- ZKasino strengthens users’ trust by integrating Chainlink’s VRF.
- ZKasino joins the list of web 3 projects integrating the dedicated and tamper-proof services of Chainlink.
Chainlink announced through their official Twitter handle on Monday that ZKasino, a fully decentralized betting platform, has integrated its Verifiable Random Function (VRF) on the BNBChain and Polygon mainnet.
ZKasino went ahead to confirm the news on its official handle, acknowledging the exciting progress they are making in its dedicated fight to correct major flaws in traditional betting platforms.
Explore how VRF maximizes project transparency by helping prove game outcomes are fair ⬇️https://t.co/18jvnGNv9o
— Chainlink (@chainlink) January 23, 2023
ZKasino, a brainchild of ZigZag Labs, is a decentralized and scalable gaming platform that leverages the use of smart contracts and layer-2 solutions to provide a more secure and fair ecosystem where gamers can participate freely without the fear of a rigged system.
The introduction of Chainlink VRF, according to Zkasino, is to further remove the monopoly and possibility of manipulation characterized by centralized systems in various traditional betting games. Chainlink VRF marks a crucial step for ZKasino’s gaming platform along its roadmap considering that the integrity of “randomness” is a critical factor in the success of any game of possibilities.
It is essential for the openness and fairness of ZKasino’s games that game outcomes are determined in a verifiably random manner, hence the move to integrate Chainlink’s VRF.
As a provably fair and verifiable random number generator (RNG), Chainlink Verifiable Random Function (VRF) enables smart contracts to access random values without sacrificing security or usability. ZKasino’s integration now means Zkasino can provide its users with provably fair outcomes that are verifiable on-chain and tamper-proof.
Meanwhile, Chainlink is also scoring social points in the market at this time. In a recent tweet from Santiment, social volume for Chainlink, particularly on Twitter, has skyrocketed. This is due to rising interest in Chainlink from users. Santiment now predicts that Link’s price, which is currently trading at $7, might have a bullish reaction as a result.
🔗 Just shortly after @chainlink put out this post about its #ProofOfReserve advantages, there has been a big uptick in social volume about the asset on #Twitter. Currently sitting right at $7, the increased crowd interest may have a positive price impact. https://t.co/TY5aF2rTKH https://t.co/mnMsvOeiJC pic.twitter.com/pFBitPcBPK
— Santiment (@santimentfeed) January 23, 2023
Decentralized gaming on the rise
According to Statista, the total number of gamers worldwide stood at 3.03 billion as of 2022, showing a massive market available to the gaming industry.
Experts believe that the gaming industry will be one of the strongest and fastest routes for blockchain adoption considering the numerous advantages blockchain enables over traditional gaming platforms.
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The world witnessed a magnanimous proof of concept with Axie infinity’s play-to-earn model and NFTs that attracted millions of users in 2017 through 2021 and over a billion dollars in revenue.
This paved the way for other decentralized gaming projects to spring up, creating multiple blockchain alternatives for popular centralized web 2 games.