EFUN Integrates Chainlink Automation to Help Trigger Updates to Event Results
We’re excited to announce that EFUN — a pioneering platform for prediction games in Web3 and the metaverse — has integrated Chainlink Automation on BNB Chain mainnet. We are leveraging Chainlink Automation to securely and cost-efficiently trigger updates to event results. As a result, the EFUN user experience has significantly improved because gaming outcomes are based on the most up-to-date event data available.
We decided to use Chainlink Automation to power EFUN’s event results update function because it is the most reliable Web3 automation service. The Chainlink Automation Network is operated by the same pool of time-tested, provably reliable node operators that currently help secure tens of billions of dollars in DeFi, even during record levels of network congestion and extreme volatility. The proven infrastructure of Chainlink helps ensure that every update to the event results is executed on-time in a trust-minimized manner, giving users additional guarantees that it will function exactly as intended.
efun.tech aka EFUN is a pioneering platform for prediction games in Web3 and the metaverse. Be it a sports match, a presidential election, or a Miss World competition, EFUN enables analysts to gauge public sentiment, brands and companies to build awareness, and the general public to make their voices heard.
This integration helps to support EFUN’s data pipeline which retrieves accurate and timely event result data from RapidAPI and uses that data to accurately and reliably deliver results to all EFUN users. It also uses Chainlink Data Feeds to automatically update information about token prices and on-chain transaction volumes for price prediction events.
Chainlink Automation is a decentralized service purpose-built to manage tasks on behalf of smart contracts. Chainlink Automation leverages decentralized, hyper-reliable, and economically incentivized automation nodes to wake up smart contracts when they need to perform critical on-chain functions, which usually take place at regular time intervals (e.g., every day at the same time) or based on external events (e.g., when an asset hits a specific price).
Some of the notable features of Chainlink Automation include:
- Highly reliable, performant, and decentralized automation — Chainlink Automation ensures transactions are identified and confirmed quickly even during periods of heavy network congestion by leveraging Chainlink’s battle-tested transaction manager.
- Time-tested infrastructure that helps save costs — Chainlink Automation enables us to eliminate in-house automation infrastructure costs, reduce resources spent on DevOps, and increase speed and efficiency.
- Built to enable faster scaling — Chainlink Automation enables us to scale faster and avoid the challenges that come with building and maintaining the infrastructure needed to reliably automate across multiple chains.
- Unlocks new use cases — With smart contract automation, we’re able to explore new use cases and unlock capabilities that would otherwise not have been possible.
“We can be positive that the accuracy, timeliness, and transparency of event results on our platform will improve thanks to this integration. In the future, EFUN hopes to integrate Chainlink Automation for additional features in order to help reduce transaction costs and the complexity of on-chain logic.” — Tony B, CEO, EFUN
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
EFUN is a pioneering platform for prediction games in Web3 and the metaverse. EFUN token holders will have unprecedented chances to “Predict to Earn’’ through various predictive events such as sports matches, elections, or metaverse games. In return, EFUN helps organizations to track public opinion and enhance brand awareness. Moreover, User/Brand can Create/Host their own crypto-friendly prediction games on EFUN. Powered by blockchain, EFUN’s mission is to make prediction games not only fun and beneficial but also transparent and trustworthy.
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