Gari DAO, the governing body behind the web3 short video app Chingari, is adding a Chainlink Price Feed to the app, which runs on the Solana mainnet (SOL).
KNIFE announced This news on April 21, notes that this integration will introduce smart contract functionality in Chingari.
By adding smart contract capabilities of Chingari, Gari DAO seeks to empower video creators and digital artists globally by allowing them to receive fair rewards for the content they create. Additionally, the organization aims to build blockchain-based games and new advertising models within Chingari that reward anyone who interacts with them.
Gari DAO says Chainlink Price Feed now has access to a high-quality, tamper-free price feed, which is essential in supporting e-commerce ads and prediction markets. The organization added that the Chainlink Price Feed will assure Chingari’s more than 70 million users of the accuracy and transparency of the data the platform uses for markets and price predictions.
Gari DAO Co-Founder and CEO Sumit Ghosh said:
“A highly secure, seamlessly integrated solution, it’s easy to see why the Chainlink Price Feed is the most widely adopted data solution in Web3. Given that our content creators and users are fundamental to the success of our apps, we recognize the importance of providing them with a highly accurate and transparent rewards process. ”
Chainlink continues to strengthen its position as the best oracle solution
Created in September 2017, Chainlink was fast extend, with over 1,000 projects integrating its price feed at the moment. Notably, more than half of these integrations take place by 2021, indicating that the platform’s popularity is growing rapidly.
This rapid growth comes after Chainlink rolled out services on a variety of Layer 1 and Layer 2 protocols over the past year. These include Arbitrum, Avalanche, Binance Smart Chain (BSC), Ethereum, Fantom, Harmony, Heco, Moonriver, Optimism, Polygon, Starkware, and xDai.
Additionally, Chainlink introduced Verifiable Random Function (VRF), first introduced in Ethereum in late 2020, to BSC and Polygon in 2021. Chainlink VRF powers smart contracts access to a secure on-chain source of randomness, which is important for -tokens (NFT) and on-chain game applications.
In addition to blockchain projects, mainstream companies like Amazon Web Services, AccuWeather, and Associated Press also accept Chainlink to add blockchain technology to various parts of their operations.