Just as every business now has:
• an Internet strategy
• a mobile strategy
• a cloud strategy
• an AI strategy
Every business will have a
#Web3
strategy.
1/ I recently moved from leading
@Google
’s
#TensorFlow
, the World’s
#1
AI platform, to
#Chainlink
. Just like AI, I believe Web3 is a deeply transformative technology.
I believe Developers will build a better world powered by cryptographic proof. Here’s why🧵
And the wait is over!
#CCIP
is now live on Mainnet Early Access 🚀 This is a huge moment for Web3 interoperability, devs can now mix and match the best of all chains, all secured by Chainlink’s battle hardened infrastructure.
#LinkTheWorld
Huge moment!! Web3 is inevitable… And with Chainlink CCIP being tested as a universal on-chain gateway for the world’s leading banks, adoption is poised to accelerate.
#LinkTheWorld
#CCIP
Chainlink is working with
@swiftcommunity
and more than a dozen major financial institutions on experiments to enable connectivity to and interoperability across public and private blockchains:
These experiments are a significant step forward from the…
With
@transporter_io
, you can seamlessly make high-value cross-chain token transfers, powered by
#Chainlink
CCIP.
For anyone transferring value between chains, security and reliability are the most important considerations. And now you can do so through a slick and beautiful…
We are excited to introduce
@transporter_io
, the next evolution in cross-chain bridging, powered by
#Chainlink
CCIP.
Transporter is your gateway to the multi-chain universe.
Cross chains with confidence:
Very excited to see
@AaveAave
integrating
#Chainlink
Proof of Reserve into their multi-chain lending market deployments!
PoR is a critical primitive for dApps using bridged assets so they can verify the state of reserves on other chains
Truth > trust
1/ Integrating
#Chainlink
Proof of Reserve (PoR) across
@AaveAave
's multi-chain deployments raises the bar of assurance for bridged assets.
PoR feeds automatically monitor cross-chain token reserves to verify the collateralization of bridged assets & help reduce risk for users.
CCIP has been built with the security and scalability to support the world’s largest settlement systems, processing quadrillions of dollars worth of value.
Working with
@The_DTCC
could lay a path for CCIP to help settle unprecedented value, massively expanding Web3.
The Depository Trust & Clearing Corporation, the world’s largest securities settlement system processing $2+ quadrillion annually, is exploring Chainlink
#CCIP
to unlock tokenized asset interoperability.
@The_DTCC
’s Stephen Prosperi on the collaboration:
In Web2, I had the honor of scaling Messenger at Meta &
#TensorFlow
at Google.
I felt a paradigm shift occurring in Web3 and joined
@ChainlinkLabs
.
At
#SmartCon
2022, hear me speak about how
#Chainlink
and smart contracts will transform entire industries.
Ultra low-latency data feeds are critical to securely bring the $1 quadrillion derivative market on-chain and mitigate frontrunning risks for DeFi users. Excited to bring this innovation to market!
#DeFi
derivatives need oracle infrastructure that users can rely on to mitigate risks like frontrunning.
In this post, we introduce an innovative, low-latency pull-based
#Chainlink
oracle solution to help secure on-chain derivatives markets.
What’s the “real-world” impact of Web3?
If you work in Web3, you’ve probably heard this question a few times. Just like any transformative technology, the promise of Web3 is highly appealing, but the trillion-dollar question is: “When will MY life be impacted?”
You don't need proof... until you do.
Although recent events are challenging for our industry, they strongly confirm the need for cryptographic proof. We deserve a world where financial institutions provide proof of solvency to their users.
It's possible. And we're building it.
@ChainlinkP
Smart contracts and dApps will radically change our society for the better. But to unlock full disruption, developers need a standard way to bridge on-chain and off-chain resources. I see Chainlink as this oracle standard and I want to help devs bring this change to the world.
Congratulations to
@Poundtoken
for integrating
@Chainlink
Proof of Reserve (PoR) to help secure the minting of GBPT. Extra kudos for displaying the Chainlink PoR badge on their website to provide more transparency to their users.
#Chainlink
Functions launch is the
#1
story of the week on TC. That’s a nice way to wrap
#ETHDenver
😀 Couldn’t be more proud of the team, and our awesome community. Let’s go!
