Altverse Joins Chainlink BUILD Program

Published on: 07.05.2023

Altverse is excited to announce that it’s officially joining the Chainlink BUILD program to supercharge adoption of decentralized identity. As a part of BUILD, they aim to accelerate ecosystem growth and long-term adoption of decentralized identity solutions by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.

Altverse: Bringing Decentralized Digital Identity to Life

Altverse’s mission is to create a holistic decentralized digital identity (DID) solution that gives users ownership over their skills, achievements, and credentials. Altverse accomplishes this through a platform that makes it seamless for different parties (freelancers, contributors, projects, etc.) to transact with each other.

At the base level is Altverse’s digital identity solution: A profile that houses a user’s various credentials and achievements. These can be earned through the Altverse platform by completing quests that verify professional skills, different types of social media interactions, and other data points for creating a more holistic decentralized identity. Completing a quest rewards a user with a soulbound NFT that serves as proof of the aforementioned skill or social media interaction.

Why They Joined Chainlink BUILD

Altverse joined BUILD to maximize the benefits of security and reliability that Chainlink’s Oracle infrastructure provides. As part of BUILD, Altverse will receive key benefits, including integration of Chainlink Automation to help automate custom dynamic NFT experiences for users, Chainlink Verifiable Random Function (VRF) for fair reward distributions and access to new Chainlink product alpha and beta releases, among other benefits.

About Altverse

Altverse is a Web3 infrastructure that enables gaming companies and protocols to assess their users’ decentralized digital identities (DID) by engaging users in customized tasks and establishing credentials. This allows Web3 projects to eliminate fake and bot accounts, fostering genuine community engagement and ultimately enhancing their ecosystem. Altverse has joined the Chainlink BUILD program and was spun-off from Krust Universe, a blockchain subsidiary of Kakao.

About Chainlink

Chainlink is the industry-standard Web3 services platform and 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.

SOURCE:

https://medium.com/@altverseai/altverse-joins-chainlink-build-program-to-supercharge-adoption-of-decentralized-identity-cad4bc0d1d6f

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