MetaLineX Integrates Chainlink Price Feeds To Support In-Game Payments and Exchanges

We’re excited to announce that MetaLineX — a comprehensive, fully on-chain Web3 gaming platform built upon the core products of MetaLine — has integrated Chainlink Price Feeds on Arbitrum mainnet. By integrating the industry-leading decentralized computing platform, MetaLineX has access to high-quality, tamper-proof price feeds needed to support in-game payments and exchanges. This will provide our users with stronger assurances that users can easily buy and sell in-game assets and exchange tokens.

Our initial integration involves the use of the following Chainlink Price Feeds: ETH/USD. We chose Chainlink as our preferred oracle solution because its infrastructure is seamless to integrate and time-tested in production. As the most widely adopted price data standard in Web3, Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

MetaLineX is the ultimate destination for fully on-chain gamers and enthusiasts. We offer a comprehensive platform featuring a diverse range of standout games, an AI-powered on-chain data dashboard, a vibrant forum for gamers to exchange thoughts and ideas, and a top-tier, fully on-chain game incubator.

In order to help secure our in-game payments and exchanges, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:

• High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
• Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
• Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
• Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.

The incorporation of Chainlink Price Feeds represents the initial phase of integrating Chainlink’s innovative technology into MetaLineX. As we continue to enhance our core fully on-chain platform, alongside our forthcoming new function module launch on multiple other chains, the Chainlink platform will serve as a vital component in expanding our on-chain presence.

“We firmly believe that the fully on-chain sector is poised for a DeFi summer-like explosion, with MetaLineX and Chainlink being essential platforms within the industry. With Chainlink Price Feeds helping secure our in-game payments and token exchanges, we’re set to rapidly expand the adoption of Web3 gaming.” — Jack, CEO of MetLineX

About MetaLineX

MetaLine-X stands as a pioneering fully -onchain WebGame platform, built upon MetaLine’s core product featuring Layer3+ full-chain foundational technology. This platform provides a comprehensive ecosystem for creators, users, and investors with technical services such as engines, tools, SDKs, and protocols.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $10 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.