Chainlink VRF (Verifiable Random Function) will integrate with the NFTmall network on BSC (Binance Smart Chain) and ETH(Ethereum), as announced by NFTmall. This integration of the industry-leading DeFi oracle blockchain network would grant access to an auditable and tamper-proof source of arbitrariness required to aid mint NFTs (Non-Fungible Tokens) with provably fair and random features and ensure that every user gets an opportunity to enjoy the rarest products from the blind boxes.
Chainlink VRF integration would lead to an exciting, fraud-proof, and transparent user experience since users currently have on-chain proofs which generate collectible items and NFTs traits in the most unbiased fashion. This implies that every user gets an equal opportunity to receive the maximum NFTs and collectible items.
The NFTmall platform will not use centralized price feeds but Chainlink’s tamper-proof on-chain price feeds for currency pairs such as BNB/USD, AVAX/USD, ETH/USD, and others.
The multi-chain, multi-standard NFTmall is a redeemable NFT exchange where talented creators create and exhibit their skills to earn incentives without any 3rd party interference. It allows affiliates and collectors to earn tokens while enjoying art. Being the 1st physically-redeemable NFTs marketplace, NFTmall gets the NFTs delivered to the clients, and this redemption option will soon go LIVE and introduce more functionalities to the NFT market worldwide.
To ensure that NFT blind boxes and mints are unbiased and tamper-proof for app users, NFTmall requires access to RNG, a random number generator, that users can autonomously audit. Nevertheless, the RNG solution for smart contracts needs multiple security requirements to avoid manipulation and make sure of the system’s integrity.
NFTmall chose Chainlink VRF after rigorous reviewing of Chainlink solutions that are based on forward-looking academic research, backed by the time-tested oracle ecosystem, and secured via on-chain verification and generation of cryptographic evidence that ensure complete integrity of a random number sent through smart contracts.
In addition, Chainlink VRF operates by joining block data which remains unknown when a request is placed with the private keys of the oracle node and generates both cryptographic evidence and a random number. Consequently, NFTmall smart contracts accept a random number entry only if it contains valid cryptographic proof, which can be generated only by a tamper-proof VRF process. This offers a verifiable and automated assurance to the users on-chain, which makes the blind boxes and NFTs provably random or not tampered with by the NFTmall team, oracle, or any other external entities.
World’s first e-commerce and DeFi powered, creator-centric, physically redeemable NFTs marketplace, NFTmall is a multi-standard, cross-chain platform. Other than its live Mainnet on Ethereum and BSC, it plans to produce its mainnet on Avalanche, Polygon, and others very soon.
Chainlink network provides smart contracts with a reliable connection to external APIs. It currently secures more than billions of dollars spread across insurance, gaming, DeFi, and other industries, offering data providers and global enterprises a comprehensive gateway to blockchains worldwide.