Daehong Planning Partners with Chainlink to Strengthen NFT Competitiveness

by Lim Chunhan

Published 20 Apr.2023 09:14(KST)

Updated 20 Apr.2023 11:03(KST)

Enhancement of Transparency and Stability

Daehong Planning announced on the 20th that it has formed a partnership with the global blockchain network Chainlink to strengthen its non-fungible token (NFT) technology capabilities.

Chainlink is a global blockchain oracle that provides smart contract solutions, which automatically execute contracts when the conditions recorded on the blockchain are met, holding the number one market share in the industry. It is a key player in the blockchain industry, collaborating with various global companies such as Google Cloud, Amazon, and the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

Daehong Planning, Chainlink logo.
[Photo by Daehong Planning]

Through this partnership, the two companies plan to enhance the transparency and stability of ongoing NFT projects and provide new user experiences by adopting core technologies. In particular, dynamic NFT technology that changes NFTs in real time based on external conditions and VRF (Verifiable Randomness Feed) technology for more transparent NFT operations will be introduced.

Daehong Planning is developing its NFT business in collaboration with leading domestic and international companies. Last month, it signed an official partnership with the global mainnet Polygon and announced its push for global expansion, actively working to expand business as the hub for Lotte Group’s NFT projects.