Project SEED is Integrating Chainlink Price Feeds on Solana for NFT Exchange Rates
Following the recent IDO of our native SHILL token on the GameFi, Solanium, and Gamestarter platforms, we are excited to announce that Project SEED is integrating Chainlink Price Feeds on Solana. By integrating the industry-leading decentralized oracle network, we will have access to high-quality, tamper-proof price data that supports real-time exchange rates for our native token when used within our NFT marketplace. This will allow users to make more informed decisions regarding how they use the SHILL token to list, buy, and sell NFT assets.
As a unique GameFi Metaverse Ecosystem, Project SEED’s integration of Chainlink Price Feeds furthers our commitment to auditable and decentralized processes regarding in-game assets. Speaking of our mission, Project SEED aims to revolutionize the mobile gaming industry through blockchain technology, NFTs, and play-to-earn game economics. After starting out with an action RPG (ARPG), our goal is to build a comprehensive ecosystem of blockchain games that are connected through an NFT marketplace and operated by a decentralized autonomous organization (DAO). Users will be able to play ARPG games for the opportunity to earn rewards and NFTs from the efforts made in the Project SEED Metaverse.
In order to foster a sustainable and transparent standard for DeFi activities in our metaverse, Project SEED has decided to integrate Chainlink Price Feeds. Chainlink provides a viable solution to the oracle problem, enabling Project SEED to securely access external data feeds and off-chain computations in a secure, reliable, and decentralized manner. This integration will allow our users to reliably transact on our upcoming NFT marketplace, knowing they have the most up-to-date price information before making NFT transaction decisions.
After doing our due diligence, we ultimately decided to integrate Chainlink Price Feeds because they offer superior features, such as:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and suspicious volumes. Chainlink’s data aggregation model generates more precise global market prices that are resistant to API downtime, flash crash outliers, and data manipulation attacks like flash loans.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises with a strong track record for reliability, even during high gas prices and extreme network congestion.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or the oracle network.
- Transparency — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices being offered.
“Project SEED is integrating Chainlink Price Feeds due to our strong desire to provide gamers a fair, yet exciting digital gaming experience. Chainlink Price Feeds will serve as an important first step in establishing reliable and transparent exchange rates when buying and selling NFTs in our metaverse ecosystem.” — Liko Subakti, Project SEED’s CEO.
Project SEED is motivated to continue innovating its products by leveraging the blockchain industry’s best-in-class resources and technology. Project SEED will focus on making more high-quality games that interplay with exciting DeFi features, with the goal of becoming a GameFi hub for both gaming players and developers.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
About Project SEED:
Project SEED is a GameFi Metaverse Ecosystem built by an AAA Game Studio that develops a mobile-focused blockchain gaming that utilizes Multi-Chain Hybrid Technology and integrates Game Hub, GameFi, DAO, ESports, and Growth Program. Aiming to revolutionize the gaming industry by introducing traditional gaming industry standards into the blockchain gaming ecosystem, Project SEED integrates all GameFi functions within the application, making the experience seamless for the players. For more information, please go to: https://projectseed.io/