Chainlink VRF to Support NFT Innovation within Polyient Games Ecosystem
We are excited to announce that Polyient Games, the first investment firm focused on non-fungible tokens (NFTs) and blockchain gaming, will be working with Chainlink, the market leader in providing decentralized oracle networks to smart contract applications, to drive innovation around the NFT asset class within the Polyient Games Ecosystem.
To kickstart the collaboration, we will focus on bringing their Chainlink VRF (Verifiable Randomness Function) technology to Polyient Games Founder’s Keys (PGFKs), an upcoming membership NFT that will provide lifetime rewards and perks to holders within the Polyient Games Ecosystem. Chainlink VRF will be used to randomize the distribution of exclusive NFTs and various other rewards for PGFK holders.
Chainlink is a decentralized oracle network that allows smart contracts to connect with data and systems existing outside the blockchain in a highly secure and reliable manner. It has been at the forefront of smart contract innovation for years and was recently recognized by The World Economic Forum (WEF) as one of the top 100 “early to growth-stage”’ Technology Pioneers for 2020.
Chainlink’s deep industry expertise makes it an ideal collaborator for Polyient Games as we set out to bring the NFT asset class to mainstream investors and consumers. Through a combination of our startup investment activities and the unique Polyient Games Ecosystem, powered by PGFKs, our ultimate goal is to establish the necessary infrastructure to scale the high-potential NFT market.
Chainlink VRF Integration Details
For PGFKs, a fundamental feature is the concept of ‘stacking’, which rewards users based on the number of PGFK NFTs they hold in their wallet. These rewards will include reductions on transaction fees within the upcoming Polyient Games Marketplace, early access to new products and partner games, and entrance points into NFT lootbox giveaways. We plan to use Chainlink VRF as the method to facilitate our chance-based rewards for users who stack PGFKs.
Chainlink VRF represents a major advancement in the NFT space, as it enables a provably-fair and on-chain verifiable source of randomness. This has applications across numerous NFT verticals, including blockchain gaming and crypto art.
By leveraging Chainlink VRF, Polyient Games will be able to assure proper transparency for the minting and distribution of our PGFK rewards and enable holders to better engage with our community of blockchain games. Ultimately, we see Chainlink VRF as an important ingredient to further our vision of an open, collaborative ecosystem built around NFTs.
Our excitement to work with Chainlink is perhaps best summarized by Polyient CEO Brad Robertson, “Chainlink VRF adds a substantial functionality to NFTs and we look forward to working with the Chainlink team to further expand the utility of this promising technology and asset class.”
Moving forward, we will continue to explore unique ways to work with the Chainlink team to expand the use cases of Chainlink VRF for Polyient Games products and within the games we support.
“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,” says Daniel Kochis, Head of Chainlink Business Development.
If you are a smart contract developer and want to take advantage of the Chainlink VRF feature, visit their developer documentation, and join the technical discussion on Discord. Learn more by visiting the Chainlink website or following them on Twitter or Reddit.
Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. It is well known for providing highly secure and reliable oracles to large enterprises (Google, Oracle, and SWIFT) and leading smart contract development teams such as Polkadot/Substrate, Synthetix, Loopring, Aave, OpenLaw, Conflux, and many others.
About Polyient Games
Polyient Games is the first investment firm and startup ecosystem wholly dedicated to the non-fungible token (NFT) and blockchain gaming industries. Polyient’s portfolio includes leading NFT startups such as Nonfungible.com, Blockade Games, and Cargo.
The Polyient Games Ecosystem, a unique collaborative environment built around the Polyient Games Marketplace, is set to launch later this year with the sale of Polyient Games Founder’s Keys (PGFKs).
Note: chainlinkecosystem.com does not claim any ownership of this content, all credit to Polyient Games, view official announcement.