Serving the global gaming community with its highly efficient and innovative services, Gaimin.io has entered into a strategically important partnership with Chainlink, a decentralized oracle service providing platform that lubricates the linking between smart contracts with the data from the real world. The integration will pave the way for new developments, innovations, and capacities of the two parties involved.
The news about the collaboration between Chainlink and Gaimin.io was announced in the crypto community through a Twitter post on the official social media handle of Chainlink.
Welcome @GaiminIo to the Chainlink ecosystem! Gaimin is a decentralized computing platform specialized for gamers. They will use Chainlink to build P2P time-based GPU renting, price in-game digital assets, facilitate tournaments via off-chain data & more. https://t.co/oVD1buAeln
— Chainlink (@chainlink) March 11, 2020
According to the official post, the integration between the two popular platforms will aid the blockchain-supported gaming portal to collaborate real-world data into its applications in a secure and trustable manner. It will also help Gaimin in maintaining contact with renowned non-blockchain infrastructure providers. The gamers will enjoy a never-seen-before user experience on the gaming blockchain network by allowing them to interact with external resources, access new gaming functionalities, etc.
The key points on which Chainlink and Gaimin will put in their joint efforts include:
- Creation of time-based smart contracts for “peer-to-peer renting” of digital gaming assets
- Channelizing tournaments and challenges between users through smart contracts that trigger based on off-chain gaming data
- Linking to off-chain databases that offer machine learning algorithms for enhancement of GPU monetization results for the players
- Using reliable sourcing of native token price details to establish correct, real-time pricing of transactions of in-game digital assets
Buki Ben Natan, CTO of Gaimin stated that
This is an important collaboration towards enhancing the functionality available to developers on the Gaimin platform. Integration of Chainlink’s market-leading oracle technology is a further example of our intention to assure that our platform offers the optimum user experience for gamers,
Gaimin has established itself as a leading decentralized computing platform that strives to become an unprecedented market ruler in the gaming arena. It monetizes the operational capacities of a player’s high-powered computer resources when they are not in use and then lends them the purchasing power as rewards to fund their gaming experience.
We see great potential in next-generation gaming applications built using data-driven blockchain infrastructure. We’re excited to help Gaimin optimize the computing resources of gamers using trusted data feeds secured by Chainlink’s decentralized oracle networks,
quoted Daniel Kochis, Global Head of Partnerships at Chainlink.
On the other hand, Chainlink has been enjoying a successful run as a prominent oracle ecosystem in the marketspace, specifically with a surge in the number of node operators, ecosystem solutions, data providers, and infrastructure-based tools and services. The network has witnessed a magnificent growth of DeFi in its network and is now becoming a hot-shot stop for gaming solutions as well. It recently entered into a partnership with BET Protocol for e-sports, Blocklords for strategy games, Gamedex for digital collectibles, and many others. The firm is all set to unveil an array of potential projects in association with major business entities like SWIFT, Oracle, and Google.
Interestingly, the network area of Chainlink has been expanding at a fast pace with a record of 60+ integrations in the past five months span, which indicates nearly one integration in nearly every 2.5 days. Chainlink aims to bridge the gap between blockchain-based smart contracts and real-world applications. However, if you want to know more about Chainlink news & its partnership, you can check our cryptocurrency news page.
