Metalink, a social app for NFT communities, has now integrated Chainlink Verifiable Random Function (VRF) to provide cryptographic randomness to platform giveaways. To put it simply, Chainlink’s Verifiable Random Function will power Metalink’s random giveaways for NFT collections.
Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API.
This new integration will also increase transparency by multiple folds.
Metalink Integration with Chainlink VRF will help to Create A New Standard For NFT Giveaways
To begin Metalink is a platform for verified owners of NFTs to communicate and share their portfolios. Now, the integration will serve multiple benefits and utilities. These include increased transparency and a greater standard of randomness when determining award recipients. What’s more, the frontend features and launchpad process will now be available to any collection hosted on Metalink. This will further enable collections to run verifiably random giveaways.
Previously, Chainlink tested the approach at the end of last year. Successfully, the strategy proved beneficial in coordinating a number of high-profile NFT giveaways. On the other hand, Metalink has grown tremendously since its public launch at the start of this year/end of last year. By the same token, it has had some high-profile successes over the past few months. For instance, Coolman’s Universe launched on the launchpad in late 2021 and has already achieved a trading volume of over $50 million.
How will the integration work out?
All in all, the integration will strengthen Metalink’s commitment to security as a platform hosting the most valuable NFT collections. Given that, Metalink’s first 3000 collectors accounted for more than 9.12% of OpenSea’s $3.65B August revenue. Interestingly, the new standard of using Chainlink VRF for verifiably free giveaways will debut with a DeadFellaz collector giveaway. Moreover, winners will be able to personalize their Air Force Ones with NFT from the collection.
The integration enables Metalink’s collections to easily implement Chainlink’s VRF in their giveaways without the need to create their own smart contracts.
Jake Udell, CEO and Founder of Metalink said “Metalink’s number-one priority is to provide our communities with a unique and safe NFT social platform. With Chainlink VRF, our collectors can enter giveaways in a single click. We’re using a technology that prioritizes fairness and transparency to determine winners.”
Besides, OpenSea has announced a dedicated server on Metalink for its verified users.
Role of Chainlink :
Chainlink’s decentralized oracle networks, in general, enable advanced smart contract use on any blockchain. This is accomplished by using tamper-proof inputs, outputs, and computations.
In terms of operation, Chainlink VRF generates a random number and a cryptographic proof. This is accomplished by combining block data that is still unknown when the request is made with the private key. Whereas, the Metalink smart contract will only accept random number input if it has valid cryptographic proof. Finally, Metalink giveaways are supported by low-cost, provable randomness. As a result, the integration is extremely resistant to tampering by users, node operators, and malicious actors.
Deadfellaz founder, Betty said, “Community safety is a priority for us at Deadfellaz. This is why we are so enthusiastic about the platform Metalink has developed.”
