Phantasia Is Integrating Chainlink Price and Sports Feeds into its Fantasy Sports Platform

Phantasia — the play-to-earn fantasy sports platform — is integrating Chainlink Price Feeds on Solana.

By integrating the industry-leading decentralized oracle network, Phantasia will have access to high-quality, tamper-proof price feeds needed to build a state-of-the-art marketplace featuring NFTs of in-game skins, vanity items, and more.

Chainlink Price Feeds will help provide its users with stronger assurances that each in-game purchase and sale is made based on fair-market global exchange rates.

Phantasia chose Chainlink as its go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

Phantasia is an innovative fantasy sports platform that incorporates evolutionary play-to-earn mechanics. Users compete in their favorite sporting competitions against their friends to earn our native FANT token, which can be utilized to purchase in-game NFTs. By collecting NFTs, users are able to customize their “Fan Card” to show off their achievements in contests and chat rooms!

In order to establish secure and accurate exchange rates within our marketplace, we need access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

After reviewing various oracle solutions, they selected Chainlink Price Feeds because they provide a multitude of critical features such as:

• High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned from outliers and suspicious volumes. Chainlink’s data aggregation model generates more precise global market prices that are resistant to API downtime, flash crash outliers, and data manipulation attacks like flash loans.
• High Update Frequency — Chainlink Price Feeds running natively on Solana can perform frequent price updates at minimal costs, resulting in precise price data that consistently reflects current market conditions.
• Decentralized Infrastructure — Chainlink Price Feeds utilize decentralized networks of professional node operators run by leading blockchain DevOps teams and traditional enterprises with a strong track record of uptime during market volatility.
• Transparent Monitoring — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of price feeds.

Our team is excited to integrate Chainlink Price Feeds to give users fair market rates within the Phantasia NFT marketplace. We are also planning to integrate other Chainlink Data Feeds into Phantasia, such as sports data. Chainlink sports data will include game scores and breaking player reports from high-quality sources such as the Associated Press, which will be a game-changer for our platform and the ecosystem at large.

“Chainlink is the industry leader when it comes to bringing any type of data on-chain, whether that’s market data around various crypto assets or sports data covering match information. Our team is excited to integrate Chainlink oracles as they provide us with all of the data we need to create a robust, fully functional fantasy sports platform on Solana. ” — Dan, Core Contributor

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.

About Phantasia

Welcome to the future of Fantasy Sports. Phantasia is the first of its kind Fantasy Sports Platform that leverages blockchain technology to bring the benefits of blockchain to Fantasy Sports players. Through Phantasia’s Play to Earn model, users can earn FANT tokens by winning contests and completing in-game quests. To enhance user experience, the Phantasia platform introduces an NFT concept where users can build their “Fan Card” from NFTs that can be bought on the exclusive Phantasia NFT shop or earned from in-game play.

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