage platform by delivering the most accurate market rates. According to the announcement made by FilSwan, it is looking to further expand the partnership by integrating Chainlink Automation.
The goal is to automate DevOps tasks such as setting timers for smart contracts, initiating user distribution, and much more. However, these will apply to LagrangeDAO, FilSwan’s upcoming decentralized computing platform.
FilSwan is a layer-2 cross-chain solution that Binance Labs have incubated specifically to support Web3 projects by integrating data, bandwidth, computing, and payments into a single set.
Chainlink is a Web3 platform that has enabled several Web3 service platforms in the sectors of gaming, insurance, and NFTs, to mention a few. Chainlink helps developers build Web3 applications that are equipped with tons of features for seamless access to real-world data and off-chain computation.