We’re excited to announce that AvaDice — an iGaming Ecosystem featuring 4,444 handcrafted NFTs — has integrated Chainlink Price Feeds on Avalanche mainnet. By integrating the industry-leading decentralized oracle network, AvaDice now has access to high-quality, tamper-proof price feeds needed to provide a more seamless and secure gaming experience to users. Chainlink Price Feeds are being used to calculate the fiat value of a user’s bet, while they also provide accurate data underpinning the price prediction game.
AvaDice’s initial integration currently involves the use of the AVAX/USD Chainlink Price Feed, and more pairs will be added in the future. AvaDice chose Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
AvaDice is an iGaming ecosystem where you can play games or earn rewards by holding one of your own 4,444 handcrafted NFTs. AvaDice are constantly improving their games and adding new ones, so be sure to follow AvaDice to stay up to date with new developments.
In order to create a better gaming experience AvaDice needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, AvaDice needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by their application.
After reviewing various oracle solutions, AvaDice integrated Chainlink Price Feeds because they provide a multitude of critical features such as:
- High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
- Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation System — Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
“Our Chainlink Price Feeds integration is just the starting point for AvaDice. We aim to integrate more trust-minimized services from Chainlink in the future to provide our users with the most feature-rich and seamless gaming platform possible.” — the AvaDice Team.