Altura Integrating Chainlink VRF to Provide Transparency on Random Loot Boxes

Published on: 12.06.2021

Altura Integrating Chainlink VRF (Verifiable Random Function) to Provide Transparency on Random Loot Boxes. Chainlink VRF will provide Altura smart NFTs with a provably fair and tamper-proof source of randomness used to determine which NFT is dropped from the loot box.

Loot boxes on the blockchain

Game developers currently have complete control over their loot boxes and don’t provide users with the ability to verify the legitimacy of the loot boxes due to the centralized nature of traditional game development.

Altura wants to move loot boxes to the blockchain by providing developers with a decentralized and verifiable way of creating loot boxes for their video games that drop gaming NFTs.

Altura provides game developers with the ability to create NFTs that represent in-game items, which can be seamlessly integrated in-game using APIs and SDKs.

Additionally, Altura plans to utilize other Chainlink oracle solutions, such as Chainlink Price Feeds, to develop smart NFTs. Smart NFTs are NFTs with dynamic properties that may be programmed to change based on external, uncontrollable conditions, such as the price of Bitcoin or the occurrence of a real-world event. Chainlink makes oracle-based smart NFTs possible in a secure, tamper-proof, and universally connected way.

About Altura

Altura is a smart contract platform that allows game developers to mint, distribute and transact Smart NFTs representing in-game items. Smart NFTs are NFTs with dynamic properties that can change based on certain conditions. Smart NFTs are the next step to making decentralized in-game items mainstream and offer a massive range of potential opportunities that are not possible with traditional NFTs.

About Chainlink

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain.

➡️Source:
https://medium.com/@alturanft/altura-integrating-chainlink-vrf-to-power-provably-random-loot-boxes-99e29d6f8e4

Market Stats:
BTC Dominance: 60.08%(+0.54%/24h)
ETH Dominance: 12.29%(-0.47%/24h)
Defi Market Cap: $82.84B(-16.79%/24h)
Total Market Cap: $2982.55B(+1.45%/24h)
Total Trading Volume 24h: $205.16B(-14.46%/24h)
ETH Market Cap: $367.54B
Defi to ETH Ratio: 22.54%
Defi Dominance: 2.66%
Altcoin Market Cap: $1190.6B
Altcoin Volume 24h: $123.72B
Total Cryptocurrencies: 32221
Active Cryptocurrencies: 10063
Active Market Pairs: 89430
Active Exchanges: 760
Total Exchanges: 9578
BTC: 90496.15$(1.14%/1H)
ETH: 3041.52$(0.48%/1H)
AVAX: 32.53$(1.22%/1H)
BNB: 614.55$(0.39%/1H)
MATIC: 0.36$(1.04%/1H)
FTM: 0.7$(1.64%/1H)
ADA: 0.68$(1.79%/1H)
DOT: 5.06$(0.8%/1H)
UNI: 8.32$(1.14%/1H)
CAKE: 1.82$(0.82%/1H)
SUSHI: 0.73$(1.96%/1H)
ONE: 0.01$(1.9%/1H)