- Chainlink has revealed plans for Web3 services.
- Chainlink wants to be the AWS of Web3.
Chainlink has introduced staking plans for its Web3 service platform. The blockchain data service provider wishes to minimize the cost of listing Oracle data and reports on-chain by dividing costs among the members. Chainlink’s target is to become the Amazon Web Services of Web3.
Polygon has the same goal as per the report issued in February 2022, backing its $450M fundraising.
The chainlink model.
Chainlink operates on centralized oracle networks to give safe access to real-world data for Web3 apps. The firm thinks of introducing its staking rewards by the end of this year. The co-founder of Chainlink, Sergey Nazarov publicized the roadmap for the introduction at SmartConn 2022. Nazarov declared that Avalanche, Metis, Moonbeam, and Moonriver are the early members in his firm’s new scale program.
If we go through the announcement, the firms will get premium Chainlink services such as data feeds comparable with staked tokens. The firm also introduced a …