Our top stories on Twitter this week... 🥁
1. Chainlink's new platform lets
#web3
projects connect to Web 2.0 systems
2. DoJ accuses
#Google
of deleting chats in its antitrust investigation
3.
#VSCO
is growing into a legit social network for photographers
2 years ago, I got to launch Vertex AI with
@googlecloud
at IO2021. Coming full circle, it's so cool to see
#Chainlink
Functions working so well with Vertex AI 😃
Such a powerful combination! Thank you
@deepchenna
2023 has been quite the year for
#chainlink
!
We reached our 3 goals: launching CCIP ☑️, launching Streams ☑️, and launching Functions ☑️, all thanks our incredible partners, our vibrant community, and our hard-working teams.
In 2024, we will build on this foundation and…
Q4 2023 Product Update
@chainlinklabs
Chief Product Officer
@kelmoujahid
covers:
• The latest Chainlink deployments
• What's next for
#Chainlink
oracle services
• The major areas of focus for the network heading into 2024
Dive in ⬇️
A big moment for institutional blockchain adoption 🙌
Swift, in collaboration with Chainlink and over a dozen top financial institutions, demonstrated that Swift infrastructure can be used to facilitate the transfer of tokenized assets across multiple blockchains using CCIP.
In a new results report, Swift,
#Chainlink
, and more than a dozen of the largest financial institutions and market infrastructure providers successfully demonstrated a secure and scalable way to transfer tokenized assets cross-chain using CCIP.
Key results:
• Connected existing…
How Can Blockchains Help AI? [Part 1 of 9]
AI and blockchains are the two most transformative technologies of our times, and I'm lucky to have a unique perspective on both.
Before becoming CPO at
@ChainlinkLabs
, I led
#TensorFlow
at
@Google
(the world's largest AI platform with…
Fantastic to see major institutional bank
@ANZ_AU
demonstrate how
#Chainlink
CCIP can power the cross-chain settlement of tokenized assets 🤝
CCIP is just getting started!
.
@ANZ_AU
, one of the largest institutional banks in Australia, used Chainlink
#CCIP
to successfully demonstrate a cross-chain purchase of tokenized assets with A$DC, an ANZ-issued stablecoin of the Australian Dollar:
This is happening because assets on chain inherently have more utility. Asset holders who successfully tokenize their assets will generate higher yield, attracting more assets, and leaving behind the institutions who ignore this.
Every business will have a Web3 strategy.
#Chainlink
Functions provide a key building block for innovators like
@Telefonica_En
to leverage blockchain technology and offer a superior service to their users. Excited about this partnership ! 🤝
At SmartCon 2022, we shared our vision of
@chainlink
as the industry-standard
#Web3
platform for real-world data connectivity, off-chain computation, and cross-chain interoperability.
This new Q2 update showcases our progress in executing that vision:
We’re a month in the Chainlink Spring 2023 Hackathon, and participation is through the roof 🤯
The excitement, the creativity, the use cases around new tools like
#Chainlink
Functions and new areas like AI, I can’t wait to see what everyone has built!
Oracles are the gateway technology to creating a cryptographically guaranteed world. What is coming is inevitable.
Oracle Neworks have already taken the blockchain industry far beyond tokenization via DeFi.
Chainlink is accelerating trillions of dollars into an on-chain state.
Data streams live on mainnet with GMX, CCIP testing with Swift, the largest banks in the world and deploying with 80 of the leading projects in web3, Automation 2.0 10x more efficient, Functions beta on mainnet, a brand new Developer Hub, 400 people Hacker House, and more…
Q3 2023 Product Update
This week at SmartCon,
@chainlinklabs
Chief Product Officer
@kelmoujahid
showcased the newest
#Chainlink
releases and how Chainlink's decentralized computation platform is laying the foundation for the verifiable web.
Dive in ⬇️
Sharing a few thoughts on how Blockchains can help AI solve some of its most pressing problems, on deepfakes, IP protection, and centralization.
Thank you
@lmoroney
for helping me put these together!
Thank you to the
@chainlinklabs
teams building incredible products and to all the Web3 developers building our future!
If you want to learn more about our vision and roadmap, join me on the
#Chainlink
Discord Thursday, March 23 at 1 PM EST.
#Chainlink
Labs just released its first-ever product update blog, and I’m stoked. I got to work alongside our product managers to help put this update together.
