Getart Marketplace NFT Integrates Chainlink VRF

Published on: 26.08.2021

Getart Marketplace NFT Integrates Chainlink VRF on the Binance Smart Chain mainnet for fair & unbiased participant selection process for platform giveaways.

By integrating Chainlink’s industry-leading decentralized oracle network, Getart will have access to a tamper-proof and auditable source of randomness needed for NFT Giveaways. Ultimately this creates a more exciting, transparent, and fraud-proof user experience, as users can ensure a fair chance to win awards opposing GAX. This gives our members the opportunity to use GAX to participate in weekly sweepstakes.

Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof. The Getart NFT 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.

This provides their users with automated and verifiable assurances directly on-chain that Getart NFT is provably fair and cannot be tampered with by the oracle, outside entities, or the Getart NFT team.

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.

About Getart NFT Marketplace

Getart is an innovative and technically advanced platform that let you to create your digital art works using NFTs with very low cost. These NFT art works are subject to trade on blockchain and the owner of an NFT can put a bid to sell his NFT for real money in Getart platform’s NFT market place. Getart is built on Binance smartchain and having more scalability and immutability. The art creators and lovers can use this platform to create, sale and purchase these NFT artworks on the Getart platform’s NFT market place with fast speed and with very low fees. NFT is a digital file on blockchain that is representing the digital ownership of assets. The innovative smart contract of Getart are capable to track the location and processing of these digital files and gives surety to the NFT holders on the platform that no one can illegally misuse the NFTs as the digital ownership of these NFTs is marked on blockchain and well traced by the smart contracts of Getart platform.

➡️Source:
https://getartnft.medium.com/getart-marketplace-nft-integrates-chainlink-vrf-to-secure-nft-giveaways-d682aafa1ed3

Market Stats:
BTC Dominance: 54.43%(+0.43%/24h)
ETH Dominance: 15.17%(-0.28%/24h)
Defi Market Cap: $86.29B(+31.63%/24h)
Total Market Cap: $2382.75B(+5.51%/24h)
Total Trading Volume 24h: $99.15B(+37.15%/24h)
ETH Market Cap: $361.25B
Defi to ETH Ratio: 23.89%
Defi Dominance: 3.45%
Altcoin Market Cap: $1085.78B
Altcoin Volume 24h: $57.18B
Total Cryptocurrencies: 29729
Active Cryptocurrencies: 9944
Active Market Pairs: 81982
Active Exchanges: 765
Total Exchanges: 8532
BTC: 65842.77$(-0.23%/1H)
ETH: 3008.66$(-0.21%/1H)
AVAX: 34.8$(-0.48%/1H)
BNB: 583.12$(-0.19%/1H)
MATIC: 0.69$(0.01%/1H)
FTM: 0.8$(2.65%/1H)
ADA: 0.46$(0.89%/1H)
DOT: 6.98$(-0.05%/1H)
UNI: 7.38$(-0.32%/1H)
CAKE: 2.61$(-0.26%/1H)
SUSHI: 1.13$(-0.69%/1H)
ONE: 0.02$(-0.55%/1H)