Banger Games has some exciting news: we will be using Chainlink as our oracle solution, initially to provide randomness verification for game rewards.
Chainlink is a decentralized oracle network that enables smart contracts to access external data and systems from outside the blockchain. Chainlink connects blockchains and the outside world in a secure and reliable manner, as well as performs secure and verifiable off-chain computations on behalf of smart contracts.
In our case, Chainlink’s verifiable random function (VRF) will generate and deliver cryptographically secure randomness to our blockchain-based gaming platform to enable our user reward system.
Banger Games is a Play2Earn gaming ecosystem that works as a monetisation tool for gamers, creators, and businesses, allowing them to white label automated SMART tournaments and mint NFTs to create a transparent and decentralised economy. (for more information, see this article).
Integrating Chainlink’s decentralized protocol is essential to our reward system, particularly to operate publisher giveaways, reward top users, and to utilise the random box generator on our platform. We needed to integrate Chainlink’s industry-leading randomness generation protocol to ensure trust and transparency for all our users.
Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compiance, and pirvacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.
Many of the world's largest financial services institutions have also adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, and top protocols such as Aave, GMX, Lido, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
