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Home»Altcoins»Chainlink VRF Empowers BetSwirl on Base, Paving the Way for Transparent Gaming
Altcoins

Chainlink VRF Empowers BetSwirl on Base, Paving the Way for Transparent Gaming

NBTCBy NBTC20/12/2024No Comments3 Mins Read
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  • Chainlink’s real-world asset tokenization efforts and whale accumulation have fueled a robust price surge, with a 100% surge in crypto whales holding LINK.
  • By utilizing tools like The Graph for data indexing and AerodromeFi for liquidity management, BetSwirl enhances its trustless gaming experience.

Decentralized gaming platform BetSwirl announced its expansion to the Ethereum Layer 2 network Base. The platform’s integration with Base is bolstered by Chainlink’s Verifiable Random Function (VRF) 2.5, ensuring transparency and security in onchain gaming.

BetSwirl chose Base for its core strengths: robust security, low transaction costs, and a developer-friendly environment. Additionally, Base’s focus on innovative solutions such as account abstraction, AI onchain agents, and vibrant community ecosystems aligns with BetSwirl’s vision for mass blockchain adoption. In its official announcement, the GameFi platform noted:

“Base’s mission to onboard the next billion users onchain perfectly matches our goals for the future of technology and adoption”.

The platform also leveraged Base’s existing tools, including The Graph for data indexing and AerodromeFi for managing its protocol-owned liquidity (POL) and gauge system. These integrations enhance BetSwirl’s ability to deliver a seamless and trustless gaming experience.

BetSwirl Plans for Transparent Gaming with Chainlink VRF

In order to maintain fairness and security, BetSwirl will rely on Chainlink VRF, which is a trusted standard for verifiable randomness. The Chainlink VRF platform has already processed more than 20 million request transactions across multiple blockchains, which is critical for ensuring trustless outcomes in on-chain gaming, per the CNF report.

During the recent Version 2 update, BetSwirl deployed its gaming platform on the Ethereum Layer-2 Base, thereby offering features such as a complete gaming suite, non-custodial architecture, instant transactions, and minimal fees, Chainlink-powered verifiable randomness, CCIP bridging, and staking models.

BetSwirl is already connecting with the Base ecosystem and has teased its first native project collaboration, promising more details soon. The platform is actively engaging with Base builders and communities, inviting collaborations to drive mass adoption. “Game-Fi wasn’t onchain, until it was. We are BetSwirl. We are Game-Fi,” the company stated.

LINK Price Surge to Continue?

The Chainlink price has seen a strong rally with more than 18% gains on the weekly chart. Furthermore, it has also extended its monthly gains to more than 125%. As of press time, the LINK price is trading 0.44% up at $29.5 with a market cap of $18.5 billion.

Prominent crypto analyst Alan Santana highlighted bullish market dynamics for LINK. Santana characterized the current market action as “100% bullish”. He identified $32 and $35 as the immediate resistance levels to watch, with further upward targets at $47 and $61, per the CNF report.

Crypto whales are ramping up activity, spurred by expert predictions of a bullish December, with Chainlink emerging as a key beneficiary. The network’s ambitious push into real-world asset tokenization has driven renewed interest and boosted its price momentum.

In the past 30 days, crypto whale holdings of Chainlink have soared by an impressive 111.97%, reaching a total value of $19.61 billion, underscoring the growing confidence in its ecosystem, reported CNF.

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