Spores Network Will Integrate Chainlink Price Feeds to Price NFTs and Services in its Marketplace
Spores is building with Chainlink
Spores Network is proud to announce an upcoming integration for Spores Network NFT marketplace revolving around the use of Chainlink’s market-leading decentralized oracle network. Spores will use Chainlink Price Feeds to establish accurate and tamper-proof exchange rates on our platform, beginning on the Ethereum chain, but with a planned expansion to other blockchains and layer-2 solutions.
This decentralized price oracle will ensure that NFT assets and services offered in the Spores NFT Marketplace can be priced in ETH yet purchased at current exchange rates using other supported currencies and cryptos. Additionally, other DeFi ecosystem projects of Spores can leverage the oracle to expand its services offering.
Spores Network is a cross-chain DeFi-powered NFT marketplace defining decentralized pop culture. The platform is focused on five NFT content verticals: Gaming, Esports, Animation/Anime, Digital Fine Art, and Celebrities.
We selected Chainlink because it’s the most time-tested and widely used blockchain oracle in the industry, with billions in value secured across DeFi and NFT markets. Chainlink Price Feeds have key features that make them a highly reliable way to price NFT assets and services:
- High-Quality Data — data is sourced from numerous premium data aggregators, leading to volume-adjusted global market prices with robust market coverage.
- Reliable Nodes — price feeds are secured by a decentralized network of independent, security-reviewed, Sybil-resistant oracle nodes run by leading blockchain DevOps teams with a proven history of uptime.
- Decentralized Infrastructure — both the data sourcing and transmission on-chain are decentralized, removing any central point of failure.
- Blockchain Agnostic — Chainlink is blockchain agnostic, making any new blockchain integration straightforward, with the ability to quickly expand Spores ecosystem into new blockchain environments in the future if needed.
“We’re excited to integrate with Chainlink’s decentralized price feeds and datasets to support the growth of the Spores Network NFT marketplace. This integration is the first step toward our long journey integrating top blockchain projects to provide a seamless customer experience for our users and respective communities.” — Eric Hung Nguyen, Co-Founder & CEO at Spores Network
Please check out all the links below to learn more about each project. We here at Spores are focusing on bringing awesome content and IPs to the NFT world!
Spores Network founders believe that crypto will lead to decentralization of ownership and frictionless redistribution of capital. Their mission is to create an NFT ecosystem that is creator-centric, community-driven, frictionless, and borderless. To that end, Spores has built a cross-chain DeFi-powered NFT marketplace defining decentralized pop culture, sharing NFT content across gaming, esports, animation/anime, digital fine arts, music, and film/TV. Spores co-founders include Duc Luu (Nasdaq IPOed serial entrepreneur ), Eric Hung Nguyen (former senior investment analyst at a top-10-worldwide hedge fund), and a diverse team of advisors across blockchain and entertainment.
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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 and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper. Want to discuss an integration? Talk to an expert.