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NFTY Labs x Chainlink Integration

NFTY Labs Announces Integration of Chainlink’s VRF Technology into NFT Creation

NFTY Labs, a provider of an open-sourced, community-based NFT toolset, is proud to announce an integration with Chainlink, a leading Oracle provider in the cryptocurrency ecosystem. This will allow NFTY Labs to benefit from Chainlink’s oracle services, such as Chainlink’s Verifiable Randomness Function (VRF).

Introduction to Chainlink VRF — Courtesy of Chainlink Documents

At NFTY Labs, we always strive to push the boundaries of Non-Fungible Token (NFT) use cases. Aside from our ever-expanding lineup of NFT utility and gatekeeping services, we are also discovering new ways of NFT creation itself. To that end, we aim to integrate Chainlink VRF technology into our future NFT minting processes, adding yet another layer of individuality to NFT ownership.

Dynamic Chainlink NFT’s from Consensus 2021 — Courtesy of investrly

Chainlinks Verifiable Randomness Function is a decentralized oracle service from Chainlink that provides smart contracts with a verifiable source of on-chain randomness. By integrating Chainlink’s VRF into the NFT minting process, we can provide a provably fair and unbiased chance for any number of variables to be included during NFT creation. This can include an assortment of predetermined aesthetics, giving each NFT additional rarity beyond the standard art or mint number.

Dynamic NFTs that Respond to Data and Interface with Existing Infrastructure — Courtesy of Chainlink

With the genesis of our new NFT launchpad, NFTY Launch, we are always looking for new ways to stay on the cutting edge of NFT technology. The incorporation of Chainlink’s VRF is one way we’ve found to create more dynamic and unique NFTs. Stay tuned for more specifics on how we intend to use this feature with each of our partners, and what potential random outcomes we have planned for the future.

About NFTY Labs

NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs. NFTY Labs’ goal is to create new applications that offer new utilities for NFTs, and we aim to do this by utilizing a core feature of all NFTs: Ownership.

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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, to deliver 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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NFTY Labs

NFTY Labs

Cross-Chain Infrastructure for NFT Utility and authentication.