The MetaGameHub Chainlink Node Is Live, Making The Sandbox and Decentraland Land Title Prices Available On-Chain
We are excited to announce that MetaGameHub DAO has launched its official Chainlink node live on mainnet. Our Chainlink node will make NFT valuation data available directly on-chain for use by decentralized applications (dApps), as well as cryptographically sign the data to prove it originated from MetaGameHub.
Through the MetaGameHub Chainlink node, developers can access NFT valuation data, starting with The Sandbox and Decentraland land titles. This will allow developers to price Decentraland land titles on-chain, opening up new cases such as land titles as collateral for DeFi loans or new types of prediction markets and derivatives products based on the future price of these NFTs.
Developers can begin building and testing with the MetaGameHub Chainlink node by visiting the following documentation.
One of the main reasons we decided to launch a Chainlink node is because Chainlink is the most widely adopted oracle network amongst decentralized applications and data providers. Chainlink is blockchain agnostic and already supports many leading blockchains and layer-2 networks, serving as a future-proof oracle middleware solution with a growing network effect. For more information on the benefits of launching a Chainlink node, view our previous announcement.
MetaGameHub is a decentralized autonomous governance platform (DAO) for NFTs that aims to democratize access through fractionalization and NFT pools, collaborative on metaverse development, incentivize participation through rewards, and stabilize the ecosystem through pricing oracles built upon a combination of smart contracts, big data, and AI. Ultimately, we hope to help mature the NFT ecosystem and give a wide range of participants exposure to pools of NFTs through increased liquidity, fractionalization, and stable pricing while allowing them to collectively foster the development of the metaverse.
“The supporting infrastructure for NFTs is still in its infancy. By making MetaGameHub’s NFT valuation data accessible to blockchains through our own official Chainlink node, the utility of NFTs and virtual goods are increased and the NFT ecosystem as a whole gains more utility.” — MetaGameHub DAO
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
The MGH DAO strives to foster the convergence of DeFi, NFTs, the metaverse, and AI by combining utility, governance, and data within one holistic ecosystem. Through collaborative curation and fair pricing of NFTs, MGH is bringing more transparency and accessibility to the market by providing critical NFT infrastructure and creating a new layer of digital native value.
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