In the world of Blockchain and cryptocurrencies, the name of Chainlink is well-known. This transpires owing to the ample functional advantages offered by Chainlink. It is known to be the catalyst bridge that associates smart contracts with off-chain reserves of data feeds and other variety of web-based APIs. This framework of Chainlink also connects off-chain supplies of conventional bank account related payment.
Hence through this platform, esports and gaming apps shall get a boost for development through RedFOX. All this development shall be enabled on the WAX blockchain. The RedFOX Chainlink node’s intended objective is to assimilate all data created by these applications bringing them on a unilateral platform of Ethereum. Reason for initiating Ethereum. The new crop of metaverse NFTs will only augment the benefits.
It would not be an overstatement to say that Chainlink plays a pivotal role as a middleman communicator for Smart Contracts giving them their individual interface with external mediums. Hence, the entire functionality of Chainlink being linked to decentralized oracle networks that facilitate smart contracts be made available on any sort of blockchain and be communicable to live data, events, and payments will have considerable gains for RedFOX Labs.
The RedFOX Labs would not only be able to retrieve the data but also will be able to format and use it for computation and uptime guarantees. Another reason for beginning with Ethereum is that the labs will be able to put their cryptographic signatures that would act as a testimony towards authentication with the node’s unique private key certifying the data’s origin happens to be a genuine and reliable one.
As per the statement made by the spokesperson at RedFOX labs,
Through this launch, RedFOX Labs has acted as a torchbearer for other gaming industry players to join the revolution called ……Chainlink.
