Juggernaut Integrates Chainlink Oracles
Juggernaut will be integrating the industry-leading oracle solution Chainlink to enable the creation of dynamic #NFTs on #BSC.
By leveraging the large collection of pre-built and time-tested Chainlink Price Feeds running natively on BSC, Juggernaut can now support the creation of dynamic NFTs that change according to different market conditions.
As the most widely used oracle solution, Chainlink already secures billions of dollars across the DeFi and NFT ecosystems. This provides our users with definitive proof that our dynamic NFTs will evolve based on data that accurately reflects the aggregate trading activity across all exchanges.
- 🔹First, Chainlink Price Feeds fetch and aggregate market data from multiple premium data aggregators and then delivers it onto the BSC network as a single data update where it can be consumed (e.g. the price of DOGE).
- 🔹With this information on-chain, they can query the data feed from smart contracts, and modify the NFT assets depending on the values provided by Chainlink oracles.
- 🔹They enable the minting of the NFTs on BSC through JGNNFT.com exchange platform, so they can be displayed and traded easily.
- 🔹Lastly, they will list the dynamic NFTs in our platform, allowing users to acquire NFTs whose visual characteristics change depending on the daily price action of a particular asset.
“I have never seen a more professional team in the crypto space than Chainlink Labs. No waste of time, clear guidelines, and a great product suite. Very reliable team. We are excited to build Dynamic NFTs with the Chainlink technology, and also to explore future opportunities with the impressive oracle solutions of the Chainlink Network.” — Nacho, Co-Founder of Juggernaut (JGN).
What is Chainlink?
Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data. Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.
What is Juggernaut?
Juggernaut (JGN) is a complete custom DeFi suite, governance, and NFT ecosystem with full BSC compatibility. They are creating the go-to BSC NFT Exchange. Open access, freedom of assets, and available for anyone, anywhere.
They are building an NFT infrastructure, games, collections, and Exclusive BSC NFT Exchange. Juggernaut is building a unique ecosystem, full of exciting use cases, merging the possibilities of DeFi with NFTs.
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