The Chainlink BUILD program is designed to strengthen the Chainlink Network by fostering promising early-stage startups in Chainlink’s ecosystem. Participants receive benefits such as priority access to technical support and new services from Chainlink in exchange for paying fees that incentivize Chainlink service providers and boost the network’s cryptoeconomic security.
One of the latest projects to join BUILD is Kwil, a protocol for designing, building, and deploying permissionless relational databases. Kwil allows web3 applications to cost-effectively scale by storing large amounts of structured data off-chain while maintaining end-to-end decentralization.
Projects like Truflation, a custom inflation index delivered on-chain via Chainlink, can use Kwil to secure high-volume data in a low-fee environment, while reserving higher-fee blockchain environments for publishing only the precise data required by smart contracts.
In an announcement, Kwil Founder Brennan Lamey said Kwil joined BUILD to expand its use cases and utility across the Chainlink ecosystem, which comprises more than 1,600 projects to date.
“The most exciting thing about joining BUILD is getting to be part of the vibrant community that is Chainlink,” Lamey told Chainlink Today.
He said Kwil’s key innovation and core offering is permissionless structured data storage that allows decentralized applications and protocols to sift through smaller, more granular pieces of data.
“Kwil provides the ability to store and query complex data sets with the efficiency of a centralized database, while providing the permissionless functionality and guarantees of decentralized networks,” he explained.
“By participating in BUILD, Kwil is positioned to enable new kinds of oracles that draw their data from entire communities, rather than select data providers,” Lamey said. “For example, DAOs can be made where individuals who contribute data to oracles are rewarded with tokens. Instead of centralized data brokers selling access to user data without their consent, applications can now create valuable data and sell it through an oracle with the consent of users.”
Ultimately, he believes Kwil will augment Chainlink’s foundational web3 infrastructure by allowing developers to more seamlessly leverage relational databases and social graphs with composability that rivals web2. He expects these tools to drive web3’s broad expansion.
“So many interesting things are happening in the space right now, and Kwil is excited to be with Chainlink at the heart of this deep innovation,” he said. “While web3 used to be almost synonymous with DeFi, we have now seen the industry grow into several new sectors. Decentralized social, science, and gaming are only a few of the many verticals in which Kwil and Chainlink will play a pivotal role in advancing and bringing to market.”
To learn more about Kwil, visit their website, Twitter, Discord, and Medium.
Learn more about Chainlink BUILD and apply here.