Chainlink Keepers Will Power Auto-Updating NFT Artwork for The DeFi Network.
The DeFi Network is excited to announce their integration with Chainlink, the industry-leading decentralized oracle network, to support our development across many unique smart contract use cases. Our first implementation will involve the use of Chainlink Keepers and a Chainlink Price Feed within The Curse NFT project — a single dynamic NFT representing a 3D-rendered art piece of Krystall Schott that changes based on the Ethereum price.
Smart contracts are tamper-proof programs that execute deterministically on blockchains. So, in order for dynamic NFT art to change autonomously, external entities called ‘keepers’ are necessary to ping their underlying smart contracts and let them know it’s time to update, based on predefined parameters.
For the project described above, Chainlink Keepers will monitor the price of ETH off-chain, and let The Curse NFT smart contract know if daily price changes were positive or negative. When the price of ETH increases one and five days in a row, the NFT will display positively valenced 3D renderings. When the price of ETH decreases for one and five days in a row, the display will be negatively valenced. Additionally, if the price of ETH hits $20,000 USD, the NFT will display a fully “blessed” and final form of Krystall Schott — the #1 Google search result for the word ‘face’. This is all made possible by Chainlink Keeper triggers in the smart contracts.
About Chainlink
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.
About The DeFi Network
They’re a full-service, global network that builds digital products & apps on the blockchain. Whether you need a complete project developed, a little extra manpower, or anything in between, their teams will work quickly and closely with you to get the job done.
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