Ethereum
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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. https://t.co/EzYHxWCy6j — 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...

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