The Chainlink Build program, designed to foster innovation and growth within the Chainlink ecosystem, has recently welcomed Web3Shield. As a suite of insurance, privacy, and security protocols, Web3Shield aims to protect and empower everyday web3 users. By joining Chainlink Build, Web3Shield seeks to accelerate its ecosystem’s growth and promote the widespread adoption of on-chain insurance.
Web3Shield’s Mission: Making On-Chain Insurance Accessible
Web3Shield envisions a future where on-chain insurance is an integral part of the web3 experience. To achieve this, they are developing simple, user-friendly products that safeguard cross-chain transactions and tokenized real-world assets. Their goal is to make web3 as secure and accessibe as web2.
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Leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP)
As a member of Chainlink Build, Web3Shield is integrating CCIP to facilitate cross-chain transfers of its native token, SHLD. CCIP, the industry standard for cross-chain digital asset and data transfer, leverages Chainlink’s proven oracle network to ensure the highest level of security. With over $15 trillion in transaction value secured, Chainlink’s oracle network has established a reputation for reliability and trustworthiness.
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A Pivotal Partnership for Web3Shield
Web3Shield’s founder, Ritam Gupta, expressed the significance of joining Chainlink Build: “This partnership marks a pivotal moment for Web3Shield as we strive to reshape the insurance landscape within Web3. Chainlink’s industry-standard services will enhance our ability to deliver seamless and secure insurance products while contributing to the stability and growth of the decentralized ecosystem.”
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Conclusion
The collaboration between Web3Shield and Chainlink Build is a promising step towards making on-chain insurance a reality. By leveraging Chainlink’s infrastructure and expertise, Web3Shield can develop innovative insurance solutions that address the unique needs of web3 users. This partnership has the potential to significantly enhance the security and accessibility of the web3 ecosystem.