There’s a LOT to be excited about, but here’s the top of my list: 🧵👇
Interoperability is the next evolution of Web3. Letting every developer mix and match the best of all chains with the best of web2 APIs.
#CCIP
is the key to unlocking this new world.
“This is really the moment that I think we unlock web3 interoperability.”
At
@EthCC
,
@chainlinklabs
Chief Product Officer
@kelmoujahid
explained how
#Chainlink
CCIP will usher web3 into the future by creating a standard for cross-chain communication.
This is a very significant upgrade for devs. So now a smart contract can take any question in text format, and use OpenAI Functions to understand which API to call to get the answer. All connected via Chainlink Functions.
Some updates for our devs: new function calling capability in Chat Completions API, new steerable GPT-4 & 3.5 Turbo models, 16k context 3.5 Turbo model and more
But with Web3, and technologies like federated learning or swarm learning, you can train models without having to share your data. Incentive management (e.g.
@oceanprotocol
,
@bittensor_
) provide creative ways to train a model in a decentralized way.
🔵
@BuildOnBase
by
@Coinbase
has integrated Chainlink Data Feeds on testnet and is joining the
#ChainlinkSCALE
program.
#Base
is covering the operating costs of
#Chainlink
services to empower devs, drive ecosystem growth, & support network sustainability.
Smart contracts will be augmented by AI superpowers. dApps have become incredibly valuable by connecting them to Web2 data. This has created the whole field of DeFi with trillions in value transacted. Imagine what happens when dApps are connected to AI via
#Chainlink
oracles.
25/ What I love about platforms is how they put the world’s most powerful tools in the hands of builders. Web3 will change the world.
It’s still early, it’s going to be huge, and it's the right time for builders to get in! 👷♂️❤️
Today at
@Finovate
, we heard a vision of the future of
#AI
and
#tokenisation
in financial innovation.
Swift's Head of Innovation,
@Nick_kerigan
, took to the stage to discuss the huge joint potential of these technologies.
"Imagine a digitally native world where AI and…
#Web3
gives all builders new superpowers: build services that can’t be shut down, that users can trust because they are provably fair, and that let users own their assets and data.
This will bring the stability needed for Web3 to fully onboard TradFi. The Anti Fraud Network is a key design component of
#Chainlink
CCIP. And Chainlink Proof of Reserve will provide extra signals to further enhance the security of the whole network.
With open source GenAI software, anyone will be able to create videos or audio of politicians doing or saying pretty much anything, whether it’s a fake robocall from Joe Biden, or a fake image of Donald Trump getting arrested.
This will create an immense challenge for…
In a world where content creation costs ZERO, where we are flooded with ultra-realistic AI-generated videos, photos, audio, it is crucial to write original content on a publicly available, verifiable, tamper-proof database.
And yes, that's a blockchain.
Otherwise, how do you…
Every business will have a Web3 strategy, just like every business now has a mobile strategy, an AI strategy.
Thank you
@JillMalandrino
for having me on
@Nasdaq
#TradeTalks
!
#Chainlink
Functions is now live on Avalanche Fuji testnet!
@Avax
developers can now securely connect the world's APIs to their smart contracts in minutes.
See how Functions unlocks a new wave of smart contract development on Avalanche ⬇️
AI brings us intelligence at scale. Web3 enables coordination, trust, and value transfer, at scale. There’s really no limit to what can be done by combining them. You could imagine an AI running a decentralized incentive system that drives pretty much any societal behavior.
The first area is smart contract coding. If you’ve tried CoPilot, ChatGPT, or what Google is working on, it’s pretty clear that assisted coding will 100x developers’ productivity.
2/ Until recently, we could only build centralized applications: every service, website, app, had to be centralized.
In this model, a central entity could unilaterally change the rules at any time, shut down its service, or be forced to do so.
@chainlink
functions allow anyone to connect a smart contract to any Web2 API, unlocking a new frontier of Web3 and Web2 integrations
And they are live on the
@avax
Fuji testnet - let’s dive into what you can build 👇
21/ And how do you connect it all? This is where
#Chainlink
comes in.
Chainlink is the piece that connects all Web3. Smart contracts need Web2 data, and need to be connected with each other across chains.
Chainlink is building the standard for this connection layer.
Combining AI + Blockchain can unleash unimaginable value, but we also need to think about the potential risks.
