Chainlink, a leading oracle provider, is partnering with First Labs of Pitango, a fund that manages over $1.8 billion in assets, to organize a web3 summit and hackathon on September 8, 2022, from 10 AM to 5 PM at Reichman University, Herzliya, Israel.
Highlighting Strides made by Web3 Startups
In a press release on August 17, the upcoming summit and hackathon will showcase the efforts made by web3 creators in Israel, revealing the strides made in the past few years.
As a global event that will draw thought leaders, investors, and policymakers from across the globe, it shall be an opportunity to connect initiatives by projects with interested parties.
Chainlink and First Labs will also use the summit and the hackathon to highlight how existing problems can be resolved using crypto solutions forwarded by innovative founders in the Israeli scene leveraging the blockchain.
Crypto solutions, primarily anchored on top smart contracting platforms like Ethereum or the BNB Chain, are revolutionizing processes, especially in finance.
By mid-August 2022, the total value locked (TVL) by DeFi protocols, for instance, exceeded $65 billion, recovering after deep corrections following the crypto market winter.
According to Ayal Itzkoviz, the Managing Partner at Pitango, Web3 solutions will break boundaries adding that their partnership with Chainlink will empower startups Israel to realize their full potential:
We believe that in the coming years, Web3 will break the boundaries of the crypto community and become a dominant modality for data sharing and novel applications used by native Web3 users and legacy “web2” users and organizations. We’re honored to partner with Chainlink Labs, the global leader in connecting real-world data into the blockchain networks, and together to assist the thriving Web3 Israeli ecosystem to realize its full potential.
Chainlink and First Labs are collaborating to Empower Teams and Individuals
Under the terms of this collaboration, blockchain startup communities in Israel will be plugged into Chainlink’s well-developed infrastructure, thereby receiving the necessary technical support for them to expand.
According to David Post, the Managing Director, Corporate Development and Strategy at Chainlink Labs, their support of web3 startups in the country will drive innovation. Specifically, David adds, the summit and hackathon will allow attendees to access “top-tier” mentors and thought leaders.
ພວກເຮົາເຫັນໂອກາດທີ່ຫນ້າຕື່ນເຕັ້ນຫຼາຍສໍາລັບຊຸມຊົນເຕັກໂນໂລຢີຂອງ Israeli ເພື່ອປະກອບສ່ວນເຂົ້າໃນ Web3. ເພື່ອຊ່ວຍຊຸກຍູ້ການປະດິດສ້າງ, ພວກເຮົາຮ່ວມມືກັບ First Labs ໃນ Web3 hackathon ຄັ້ງທໍາອິດທີ່ເຄີຍມີຢູ່ໃນ Tel Aviv, ໂດຍຜູ້ເຂົ້າຮ່ວມສາມາດໄດ້ຮັບການເຂົ້າເຖິງສະເພາະກັບຜູ້ແນະນໍາລະດັບສູງສຸດແລະຜູ້ນໍາດ້ານຄວາມຄິດ. ພວກເຮົາຫວັງວ່າຈະເຫັນສິ່ງທີ່ລະບົບນິເວດການເລີ່ມຕົ້ນຂອງ Israeli ພັດທະນາໂດຍການສະຫນັບສະຫນູນຂອງ Chainlink, ການແກ້ໄຂ oracle ຊັ້ນນໍາຂອງອຸດສາຫະກໍາ.
In making the summit and hackathon a success, Chainlink and First Labs are joining hands with Outlier Ventures, Reichman University Venture, MarketAcross, and several startups based in Israel. Participants will be tasked with forwarding practical solutions to solving complex challenges that propel the development of open source and cross-chain infrastructure.
Developers or teams interested in participating can register ahead of the release of the event’s challenges on August 25. This will be two weeks before the hackathon kicks off.
Source: https://crypto.news/chainlink-and-first-labs-organizing-a-web3-summit-and-hackathon-to-empower-individuals-and-projects/