MEME Is Integrating Chainlink VRF for NFT Drawings and Lotteries

This post was initially printed on Don’t Buy Memes

We’re happy to announce that MEME, a DeFi-focused NFT platform, is integrating Chainlink Verifiable Random Function (VRF) on Fantom mainnet. By integrating the industry-leading decentralized oracle community, we can have entry to a tamper-proof random quantity generator that may assist be certain that all MEME individuals have a good and equal probability of successful in our draw video games. MEME will use Chainlink VRF to supply a tamper-proof and auditable supply of randomness when selecting our winners, making gameplay on our platform extra enjoyable and thrilling.

MEME is an unique NFT summer season undertaking, arguably one of many main catalysts in NFT platforms gaining traction by 2020 and into 2021. MEME has been a springboard for a lot of main NFT artists, together with FEWOCiOUS, Jon Noorlander, Sven Eberwein, Jonathan Wolfe, Raf Grassetti, and plenty of others. Now, we’re excited to introduce our new drops, facilitated by drawings.

On the brand new platform, customers will now not must stake their MEME tokens to the sensible contract to earn PINA factors. Relatively, customers will now choose into rewards, and instantly start incomes factors each block. These factors can then be used to enter MEME drops. Say goodbye to the times of getting into and exiting artist swimming pools to enter our drops — this may grow to be a one-time, no-fee interplay as soon as related to the platform. After incomes a set quantity of factors, customers can declare entry into drawings throughout the entry interval.

As soon as the entry interval has ended, our sensible contract will then attain out to Chainlink VRF to retrieve a random quantity seed. Utilizing this random quantity, our platform will then proceed to assign winners with NFTs. As soon as assigned, customers can mint their MEME NFTs instantly from the rewards web page.

With a purpose to pretty select winners in our drawings, we’d like entry to a safe random quantity generator (RNG) that any person may independently audit. Nonetheless, RNG options for smart contracts require a number of safety issues to stop manipulation and guarantee system integrity. As an illustration, RNG options derived from blockchain knowledge like block hashes will be exploited by miners/validators, whereas off-chain RNG options derived from off-chain APIs are opaque and don’t present customers with definitive proof in regards to the integrity of the course of.

After reviewing numerous options, we chosen Chainlink VRF as a result of it’s primarily based on cutting-edge educational analysis, supported by a time-tested blockchain oracle network, and secured by the era and on-chain verification of cryptographic proofs that show the integrity of every random quantity provided to sensible contracts.

Chainlink VRF works by combining block knowledge that’s nonetheless unknown when the request is made with the oracle node’s pre-committed personal key to generate each a random quantity and a cryptographic proof. The MEME sensible contract will solely settle for the random quantity enter if it has a legitimate cryptographic proof, and the cryptographic proof can solely be generated if the VRF course of is tamper-proof. This gives our customers with automated and verifiable assurances instantly on-chain that MEME fortunate draw video games are provably honest and weren’t tampered with by the oracle, outdoors entities, or the MEME workforce.

“Randomness is a core a part of many NFT drops, mints, and video games. Powered by Chainlink VRF, auditable randomness helps allow MEME to foster a good, unbiased setting that provides each person an opportunity to win, with peace of thoughts that the end result has not been manipulated by any social gathering.” — the MEME Staff.

About Chainlink

Chainlink is the {industry} normal for constructing, accessing, and promoting oracle companies wanted to energy hybrid sensible contracts on any blockchain. Chainlink oracle networks present sensible contracts with a technique to reliably hook up with any exterior API and leverage safe off-chain computations for enabling feature-rich purposes. Chainlink at present secures tens of billions of {dollars} throughout DeFi, insurance coverage, gaming, and different main industries, and gives international enterprises and main knowledge suppliers a common gateway to all blockchains.

Study extra about Chainlink by visiting chain.link or learn the documentation at docs.chain.link. To debate an integration, reach out to an expert.

About MEME

MEME is likely one of the unique NFT platforms on the Ethereum and Fantom Community. Using the $MEME token, customers are in a position to accrue factors and enter unique drops on our platform, for free of charge. Customers holding the platform token have entry to the highest and up-and-coming artists within the house, at a a lot decrease value of entry than another NFT platform. Our platform gives the possibility to gather very uncommon and unique items that they might not have had the chance to gather elsewhere.

Study extra about MEME by visiting dontbuymeme.com, or observe us on Twitter.

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