With his new novel, THE ORACLE,
@AriJuels
gives us a wonderful cautionary tale, based on a fascinating premise: what if an unstoppable computer program started paying…
THE ORACLE is a blockchain + AI cautionary tale.
Happily, colleagues with ML expertise (e.g.,
@kelmoujahid
) are thinking seriously about solutions and the positive side of the story, how oracles can contribute to AI safety.
@oraclenovel
#oraclenovel
“Social media lowered the cost for disseminating misinformation or information. AI is lowering the cost for producing it,”
=> We need a solution to lower the cost of verifying it. That’s blockchain.
#Chainlink
Data Feeds are live on Celo mainnet.
@CeloOrg
devs can now build secure, mobile-first DeFi apps with the power of Chainlink's secure, reliable, and low-cost price data feeds.
Explore how Data Feeds unlock a new era of DeFi on Celo ⬇️
4/ Web3 changes all of that, by guaranteeing that services will function as described.
The guarantee comes from smart contracts running the code (the terms of service) and using open-source crypto math to provide proof that nobody is cheating.
AI progress is exponential, not linear. In just 1 year, GPT went from BOTTOM 10% of a simulated bar exam test takers to TOP 10% 🤯Think about what happens next year…
5/ For the first time EVER, developers can build things that CAN’T be shut down, that CAN’T cheat (even if they wanted to), that are accessible globally, and that can move billions of $ of value securely.
7/ What can you build with this?
- Lending platforms that let EVERYONE on earth borrow at FAIR rates.
- Stablecoins that let you send money across borders to your family with virtually NO COMMISSION.
- Exchanges that are PROVEN to hold enough reserves.
We’re firing on all cylinders, and we're just getting started 🚀
Thank you to our incredible hard working Chainlink Labs team, our amazing partners, and our wonderful community who is always behind us ❤️
See you soon Barcelona!
This is a huge deal. Hospitals, for example, can’t share their data. But if you could combine all their data and train a model on it, you could build a model that predicts lung cancer. You could then open-source it, and make it available to everyone.
8/ This revolution is unstoppable. Until now, you had to trust every institution, organization, and app you interact with.
These “Just trust me” promises are good enough… until they’re not. You don’t need proof… until you do.
3/ As a consumer, you could be promised one thing, but have something totally different happen.
- Your trading app could stop working at the worst moment.
- Your funds that you thought were safe could suddenly disappear.
- Your data could be sold without your consent.
Web3 is inevitable.
The question is how soon these building blocks fall into place. That’s why I’m excited to be working on building Chainlink, as the key enabler for all builders in the Web3 space!
Insurance can be rewritten in a fair transparent way. It’s very inspiring to see
#Web3
solve such important problems. Congratulations to the
@Lemonade_Inc
team!
And, that's a wrap!
The Lemonade Crypto Climate Coalition's first pilot was a success, with nearly 7,000 Kenyan farmers enrolling in the world's first blockchain-powered crop protection. 🎉
See the Lemonade Foundation's work in action ⬇️
24/ This is why I moved to build Web3 at
@ChainlinkLabs
. I want to enable developers to bring this disruption to the world. Just like
#TensorFlow
massively democratized AI with now 3M developers.
What's in store for
#Chainlink
in the coming months? Chainlink's CPO
@kelmoujahid
did a Q&A and provided tonnes of insights and updates for the community. A 🧵:
As a smart contract developer, you’ll explore ideas more quickly and build them more securely. Web2 devs (30M vs 100K Web3 devs) will ramp up in a heartbeat. Smart contract auditing, a huge bottleneck, will be 99% automated, making everyone in the industry more productive.
12/ If you could use a social network that can’t sell your data?
If you could use a messaging app that can’t create a backdoor?
If you could read a blog that can’t be censored?
The list goes on and on. People will demand PROOF. They will say
#ProofNotPromises
!
6/ If you’re a dev, this is a new superpower. I remember when I deployed my first smart contract, code that would run indefinitely, nobody (even me) could change it or shut it down. This felt magical, like building my first mobile app in 2010, or generating my first AI painting.
22/ This is the kind of shift that happens once in a lifetime. There will be winners and losers.
Those who figure out how to leverage these new superpowers will create the next empires and change society for the better.
Others will be left behind.
