On May 27, Chainlink made a tweet in which they mentioned the company had secured another partnership for its Keepers, VRF, and price feed solutions. OpenLuck, a cross-chain NFT marketplace, has signed a multi-year agreement with Oracle for multiple trustless services on BNB. The group believes that these features will enhance its “Luck Trading” concept, which combines crowdsourcing with a raffle draw.
Also, OpenLuck has signed a multi-service agreement with Chainlink to expand the capabilities of its Luck Trading concept. The innovative trading concept combines numerous elements, such as NFTs, crowdsourcing, and a raffle draw. For example, the OpenLuck draw allows users to bid on the NFT auction using a ticket purchased for a fraction of the original price. The NFT will then be given to a lucky winner picked from among hundreds of tickets. Chainlink services will now provide these functionalities to assure security and fairness.
Chainlink has recently launched numerous additional trustless features, including the Verifiable Random Function and the Chainlink Keepers, in addition to the tamper-proof price feeds. These devices have caught the interest of upcoming NFT and GameFi projects, making them one of the most sought-after DeFi solutions.
Chainlink price feeds will be significant since they are trustworthy and will make the integration smoother than ever. Furthermore, due to decentralisation, the chances of manipulation using Chainlink are little to none. Currently, the tamper-proof price feeds help the Oracle system secure hundreds of billions of dollars throughout DeFi.
Another key feature included by the NFT Marketplace is the Chainlink VRF. This randomizer follows the Provably Fair guidelines, making the selection process fair and verifiable. The VRF uses private keys and cryptographic proofs to make sure that neither internal nor external parties can change the results.
