Bullionix Announces Integration With Chainlink VRF To Power New Minting User Experience
Today we’re excited to announce our planned integration with Chainlink VRF to power the latest upgrade to the distribution platform of our gold-backed NFTs. Chainlink VRF will be used to supply the randomness in a ‘coin flip’ user experience interface that will determine the appearance of special edition Bullionix NFTs, adding a new dimension to the minting process as well as encouraging users to expand their NFT portfolio by collecting whole sets of coins!
This development follows our previous integration of Chainlink’s gold (XAU/USD) price feed into our GoldLink education hub, and is the next step in our mission to supply the NFT space with fun, dynamic collectibles backed by real-world assets. The first feature will include an animation of a coin flip during the minting process of a new NFT, and Chainlink VRF will determine if the coin lands ‘heads’ or ‘tails,’ with special designs attached.
Chainlink VRF, a randomness solution specifically designed for smart contracts, is an ideal technological solution for this feature. Chainlink VRF provides smart contracts with provably fair and easy-to-integrate randomness that cannot be manipulated — even by us, the minting platform developers. Additionally, the results of each random input can be audited by users on-chain to prove that the outcome of their coin flip was fair and unbiased. With Chainlink VRF, Bullionix NFTs are not just secured by real-world value, but also with robust security guarantees regarding the generation of their appearance and the results of their actions.
“Bullionix was already leading the charge with asset-backed NFTs, and this user interface element powered by Chainlink VRF adds a whole new dimension to their product,” said Dan Kochis, Head of Chainlink Business Development. “This is a fun and innovative application of Chainlink VRF that also secures real-world value.”
Creator of Bullionix, Jesse Johnson, added “We are obsessed with creating intuitive and enjoyable experiences throughout the Bullionix minting process. Chainlink VRF is the perfect tool for inserting gamified surprises into our platform while securing results that are as trustworthy as possible.”
Moving forward, we also plan to continue working with Chainlink oracles to push the NFT space forward with dynamic NFTs. Through the combination of external data and NFTs, the sky’s the limit for what can be accomplished with this exciting new class of collectibles!
About Chainlink
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. If you want to schedule a call to discuss the integration more in-depth, reach out here.
Chainlink is an open source blockchain abstraction layer for building and running decentralized oracle networks that give smart contracts on any blockchain access to secure and reliable data inputs and outputs. It provides oracles to leading DeFi applications like Synthetix, Aave, and Kyber Network; numerous blockchains such as Ethereum, Polkadot, and Tezos; as well as large enterprises including Google, Oracle, and SWIFT.
Website | Twitter I Reddit | YouTube | Telegram | Events | GitHub | Price Feeds | DeFi
About Bullionix
Bullionix is a decentralized gold mint where YOU are the goldsmith. You choose the casting mould, you melt down the gold, and you own the resulting digital collectible to display, share, or sell. All powered by Ethereum’s NFT standard and Digix smart gold.
Follow Bullionix on Twitter at @Bullionix_io
Join our community on Discord to be first to know about upcoming releases and connect with fellow goldsmiths.