This is an absolute game changer 😮using LLMs recursively to find a solution to an unsolved Math problem. Expecting we will see many more scientific discoveries in 2024!
AI will make Web3 a lot more secure. AI is great at ingesting TB of data and detecting small patterns like fraudulent behavior. Given the hacks that have plagued crypto bridges in 2022, leveraging AI to secure the most vulnerable points is a no-brainer.
“If this happens then do that” is an incredibly powerful abstraction for developers. With
@ZubinPratap
, learn how you can connect any event available via a Web2 API with any smart contract logic you can think of, thanks to
#Chainlink
Functions.
Looking to start building with
#Chainlink
Functions? 🏗️
On May 2, join Chainlink Labs Developer Advocate
@ZubinPratap
to learn how to create a smart contract with Functions that pays out an artist based on their
@Spotify
streams.
Register today:
9/ Once people can access services that are provably fair, they will not go back. Just like how people who stream music won’t go back to buying CDs, or people using Docusign won’t go back to paper contracts.
11/ If you could buy car insurance that has no choice but to pay you automatically, why would you buy one that will leave you in claim department limbo?
If you could play a lottery that can’t be rigged, why would you play one that asks you to “just trust them”?
This is not sci-fi, this model already exists, but it is currently stuck in a Web2 centralized decision-making process, instead of being available to everyone.
This was a lot of fun to work on, thank you
@lmoroney
! Connecting Web3 smart contracts with AI is 🤯🤯🤯and now with
#Chainlink
Functions it’s so easy
#LinkTheWorld
So I built a little demo connecting a Generative AI backend with Web3 along with my old friend
@kelmoujahid
-- and now my twitter is exploding :)
Check it out here:
This is particularly important in fast-growing fields like Web3, where new ideas need to be explored quickly, and onramps for new developers are critical to mass adoption.
15/ It will be the same thing with Web3. Consumers will demand proof that their services are provably fair, and the world will adapt.
Every company will have a Web3 strategy. Just like every company now has a mobile strategy, a cloud strategy, and an AI strategy…
10/ If you could invest your money in an institution that gives you proof that they hold enough reserves, why would you use anything else?
If you can use a trading app that cannot stop you from trading at any time, why would you use anything else?
On the (supposedly) leaked
#Google
AI doc. I've been in many similar discussions when leading
#TensorFlow
. Where is our moat? Should we focus on 1P devs or 3P devs?
Web3 will solve AI’s data collection problem. A huge limitation of AI is the inability to collect datasets from separate parties who don’t want or can’t share their data.
Imagine a trading smart contract that fetches a price prediction from an AI model and trades automatically, balancing the market. Imagine the applications of AI agents (chess, go, starcraft, diplomacy) to gaming.
20/ For financial institutions, it can be proving they hold enough reserves.
For social networks, it will be portable identities that prevent lock-in.
For an insurance product, it’s the payout mechanism that has to be automatic.
For games and lotteries, it will be randomness.
Which is crazy, because millions of people are undiagnosed every year. Solving this problem is one of the true promises of Web3, and one that I’m personally the most excited about.
This will unlock massive benefits for everyone—from individuals to world-leading institutions, including ANZ, BNP Paribas, BNY Mellon, Citi, Clearstream, Euroclear, Lloyds Banking Group, SIX Digital Exchange, and DTCC.
13/ Developers will build this new world. As soon as technology makes it possible, consumers demand it, developers build it, and the world adopts it.
From the moment Napster showed that music could be streamed, it became unstoppable.
18/ Web3 is not a binary thing. It’s a spectrum, with some parts on-chain, and the rest on your Web2 stack. This is how many popular Web3 apps are already built.
14/ But it didn’t kill the music industry. It transformed it.
Streaming just became an integral part of how we consume music. Services like Spotify created better experiences. And nobody can imagine a world without streaming.
23/ And this is just the beginning, we’re barely scratching the surface. Developers have the power to build things that will massively shift the power dynamics.
If you see something around you that should be provably fair, you can now build it.
11 Things you can build with the new
#Chainlink
Functions
1/
@OpenAI
API
Create a smart contract that asks an AI for a daily investment recommendation and then makes that trade.
17/ One of the biggest misconceptions on Web3 is that you have to put everything on-chain. A bit like in the early days of mobile, when the first apps would try to fit a whole website on a tiny screen.