NFT Stars Will Integrate Chainlink VRF to Secure Its Winner Selection Process
NFT Stars, a multi-chain NFT marketplace is delighted to announce the integration of Chainlink Verifiable Random Function (VRF) on Binance Smart Chain. By integrating Chainlink’s industry-leading decentralized oracle network, we can obtain access to the tamper-proof and auditable source of ‘randomness’ needed for the selection of winners in NFT Mania. Ultimately, this will create a more exciting, transparent, and fraud-proof user experience, as users will benefit from having an unbiased chance of being selected as the winner of various NFT quests and draws.
Being part of the NFT Stars project, NFT Mania offers a unique experience for crypto users — the first-ever NFT Quest. By solving a set of riddles, users compete for valuable prizes hidden within ‘treasure chests’. Quests by NFT Mania are fun and participation is free. They are aimed at reminding the crypto community of digital art’s original meaning.
In order to retain absolute transparency and keep the quests fair and seamless for every contestant, we needed access to a secure random number generator (RNG) that any user can independently audit. However, RNG solutions for smart contracts require several security measures to prevent manipulation and ensure system integrity. For instance, RNG solutions using on-chain data (like block hashes) can be exploited by blockchain miners, while off-chain RNG solutions (like traditional data providers) are opaque and don’t provide users with definitive proof about the integrity of the process.
After reviewing various solutions, we selected the Chainlink VRF because it’s based on cutting-edge academic research, supported by Chainlink’s time-tested oracle infrastructure. It is also secured through the generation and on-chain verification of cryptographic proofs that guarantee the integrity of each random number supplied to smart contracts.
Chainlink VRF works by combining block data that is still unknown when the request is made. The oracle node’s pre-committed private key generates both a random number and cryptographic proof. The NFT Stars smart contract will only accept the random number input if it has valid cryptographic proof and the cryptographic proof can only be generated if the VRF process is tamper-proof. This provides our users with automated and verifiable assurance directly on-chain. So NFT Mania is provably fair and cannot be tampered with by the oracle, any outside entities or the NFT Stars team.
Providing a seamless experience for NFT Mania users is a core idea of the NFT Stars team. We will keep expanding the project’s scale while always improving the outcome with Chainlink VRF.
According to Dan Khomenko, CEO of NFT Stars, “Trust is what defines the future of any project. These words are especially true when it comes to the random selection of winners. Thanks to Chainlink VRF, NFT Mania will reach a qualitatively new level of transparency, which will allow us to attract even more participants to the NFT Stars ecosystem of products.”
About Chainlink
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, delivering definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link, subscribe to the Chainlink newsletter and follow @chainlink on Twitter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper.
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About NFT Stars
NFT STARS is a multi-chain NFT marketplace that has accumulated a set of features and products to provide artists, digital art lovers, startup founders and investors with unique opportunities. NFT STARS’ unique offering to artists includes Gas-free NFT minting, the opportunity to create an AR gallery in which to host an exhibition, collaborative NFT creation and an NFT Pricing Scanner. Users coming to the platform can participate in Fractional NFT Trading, platform governance and the selection of artists present in its marketplace. Startups can go through two rounds of Initial NFT Offering, which is a brand-new way to fund ideas.
For more information, follow NFT Stars on social media:
Website: https://nftstars.app
Medium: https://medium.com/nft-stars
Youtube: https://www.youtube.com/channel/UCMncFmQuwDJGIfepDx-hmfw
Twitter: https://twitter.com/nftstars1
Instagram: https://www.instagram.com/nft_stars
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Telegram: https://t.me/NFT_STARS
Weibo: http://weibo.com/nftstars
