Ulti Arena is Integrating Chainlink Price Feeds and Chainlink VRF Within Its NFT Marketplace and Gaming Products
We’re excited to announce that we are integrating Chainlink as the official oracle solution across all our NFT and blockchain gaming products on Binance Smart Chain. The integration will include the following Chainlink decentralized solutions:
- Chainlink Price Feeds in our NFT marketplace launching at the end of September
- Chainlink Price Feeds in our crypto-collectible card game launching Q2/2022 (Beta in Q1/2021)
- Chainlink Verifiable Random Function (VRF) in our Proof-Of-Gaming product at the end of the year
By integrating with the industry-leading decentralized oracle network of Chainlink, we can build more fair, exciting, and transparent gaming experiences for our audience. At Ulti Arena we’re building three products that will make us one of the leaders in the NFT and GameFi industries:
- NFT marketplace for game assets, where buyers and sellers can trade unique 2D/3D assets, music, sound, and UI/HUD elements.
- Proof-of-Gaming, a gaming client allowing players to earn ULTI tokens when playing games such as DOTA2, LOL, CSGO, PUBG, Mobile Legends, and more.
- Our crypto-collectible card game, built in collaboration with Remote Control Productions and Frag Games.
To have an accurate pricing mechanism for our NFT marketplace, our platform requires real-time, tamper-proof price data on-chain, and the most reliable way to access it is through a blockchain oracle. Chainlink Price Feeds is the most time-tested oracle solution for price reference data and already helps secure tens of billions of dollars of value across DeFi and the smart contract economy. With the integration of Chainlink Price Feeds, we will be able to provide users with the ability to list NFT assets at stable prices and then pay in another cryptocurrency via accurate real-time exchange rates.
Our crypto-collectible card game will also have play-to-earn elements in it. Aside from buying and selling cards as NFTs, we will also be implementing ways for players to craft new cards. With mechanisms of price determination happening in the background, the high-quality data sourced from Chainlink decentralized oracle networks will be critical for the secure operation of the game.
Additionally, to help ensure that the token distribution in our Proof-of-Gaming algorithm is transparent and verifiable, we need to access a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation. By integrating Chainlink VRF, we can help establish a fair and manipulation resistant ULTI token distribution to our community.
But why are we making our NFT marketplace for game assets in the first place?
Games are being developed in a centralized way — game studios hire artists, developers, and managers to produce assets, sounds, music, user interfaces, and more. For each game, there are hundreds, if not thousands, of assets being produced. Why should one asset only be used once in only one game? Why shouldn’t players own assets and transfer them between different games? Artists should also be able to track their creations to see in what games they were used and how. All these challenges can be solved by implementing game assets as NFTs.
Our founding team consists of experienced members in both the blockchain space and beyond. CEO Duke Vu is a serial entrepreneur, while CTO Wojciech Harzowski has more than seven years of software development under his belt and over three years of experience building everything from crypto exchanges to custom blockchains.
Ulti Arena is going to be built on Binance Smart Chain, but a multi-chain strategy hasn’t been ruled out for the future. This could result in both Proof-of-Gaming and the NFT marketplace expanding to new networks.
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper. Want to discuss an integration? Talk to an expert.
About Ulti Arena
Ulti Arena is the first NFT Marketplace for Game Assets built on Binance Smart Chain. By implementing NFT — Non-Fungible Tokens, Artists and Developers can easily track their digital assets usage on blockchain. It also creates new ways of earning: NFT’s can be sold as unique pieces of art that can’t be reproduced and there’s only one owner. Buyers can bid on one-of-a-kind game assets, UI or music.
Apart from catering to Game Artists and Developers, Gamers will also find something for themselves. At Ulti Arena, we’re striving to create a thriving community of Game Enthusiasts. An innovative Proof-of-Gaming concept will also provide a consensus mechanism for users to earn ULTI Tokens by just playing games. The longer they play, the more ULTI Tokens will be generated for that particular player.
We’re also launching our own Crypto Collectible Card Game together with FRAG Games and Remote Control Productions.
The #ULTI token will be launched on PancakeSwap on 12th September followed by major CEX launches. Visit Ulti Arena’s Website and Social Media to talk about our project!