Friday, January 31, 2025
HomeNFTBinance's P2E Binemon announces its new partnership with ChainLink

Binance’s P2E Binemon announces its new partnership with ChainLink

The Binemon NFT game announced its new partnership with the ChainLink Oracle Solution in a Medium post published on May 3. According to the post, the top Oracle solution’s Verifiable Random Function (VRF) will provide safe, auditable, and tamper-proof data to the BNB chain.

Oracle networks are becoming more important as their role is no longer limited to DEXs alone. Several upcoming NFT and GameFi projects have also used ChainLink’s VRF and Keepers functions to provide users with a decentralised and transparent interface. With a new partnership agreement with ChainLink, the Binance-based meme NFT game enters this list.

NFT games often use a Random Number Generator (RNG) to randomly select the chances of winning. Managing the security of RNG systems, on the other hand, may be a hassle. While blockchain-derived RNGs are the most likely to be exploited by miners and validators, off-chain API-based alternatives do not provide the desired transparency or assurance of integrity.

Binemon has chosen to work with ChainLink for their VRF after conducting extensive research and examining other solutions. This function is data-driven and is backed by ChainLink’s reliable oracle networks. With VRF in place, value creation and verification are done safely on-chain, and the randomness of the selection may be confirmed at any time.

To generate a key, the Verifiable Random Function combines unknown data with Oracle networks. This key will be used to generate a random number as well as for cryptographic verification. A cryptographic-proof integral is used to confirm the random number, and it cannot be created if the VRF is insecure. The randomization of the raffle values is therefore automatic, and no one, even the Binemon Team, can tamper with the outcomes.

ChainLink has recently been one of the most desirable oracle networks because of its cutting-edge technology and solutions. ChainLink’s reliable and secure infrastructure enables projects across chains to connect to external APIs without concern about data manipulation. The VRF technology has already been used in a number of projects and games, including Ragnörak, Project: Pigeon, and The God Panel.

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Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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