Konnect Joins Chainlink BUILD Program to Turbocharge Adoption of End-to-End Ecosystem Membership Program

Konnect
konnect-world
Published in
4 min readFeb 27, 2023

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We’re excited to announce that Konnect has officially joined the Chainlink BUILD program. As a part of BUILD, we aim to accelerate ecosystem growth and long-term adoption of Konnect’s on-chain membership program by gaining enhanced access to Chainlink’s industry-leading oracle services and technical support, as well as incentivizing greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community and service providers, including stakers.

Our participation in BUILD furthers our integration with Chainlink, with the added benefits of priority support from the Chainlink ecosystem, stronger incentive alignment between the Chainlink and Konnect communities, and increased access to oracle services needed within Konnect’s Web3-focused membership program.

We’re confident that through enhanced support, secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Konnect and realize the adoption of a utility-focused membership program that empowers consumers to benefit from an ecosystem made up of thousands of B2B and B2C businesses.

Konnect: An end-to-end Web3 consumer membership program

Konnect’s mission is to build an end-to-end consumer membership and e-commerce program that provides the Konnect community with exclusive membership perks within a growing ecosystem of legacy B2B and B2C businesses, including:

  • HDC Hotels and Resorts — A Hyundai-affiliated 5-star luxury hotel and resort chain that offers refined luxury experiences in the most attractive tourist destinations in South Korea.
  • The Shilla Duty-Free — A Samsung-affiliated chain of duty-free stores in airports across Asia.
  • Inn Company — An entertainment company in Korea that has collaborations with famous actors and K-pop stars

These are just a few examples of the top-tier consumer brands within the Konnect ecosystem. Whether streamlining operations across many B2B and B2C businesses or offering exclusive e-commerce discounts and digital experiences for Konnect consumers, Konnect provides an end-to-end system that bridges legacy, physical product-based businesses with the emerging Web3 ecosystem.

Why We Joined Chainlink BUILD

Konnect joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, Konnect will receive key benefits, including access to and integration of tamper-proof randomness to create verifiably random NFTs in our NFT marketplace. Konnect will also leverage Chainlink to bring secure and reliable data on-chain, as well as decentralized smart contract automation for batch revealing NFT mints within Konnect’s NFT marketplace. Chainlink BUILD also enables Konnect to receive access to new Chainlink product alpha and beta releases, among other benefits.

In exchange for these services, Konnect will make a percentage of its native token supply available to Chainlink service providers, including stakers, over time. These mutually aligned economic incentives enable both communities to support one another.

“We’re excited to join Chainlink BUILD to gain access to industry-standard oracle services and enhanced technical support that empowers us to build a seamless, end-to-end ecosystem that onboards Web3 businesses and consumers to a new world of digital membership and e-commerce. We look forward to continuing our collaboration together and we welcome the passionate Chainlink community into the Konnect ecosystem.” — Jun Seok Kim, CEO of Konnect.

About Chainlink

Chainlink is the industry-standard Web3 services platform and has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Konnect

Konnect is a lifestyle-membership project in which strategic partners across multiple different sectors and industries work together to create the most practical Web3 ecosystem. Konnect’s Alliance can provide direct, real-world benefits to members by bridging the gap between reality and the metaverse via virtual spaces, cryptocurrencies, NFTs, and more. By ʻgamifying’ features to provide not only convenience but also fun, the Konnect platform will drive the paradigm shift into the Web3 world. With products and services that range from shopping, tourism, accommodation and travel, Konnect’s infrastructure is able to handle multiple sectors while providing for both B2C and B2B Markets, domestically and globally.

With the Alliance, Konnect plans to redefine the limitations of the market, as until now it has not been able to escape the outdated multi-level structure and inefficient foreign remittance limitations. Konnect is going to drive the paradigm shift to connect the real-world economy with Web3 technologies and transition the market to a more utility-driven, sustainable model.

Konnect

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Konnect
konnect-world

KONNECT aims to connect a parallel movement between the world’s financial industries and cultures through a one way solution utilizing the blockchain framework.