Chainlink has introduced the ‘Build on Solana’ initiative to foster the growth of startups.

Chainlink and Solana have collaborated to support the growth of Web3 projects by providing tools, mentorship, and visibility. Chainlink’s real-time data services and use cases for institutions enhance its influence in both the decentralized finance (DeFi) sector and traditional banking. To promote the Solana blockchain’s adoption, Chainlink has launched a new initiative named “Build on Solana.” The program provides Web3 startups with a defined route for advancement by utilizing Chainlink’s technology alongside the Solana blockchain’s processing capabilities. Launched in partnership with the Solana Foundation, this initiative is open to both new and established projects. The teams selected for the shortlist will receive technical support, guidance through mentorship, and greater visibility in the markets. Sanket Sheth, the vice president of revenue and partnerships at Chainlink Labs, stated that: Through Build on Solana, we are enhancing our partnership with the Solana ecosystem to assist teams developing the future of on-chain applications. According to Sanket, the infrastructure and ecosystem provided by Chainlink, combined with Solana’s rapid execution capabilities, will benefit the developers we are collaborating with. This effort is included in a broader movement aimed at creating blockchain applications that are both safer and more scalable. It focuses on data feeds, streams, and integration over time. The relationship between Chainlink and Solana is not something recent. In August 2021, Chainlink’s Price Feeds were launched on the Solana Devnet, allowing developers of DeFi applications to obtain real-time market information.