Kephi Gallery Integrates Chainlink to Fairly Distribute and Reliably Price NFTs

Kephi Gallery has integrated two Chainlink oracle services: Chainlink VRF for a verifiably tamper-proof randomness and Chainlink Price Feeds for accurate and secure cryptocurrency exchange rates.

Kephi Gallery is a myriad marketplace for visual artists, musicians, short-film creators, theatre performers, and more to gather together and share their work with monetization benefits. Every artist is encouraged to mint their NFT’s and start exchanging their pieces of art utilizing Kephi Gallery services.

Chainlink oracle networks enable smart contracts to access data and computations not inherently available on their native blockchain networks, often referred to as “real-world data’’ or “off-chain resources.” Through Chainlink oracles, blockchains can verify events happening in the outside world, such as the current price of assets, as well as access trust-minimized computations like the generation of random numbers backed by cryptographic proofs.

With Chainlink Price Feeds integration, $KPHI artists can list their NFTs at stable prices and adequately compare their work against the likes of other NFT marketplaces similar to OpenSea or Rarible. Chainlink Price Feeds maintain high-quality, tamper-proof data feeds on blockchains that track a variety of crypto exchange rates. The Price Feeds can then be used to list NFTs in various cryptocurrencies at stable values and then be purchased in real-time in other cryptocurrencies by referencing the real-time exchange rates of Chainlink.

About Kephi Gallery

Kephi Gallery is a cross-chain, low fees, NFT marketplace where artists from different disciplines can get together and share (and monetize) their work. From visual arts, to music, from movie clips to even theater, every artist is welcome to mint their NFT and start trading their pieces of art.

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

➡️Source:
https://kephigallery.medium.com/kephi-gallery-integrates-chainlink-to-fairly-distribute-and-reliably-price-nfts-a0f428d5c0eb

ArtWallet joins Fantom Ecosystem

ArtWallet joins the rapidly growing basic Blockchain, Fantom Ecosystem, to become the ultimate part of the Fantom NFT space. ArtWallet is a perfect product-market fit to the Fantom ecosystem. Supporting Fantom…

Overdrive – Beta Launch

The beta will be loaded with challenges aimed at increasing recognition of the Overdrive protocol and its partners. This can be anything from “like a tweet/create a tweet” to “enter…

Beefy Finance New Vaults From Beethoven Fantom

Beefy Finance New Vaults From Beethoven Fantom. Users can now Deposit their following LPs to earn rewards. Fantom Of The Opera https://app.beefy.finance/#/fantom/vault/beets-fantom-of-opera wFTM-USDC LP The Grand Orchestra https://app.beefy.finance/#/fantom/vault/beets-grand-orchestra wFTM /…

BTC Dominance: 46.19%
ETH Dominance: 18.84%
Defi Market Cap: $136.87B
ETH Market Cap: $483.46B
Defi to ETH Ratio: 28.31%
Defi Dominance: 5.12%
Total Market Cap: $2565.95B
Altcoin Market Cap: $1380.66B
Total Trading Volume 24h: $128.87B
Altcoin Volume 24h: $82.39B
Total Cryptocurrencies: 12967
Active Cryptocurrencies: 6703
Active Market Pairs: 47484
Active Exchanges: 419
Total Exchanges: 1503
Share via
Copy link