DotaMind to Run a Chainlink Node to Publish Signed Esports Data to Smart Contracts
We are proud to announce that DotaMind, a premium data provider for prediction and analytics on Dota 2 league matches, will be launching our own Chainlink oracle node, enabling us to cryptographically sign all of our API data on the blockchain (on-chain) and publish it directly to smart contracts. This generates a definitive proof on-chain that any smart contract consuming data from our Chainlink node is getting their data directly from our API.
By integrating with Chainlink’s widely adopted oracle middleware, which is already securing billions of dollars in-production, our Chainlink node can sign and directly broadcast our Dota2 data across numerous blockchains simultaneously, expanding the addressable market our data feeds can service. As such, developers across a multitude of blockchain ecosystems will have full access to all of our APIs, enabling them to build peer-to-peer, decentralized applications based solely around Esports and Dota2.
Expanding the Crypto-Derivatives Market Through Reliable Data
DotaMind is a comprehensive data platform for the Dota2 community, powered by GamesMind’s advanced artificial intelligence technology. The Dota2 ecosystem generates a large amount of data that we process to generate refined statistics for users. Through our platform’s APIs, we provide data regarding pre-game insights for role prediction, in-game predictions on win probability, real-time data feed broadcasting, and historical datasets on the results of previous Dota2 league matches.
As the smart contract economy and decentralized finance (DeFi) ecosystem evolves to include gaming and Esports, it’s critical that these new applications have access to high-quality data specific to those industries. With DOTA being one of the most popular Multiplayer Online Battle Arena (MOBA) video games in the world, we see great opportunity in running a Chainlink node to make our data widely available on-chain. By doing so we can facilitate the development of next-generation products for the Dota2 ecosystem, such as prediction markets on player performance, financial derivatives on match results, trading marketplaces for Dota-based Non-Fungible Tokens (NFTs), and much more.
Since smart contracts cannot natively make API calls to external systems, we required a blockchain oracle to bridge the gap between blockchain smart contracts and our off-chain APIs. Oracles are middleware that retrieve external data on behalf of the smart contract, attest to its accuracy (through digital signatures), aggregate it (when using multiple sources/nodes), and broadcast it onto the blockchain so smart contracts can use the data in their execution. Oracles are critical to connecting the vast and already flourishing data and API economy in the off-chain world to the rapidly growing ecosystem of blockchain networks.
Seeing its rapid adoption as the most widely used oracle solution in the market, we recognized the Chainlink Network as presenting the best opportunity to monetize our data for the smart contract economy. Some of the key features available to us as a node on the Chainlink Network, which we did not find on other oracle solutions, include:
Signed Data – Chainlink nodes cryptographically sign every piece of data transferred between systems, allowing us to provide definitive on-chain proof that our data came straight from the source.
Sell to Any Blockchain – Chainlink nodes are inherently blockchain-agnostic and thus can be integrated natively into any blockchain, creating a single gateway from which we can sell to all blockchains that exist both now and in the future.
Large Market of Users – the Chainlink Network is the most widely used oracle solution in the blockchain ecosystem with adoption from many leading DeFi players, ensuring our data already has a large accessible market of potential users.
Proven Security – Chainlink is thoroughly audited open-source software that collectively secures billions of dollars in value for live applications, proving its ability to protect and trigger the movement of real value economic value.
We look forward to being a trusted and reliable data provider to the new blockchain applications being developed around Dota2 in the coming years by using our Chainlink node to supply signed data directly to smart contracts across any blockchain ecosystem. We’re confident we can leverage Chainlink to foster and monetize the continued growth of MOBA games market, leading to a global gaming market where users can better monetize their time and gaming assets.
“We are thrilled to launch a Chainlink node so we can provide the smart contract economy with a highly reliable source of Dota2 prediction and analytics data,” said David Zhang, CEO of DotaMind. “Chainlink’s proven oracle technology allows us to both publish our data to any blockchain and enhance the security of that data via its data signing capabilities. This provides us with an easy way to support the unique needs of blockchain applications, allowing us to increase our market as a data provider and seed the wave of growth for Dota2’s ecosystem.”
If you are a smart contract developer and want to start consuming our data feeds within your application, check out our documentation here.
About the Chainlink Network:
The Chainlink Network is the most widely used and secure way to power universal smart contracts. With the Chainlink Network, developers can connect any blockchain with high quality data sources from other blockchains as well as real world data. Managed by a global, decentralized community of hundreds of thousands people, the Chainlink Network is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
DotaMind is a comprehensive data platform for the Dota2 community, powered by GamesMind’s advanced artificial intelligence technology. DotaMind provides pre-game insights for role prediction, in-game predictions on win probability, real-time data feed broadcasting of league matches, and various custom services including intelligent ladder matchmaking for Dota2 players. To learn more, please check out dotamind.com.