Solbulls x Chainlink Price Feeds Integration

Solbulls an innovative Play-to-Earn game on the Solana blockchain has integrated Chainlink Price Feeds.

By integrating the industry-leading decentralized oracle network, Solbulls will have access to high-quality, tamper-proof price feeds needed to peg in-game fees and rewards to USD and to showcase the USD price of NFT in its marketplace. This will provide its users with stronger assurances that NFTs listed at a set price of SOL will be visualized accurately in USD by potential buyers based on the current market price of SOL. It will also protect users from fluctuations in the price of Solana by paying the fees in dollars.

Solbulls chose Chainlink as their 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.

Solbulls is a play-to-earn project working to bring gaming to the Solana blockchain via an ecosystem of activities. Their Bulltiverse Bulls specializes in offering individual activities such as mining, breeding, fighting, or doctoring. These activities can be synergized by acquiring NFT attributes or equipping extra-NFT items that can then be resold later in our NFT marketplace.

Their project brought NFT staking to Solana, and it’s breeding and fusion mechanics will soon make its supply elastic. Since players can mint new items (via mining) and bulls (via breeding and fusion) at any time, we didn’t want to solely rely on an external marketplace for people to exchange them. Rather, they are building their own native marketplace with a reliable price ticker featuring the SOL/USD price. This will enable native price conversions for NFT listing and sales in an effort to give their users a simple onboarding experience.

In order to help secure the price visualizations on their Marketplace and ensure fair pricing for its gaming fees, they needed 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.

After reviewing various data 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 of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
• Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during market volatility and infrastructure outages.
• Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
• Reputation System — 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 node operators and oracle networks.

“We chose Chainlink Price Feeds because they offer a perfect blend of data quality, proven reliability during high volatility, and time-tested security over an extended period of time. The SOL/USD Chainlink Price Feed will ultimately make it easy for new users to calculate the costs of NFTs before listing, trading, or staking them.” — the Solbulls Team

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 Solbulls

Solbulls is the first play2earn NFT project working to bring gaming to the Solana Blockchain via an ecosystem of activities — our Bulltiverse. Bulls can specialize in individual activities (like mining, breeding, fighting, or doctoring) by acquiring in-NFT attributes that synergize with that activity, or equitable extra-NFT items that can also be sold on our Marketplace.

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