Umbrella Network Announces Partnership With ChainWars
Umbrella Network is thrilled to announce a partnership with Chainwars — a space-themed, blockchain-driven, digital collectible card game (DCCG).
- Umbrella Network and ChainWars are announcing a partnership to work together to bring better value to the NFT collectibles space
- ChainWars is a DCCG (Digital Collectibles Card Game) built on Blockchain and is set in space
- Under this partnership, the ChainWars token — ChainWars Essence (CWE) has been added as Layer-2 data on Umbrella Network’s decentralized oracle
- Additionally, both partners would evaluate strategies and options to bring the NFT minting prices down, a feature sorely missed in the NFT collectible space
Umbrella Network continues its path to gaining deeper and broader adoption by cryptocurrency and NFT projects. A partnership with ChainWars, a Digital Collectibles Card Game, takes this promise of wider adoption forward.
ChainWars features P2E (Play2Earn) and supportive products running on multiple blockchains to enable a fresh approach to the creation of decentralized gaming experiences. Their token, CWE, focuses more on utility rather than just rewards, and it allows users to trade on the marketplace, buy Lootboxes and other products. It is this CWE/USD pricing data that is made available on Umbrella Network’s decentralized oracle, now already live as Layer-2 data.
The CWE/USD price pair can be queried by any dApp’s smart contract to fetch both the current and historic pricing data, in their most authentic form, as sourced from multiple sources of truth, and committed to the Blockchain by Umbrella Network’s community validators.
Umbrella Network currently offers over 3500+ of Layer 2 data pairs, including many mid-cap and small-cap cryptocurrencies that usually are the most vulnerable to price oracle attacks but are oftentimes the most ignored data pairs by other oracles when it comes to making their prices available on the Blockchain.
Umbrella Network solves this problem via their innovative Merkle tree architecture that enables batch processing of data, essentially committing thousands of data points to the Blockchain, as one transaction. This creates massive savings on costs that leads to more benefits such as offering support for more data pairs, providing data at a lower cost to dApps, updating data points more frequently, and more.
It was for these benefits that ChainWars found Umbrella Network to be the perfect partner for their goal of bringing the NFT minting prices down. Since Layer-2 data can be any sort and/or form of data, ChainWars’ supporting products and P2E game mechanics would gain massive advantages over their competitors that are still using centralized oracles/servers to serve their data/mechanics needs.
Umbrella Network’s Random Number Generator (uRNG), a service to generate and serve random numbers (RANDs) in a tamper-proof manner to smart contracts, shall be another avenue of collaboration between ChainWars and Umbrella Network.
On the announcement of the partnership, John Chen, President at Umbrella Network said,
“We’re very proud to be working with ChainWars and adding the CWE/USD price feed. We’re excited to be working with more NFT-base P2E gaming projects as the space continues to experience tremendous growth. We will continue to support this market segment as we add more data solutions tailored for projects in this area.”
The core workforce behind ChainWars has been dedicated to making sure the gaming metaverse’s success with the well-timed launch of merchandise and options. This strategy has led to the launch of the ChainWars Essence (CWE) token and the alpha launch of ChainWars tradable card recreation.
ChainWars has already revealed that it’s set to launch many pieces of merch earlier than the tip of Q1 2022. Among the key merchandise embrace, ChainWars account launch, onboarding new companions, and launching a third-party NFT market.
These developments will solely enhance CWE token use-cases and appeal to extra avid gamers to the ChainWars ecosystem.
About Umbrella Network
Umbrella Network is a scalable, decentralized, and community-owned oracle that utilizes Layer 2 technology to integrate real-time data into smart contracts for accurate and timely reports. Umbrella Network brings the world’s data to blockchains to enable DeFi applications to perform at the optimum level regarding precise information dissemination. It believes a decentralized oracle is paramount to creating a truly decentralized financial space.
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