ChainFaces Arena Set to Migrate to Bitcoin Network with Improved NFT Metadata on ChainLink VRF
It is reported that Nate Alex, founder of ChainFaces Arena, a production art NFT project, announced on social media that it would migrate to the Bitcoin networ…
It is reported that Nate Alex, founder of ChainFaces Arena, a production art NFT project, announced on social media that it would migrate to the Bitcoin network. ChainFaces Arena is an NFT metadata on-chain game using Chainlink VRF technology. According to the plan, the project will open deposits on February 27 after deploying the locking contract on the main network, close deposits on March 13, and Ordinals will transfer to the Bitcoin wallet of the original NFT holder on March 14.
Production Art NFT Project ChainFaces will be migrated to Bitcoin Network
Interpretation of the news:
ChainFaces Arena, a production art NFT project, is set to migrate to the Bitcoin Network, according to the project’s founder Nate Alex. The project, which uses Chainlink VRF technology, offers an on-chain game based on NFT metadata. This move may be seen as a strategic decision considering the increasing popularity of the Bitcoin network among investors and traders.
The migration process will involve opening deposits on February 27, deploying the locking contract on the main network, and closing deposits on March 13. On the following day, Ordinals will transfer to the Bitcoin wallet of the original NFT holder. This announcement has been made primarily on social media channels, creating buzz among enthusiasts of NFTs and the blockchain community.
The move to migrate to a new blockchain network is not uncommon in the NFT world. Many NFT projects have found Ethereum, the primary blockchain network for NFTs, to be congested and expensive. The migration to the Bitcoin Network could be ChainFaces Arena’s response to address potential challenges and limitations on the Ethereum network. The Bitcoin Network offers faster transaction times and lower fees, making it attractive to those who are looking for a more efficient blockchain network.
Another noteworthy aspect of ChainFaces Arena is the use of Chainlink VRF technology. This technology has become popular among developers for building decentralized applications on blockchain networks. It offers better security and reliability in generating random numbers, which is crucial in gaming applications.
In conclusion, ChainFaces Arena’s migration to the Bitcoin Network and its use of Chainlink VRF technology is a strategic move that aims to optimize the project’s operation, improve efficiency, and offer better security to its users. The project will likely continue thriving among enthusiasts of NFTs and the blockchain community.
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