Loka Labs, Creator of MarkX, Joins Chainlink BUILD

We’re excited to announce that Loka Labs is officially joining the Chainlink BUILD program. As part of this collaboration, we're focusing initially on revolutionizing the way emojis are licensed and monetized through our platform, MarkX. Our goal is to harness the emotive power of emojis to serve as a universal language, furthering the long-term adoption of NFTs and Web3 gaming. Through our membership of BUILD, we gain enhanced access to industry-leading oracle services, technical support, and greater cryptoeconomic security, in exchange for a commitment to provide network fees and other benefits to the Chainlink community, including stakers.

Our participation in BUILD furthers our integration with Chainlink, with added benefits of priority support from the Chainlink ecosystem, increased access to dApps and users needing MarkX, and stronger incentive alignment between the Chainlink and Loka Labs communities.

We’re confident that through enhanced support, secure off-chain services, and the backing of Chainlink’s vibrant community, we can accelerate awareness of Loka Labs’ cutting-edge software solutions and realize the adoption of a seamless, creator-focused licensing platform in Web3.

Loka Labs: Empowering Emoji Licensing in a Web3-Powered World

Loka Labs is the visionary behind MarkX—a plug-in protocol specifically designed to bring emojis into the forefront of digital asset licensing. MarkX empowers artists, brands, and IP holders, including NFT owners, to monetize their creations through seamless licensing processes that include transparent, automated royalty systems. Although our initial focus is on emojis, our vision extends to other forms of digital merchandise in the future. The platform facilitates a wide range of cross-platform engagements, covering chats, social media, and gaming, expanding creators' reach and revenue potential significantly.

Loka Labs joined BUILD to maximize the benefits of security and reliability that Chainlink’s oracle infrastructure provides. As part of BUILD, Loka Labs will receive key benefits, including access to and integration of secure and reliable price data through Chainlink Price Feeds and access to new Chainlink product alpha and beta releases, among other benefits.

In exchange for these services, Loka Labs will make 5% of its native token supply available to Chainlink service providers, including stakers, over time. This symbiotic relationship aligns with our economic incentives and enables both communities to grow and support each other.

“We’re excited to join Chainlink BUILD to gain enhanced access to industry-standard oracle services, technical support, and a robust cryptoeconomic model needed to scale MarkX, initially focusing on emojis, but with plans for expanding into other types of digital merchandise. We're confident that this will help secure and accelerate our vision, and we warmly welcome the Chainlink community into the Loka Labs ecosystem.”—Sunil Thapa, Co-Founder of Loka Labs.

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 Loka Labs

Loka Labs is an innovative force in the Web3 landscape, with MarkX as its flagship platform. Initially concentrating on emojis, MarkX simplifies digital asset licensing and opens doors for future digital merchandise, aiming to transform how brands and creators operate in the Web3 space.

Create an emoji pack for your community today through MarkX!

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