Chainlink Labs has unveiled prize winners in six classes, every targeted on fixing a selected activity within the Web3 ecosystem.
In a blog announcement on Dec. 20, the developer of the Chainlink decentralized oracle community stated it had granted the primary $25,000 prize to Unwallet.me, a seedless and gasless multi-chain crypto pockets.
The product leverages the so-called account abstraction mechanism to create seedless wallets, permitting them to connect with completely different blockchain networks in a single area title. Unwallet.me helps cryptocurrencies throughout numerous distributed ledgers, denominated in fiat, with the assistance of Chainlink Worth Feeds oracles.
“Constellation was our greatest, most profitable hackathon to this point, each in phrases of high quality and amount.”
Harry Papacharissiou, developer advocate supervisor at Chainlink Labs.
Within the “DeFi and Funds” class, Chainlink awarded the primary prize of $15,000 to Azurance, an on-chain insurance coverage market, the place builders can construct or use custom-made insurance coverage contracts.
One other $15,000 went to the decentralized cross-chain ETF platform XTF within the “Cross-Chain Options” class for an answer that permits customers to return their exchange-traded fund (ETF) tokens and redeem the precise property saved in these vaults. In whole, Chainlink Labs distributed over $500,000 amongst practically 40 contributors.
The following Constellation hackathon is scheduled for spring 2024, though actual dates haven’t been offered but. Launched in October, Constellation hackathons focus on initiatives that make the most of no less than one Chainlink service “that makes a state change on a blockchain.” It’s essential to notice, nevertheless, as emphasized by Chainlink Labs, that mere knowledge studying from Chainlink Information Feeds doesn’t qualify as a legitimate submission for a Chainlink core prize.