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.
