2022-3-3 18:00

Metalink, the social app for NFT communities, has integrated Chainlink (LINK/USD) Verifiable Random Function (VRF) on Ethereum Mainnet (ETH/USD) to randomize platform giveaways, Invezz learned from a press release.

Users verify giveaway competitions independently

Chainlink VRF brings tamper-proof randomness to smart contract applications, making sure Metalink’s users can verify giveaway competitions independently. Metalink is using leading Chainlink technology for enhanced transparency to support the company’s commitment to its collector base.

Jake Udell, CEO and Founder of Metalink commented:

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, while also knowing we’re using a technology that prioritizes fairness and transparency to determine winners. Chainlink VRF is an obvious solution to the problems NFT projects face when conducting raffles. We’ve incorporated Chainlink VRF into Metalink for each collection we support so that teams have easy access to verifiable randomness to conduct provably random giveaways.

Launchpad coordinates giveaways

This approach builds on Metalink’s Launchpad, which has coordinated some high-profile NFT giveaways successfully. Late last year, Coolman’s Universe became available on the launchpad. It generated trading volume of more than $50 million within three months of the launch.

Chainlink VRF will be integrated into the backend of all Metalink platform giveaways to provide a greater standard of randomness when determining award recipients.

Tomasz Wojewoda, Head of Global Sales at Chainlink Labs added:

We’re excited that the Metalink team chose to integrate Chainlink VRF for a secure source of randomness as Metalink hosts a large and growing collection of novel NFTs. Chainlink VRF will help ensure that each giveaway conducted on Metalink is both auditable and tamper-proof, bringing enhanced transparency to its community members.

Chainlink hosts some of the most valuable NFT collections

The first 3,000 collectors on Chainlink accounted for over 9% of OpenSea’s total revenue in August last year, exceeding $350 million. This integration testifies to Metalink’s commitment to security. It will premiere with a giveaway for Deadfellaz collectors.

Deadfellaz founder Betty said:

We are thrilled to be able to provide our community with a fair and transparent way to enter giveaways and contests via Metalink’s integration of Chainlink VRF. Community safety is a priority for us at Deadfellaz, which is why we are so enthusiastic about the platform Metalink has developed and look forward to the Horde enjoying their dedicated Metalink server.

Highly secure, feature-rich technology

Chainlink VRF works by combining the oracle node’s pre-committed private key and block data that is still unknown when the request is made. This generates proof as well as a random number.

The Metalink smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof.

The post Metalink integrates Chainlink VRF to randomize giveaways appeared first on Invezz.

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