Seoul Stars Is Integrating Chainlink Price Feeds

Seoul Stars — virtual K-pop artists in the metaverse — is integrating Chainlink Price Feeds on Solana. By integrating the industry-leading decentralized oracle network, Seoul Stars will have access to high-quality, tamper-proof price feeds needed to enable multiple cryptocurrencies to be used in the Seoul Stars metaverse and marketplace. This will provide its users with stronger assurances that every mint, sale, concert, or transaction on the Seoul Stars platform is priced accurately according to the current global market rates.

Seoul Stars is a virtual NFT in the metaverse that currently offers Yuna as the first virtual K-pop artist in the Solana blockchain. By creating Yuna, they have a figure that is not bound by time or space due to its virtual nature, allowing the community to share timeless moments of Yuna which include virtual concerts, music albums, and other perks that holders will get as the development of Yuna advances.

In order to help secure an easier payment system in the metaverse with Yuna, Seoul Star 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, they needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

ABOUT Seoul Star
Designed by a leading K-Pop artist agency HUMAP CONTENTS,
produced by Tommy Lee (worked with EXO, IU, Super Junior, Girls’ Generation), and endorsed by K-Pop stars, Yuna will release her own album and host virtual concerts in the Seoul Stars metaverse. There are 10,000 limited edition and unique NFT arts of YUNA drawn by Korea’s leading illustrator, Songbly.

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.

RESOURCES
Medium