$544.08 5.21%
ETH · 17w

Chainlink’s newest partnership brings crypto adoption to mainstream gamers

Blockchain platform GamerHash said it is integrating Chainlink data feeds for fair pricing, according to a partnership announced Tuesday.

The gaming-focused platform is the latest firm to onboard Chainlink’s oracles services. Its users, the announcement said, can share their idle CPU/GPU for mining crypto or earning crypto rewards through playing games. GamerHash said its decision comes after Chainlink’s “proven” ability to secure “over a billion dollars in value in DeFi as the most widely used oracle.”

Chainlink’s verifiable pricing to benefit gamers

The announcement said Chainlink’s BTC/USD Price Reference Data will be used to calculate the profitability of providing different computational resources on the GamerHash platform.

Decentralized computation platform @GamerHashCom is live, using Chainlink BTC/USD Price Reference Data to calculate the profitability of providing computer resources. It's the first step in a larger goal of seeding #NFT adoption in the #gamingcommunity. — Chainlink – Official Channel (@chainlink) July 27, 2020

This is touted as the “first integration” (of verifiable price feeds) towards a much larger goal of “seeding NFT adoption in the mainstream gaming community.”

GamerHash said gamers are intimately familiar with interacting and trading valuable digital assets — presumably referring to the wide array of in-game currencies and digital tokens available on major games like FortNite. This makes them a “prime target” for digital currency usage and sparking “another wave” of blockchain adoption.

Snapshot of the GamerHash studio. Image: Medium

The firm said its non-fungible token (NFT) rewards will be rolled out to over 480,000 users across 125 countries, with Chainlink’s Verifiable Random Function (VRF) used to distribute those randomized in-game rewards. Another use case is to mint “rare” NFTs, which can then be bought and sold on the GamerHash Marketplace.

The yet-unre...

Continue on
Recent news
ETH +5.21% · · 3h

DeFi Pulse Farmer #17

Catch up on a new week in DeFi as we recap Yearn, Pickle, the Farm of the week, the Conservative Farmer, the latest Governance updates, and more!
ETH +5.21% · · 5h

ETH mining difficulty soars

Mining Ethereum just got more difficult. The difficulty of ETH mining rose to 3,719 terahashes after the coin was being traded for over $500.
ETH +5.21% · · 6h

Weekly Action Recap

Your action recap for the week of November 23rd, 2020
ETH +5.21% · · 7h

Yearn Finance integrates Cover Protocol

In recent times, Yearn Finance has been integrating different DeFi protocols into its system. There appears to be no stop to that as the firm has announced a