ProjectOasis Integrates Chainlink VRF to Help Power a Fair and Transparent NFT Sale
We’re excited to announce that ProjectOasis — a metaverse focused on DeFi with a twist — has integrated Chainlink Verifiable Random Function (VRF) on Binance Smart Chain mainnet. By integrating the industry-leading decentralized oracle network, we now have access to a tamper-proof and auditable source of randomness needed to help power a provably fair NFT minting process. Ultimately this creates a more exciting, transparent, and fraud-proof user experience, as users are able to verify that the NFT they receive was truly randomly generated.
As a gamified 2D metaverse platform, ProjectOasis seeks to invoke nostalgia from the gaming community by incorporating beloved pixel art into a social game, where players can interact and trade with each other. NFTs act as playable and upgradable avatars within the game, adding provable digital ownership and user-owned economy functions.
Our Attributed NFT sale consists of 1500 NFTs with varying attributes, where NFT trait rarity can range from common to unique. This is why Chainlink VRF is so important to help ensure that the distribution is transparent and tamper-proof.
In order to build a truly fair NFT generation process, we needed access to a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity. For instance, RNG solutions derived from blockchain data like block hashes can be exploited by miners/validators, while off-chain RNG solutions derived from off-chain APIs are opaque and don’t provide users with definitive proof about the integrity of the process.
After reviewing various solutions, we selected Chainlink VRF because it’s based on cutting-edge academic research, supported by a time-tested oracle network, and secured through the generation and on-chain verification of cryptographic proofs that prove the integrity of each random number supplied to smart contracts.
Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof. The ProjectOasis smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof. This provides our users with automated and verifiable assurances directly on-chain that the Attributed NFT sale is provably fair and was not tampered with by the oracle, outside entities, or the ProjectOasis team.
ProjectOasis intends to use Chainlink VRF for any and all RNG based decisions in the future, from launchpads and land sales to lucky draw games.
“We have always believed that the community is the backbone of every project. With the Chainlink VRF integration, we can provide a safe and secure haven that gives our community peace of mind when participating in luck-based events, helping us fulfill our goal of making the Oasis Metaverse a worry-free zone.” –FS, Founder of ProjectOasis
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.
ProjectOasis is a metaverse built for people to socialize and interact with the different decentralized applications (Dapps) and protocols available in decentralized finance (DeFi).
The Oasis metaverse will consist of various swaps (AMMs), launchpads, and NFT marketplaces, as well as a Participate-to-Earn element where users are rewarded simply for interacting within the metaverse.
The main thing that makes ProjectOasis unique is that ProjectOasis caters not just to gamers but investors as well. Besides a P2E model, various DeFi Dapps will be integrated in Oasis. ProjectOasis’s goal is to be a one-stop centre for DeFi.
Several well-established DEXes will be integrated for their automated market maker (AMM). Besides that, ProjectOasis will also integrate their own launchpad called OLa, as well as other launchpads so that users will have multiple options when it comes to new projects. There will also be integration of various Borrowing/Lending protocols. ProjectOasis will integrate their own NFT marketplace (AGORA) for users to freely trade NFTs.
These features will be built in a way that will make it simple enough for users yet maintaining a fun and interactive experience.
Apart from that, ProjectOasis NFTs are not mere JPEGs. ProjectOasis NFTs are represented in the Oasis universe as character avatars and users can perform tasks to gain rewards from their NFT avatars once the ProjectOasis Participate-to-Earn is up.
ProjectOasis will also have a Play-to-Earn feature integrated in the Oasis metaverse. There will be 2 main elements to their Play-to-Earn, which will be PvE and PvP.
In the PvE, players will be able to earn by completing dungeons or killing monsters. They will gain resource NFTs that will be tradeable on AGORA (ProjectOasis’s marketplace).
In the PvP, players will battle each other to rise through the ranks. Top players on the leaderboard will be rewarded handsomely.