CRYPTO NEWS & DATA SPACE

CRYPTO NEWS & DATA SPACE

Illuvium Expand Integration With Chainlink

Published on:

Illuvium expand integration with Chainlink to include Chainlink Price Feeds, the industry standard for decentralized, off-chain price data on Ethereum. 

The ILV/ETH Chainlink Price Feed serves the mission-critical role of helping ensure that the ongoing sale of Illuvium. Zero land plots is fair to all participants. The ILV/ETH Chainlink Price Feed provides accurate price data to help ensure that land plot buyers pay the same underlying price regardless of whether they’re transacting in sILV2 or ETH.

As the first AAA play and earn blockchain game that’s community-governed, Illuvium only uses the highest-quality infrastructure in Web3. As the industry-leading decentralized oracle network, Chainlink is undoubtedly the best solution for accessing a rich source of decentralized price data.

Chainlink Price Feeds already help secure tens of billions of dollars in value for leading DeFi protocols and have multiple layers of decentralization at the data source, oracle node, and oracle network levels — giving high assurances that the price data cannot be tampered with by any party.

Helping Secure Land Plots in Illuvium: Zero

Land plots are an integral part of Illuvium: Zero. Users who own land plots can produce valuable tokens. Most notably fuel an ERC-20 token that allows players to build and upgrade structures on the land. Utilize fuel for all transactions inside the Illuvium game.

As the registrations for the Land Sale alone are in the hundreds of thousands, must create a fair process that seeks to eliminate excess GAS fees.

Tier 1–4 Land plots are available for sale in ETH and sILV2, and Tier 5’s only ETH. Potential landowners must choose to buy the land in one of these currencies.

“Chainlink Price Feeds have a reliable and secure performance history for DeFi protocols, such as Synthetix. Using Chainlink to help secure our land plot mechanism, we’re furthering our commitment to using high-quality infrastructure and creating a world-class Web3 gaming experience.” — Kieran Warwick, Co-Founder of Illuvium.

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.

Website | Twitter

ABOUT Illuvium 
Illuvium is the first AAA blockchain game release on the Ethereum network. We utilise the Immutable X network for sub-second transaction times and zero gas fees. Currently in Private Beta and set to launch publicly in June of this year.

Website | Twitter

RESOURCES
Medium

Related

Stay Up to Date with Us

Market Stats:
BTC Dominance: 39.42%(-0.06%/24h)
ETH Dominance: 17.32%(0.00%/24h)
Defi Market Cap: $43.11B(-9.30%/24h)
Total Market Cap: $938.07B(-0.52%/24h)
Total Trading Volume 24h: $62.32B(-9.06%/24h)
ETH Market Cap: $160.17B
Defi to ETH Ratio: 26.92%
Defi Dominance: 4.41%
Altcoin Market Cap: $568.25B
Altcoin Volume 24h: $25.53B
Total Cryptocurrencies: 21160
Active Cryptocurrencies: 9498
Active Market Pairs: 59160
Active Exchanges: 526
Total Exchanges: 3697