Chainlink oracles to power NFT-based blockchain games on Polyient
Chainlink’s technological abilities are in-demand this year, with its blockchain witnessing improved adoption this year courtesy its scalable smart contracts, oracles, and VRF (verifiable randomness function) features.
NFTs and Chainlink
On June 29, the firm stated Polyient Games, a venture fund and development lab committed solely to non-fungible token-based blockchain games, will utilize Chainlink’s blockchain to power several features of the broader Polyient Games ecosystem.
Chainlink’s VRFs will emphasize on Polyient’s Founder’s Keys (PGFKs), an upcoming membership NFT that will offer lifetime rewards and perks to holders in the Polyient Games Ecosystem. VRFs will be utilized to randomize the distribution of exclusive NFTs and several other rewards for PGFK holders, the release noted.
On choosing Chainlink, Polyient stated the project’s “deep industry expertise” made it perfect to as the firm examines capabilities of and works towards bolstering NFTs for mainstream investors and customers. Polyient’s faith is not unplaced. Earlier this month, Chainlink was identified by the World Economic Forum as one of the top-50 tech pioneers in 2020 for the firm’s work in smart contracts, blockchains, and decentralization.
“Truly random” winnings
The release described Chainlink VRFs will power chance-based rewards for users who “stack” on PGFKs, based on the amount of NFTs held in their particular wallets. For the uninitiated, VRFs are a “truly random” way to determiner rewards, amongst other uses. As CryptoSlate showed last month; imagine a betting service declares the winner of a million-dollar lottery, what proof do ticket holders have about the winner’s connections in the organization?
Or, what if the so-called “winner” is an employee of the company, serving solely as “bait” to attract new customers of lottery tickets. VRF’s can help in the above instance, as the Chainlink blog explains, “Well made systems relying on randomness would ideally want it to be both provably fair/equally uncertain to all contract participants, while also successfully reducing the risk that an adversary could exploit their contract by predicting its outcomes.”
Chainlink VRF signifies a major improvement in the NFT space, as it allows a provably-fair and on-chain verifiable source of randomness, noted Polyient’s release. Advantages involve proper transparency for the minting and distribution of PGFK rewards, an eventual goal of creating an “open, collaborative ecosystem around NFTs.”
In the following weeks, Polyient will examine more uses for Chainlink capabilities, focusing on the games it supports and native products. Meantime, Chainlink’s head of Business Development said in a statement, “We’re excited to empower Polyient Games with secure and reliable oracle solutions to further their mission of expanding the blockchain gaming ecosystem into numerous unseen application designs that are augmented by access to off-chain data.”