LuxFi Announces Partnership with HiFi Gaming

LuxFi is happy to announce a new partnership with HiFi Gaming, the premier GameFi P2E platform working to integrate the Metaverse & DeFi, in an exciting new collaboration which promises big things to come for both of our communities.

HiFi has a mission to create value-driven avenues into web 3.0 for investors, gamers, developers and for the many other members of their expanding community. Their team has built a dynamic gaming-focused ecosystem which rewards gamers in various ways, including staking (farming) their native $HIFI token, backed up by a robust ecosystem of features aimed at empowering gamers and game developers, such as high score rankings, competitions, live events, challenges, achievements boosts and live HiFi TV streaming via Twitch. Further, their gameplay analytics dashboard provides a unique backend for users to help drive participation via reputation management.

Verifiably rare NFT collections from HiFi Gaming Society

One the most exciting things HiFi has going is their NFT offerings, i.e. the ARTcade Adventure; offered via PancakeSwap Collections, the HiFi Gaming Society has baked in a range of rare attributes which are governed by Chainlink’s Verifiable Random Function (VRF) which ensures a tamper-proof formula used for their NFTs and airdrops. The VRF integration via Binance Smart Chain offers a transparent, fraud-proof way to ensure that rewards are distributed to users in equitable ways, fairly and without prior bias.

The importance of using on-chain verification for NFTs via cryptographic proofs to ensure the integrity of random ordering of supplied smart contracts is not to be neglected, as HiFi describes it best: “Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof. The HiFi Gaming Society smart contract will only accept the random number input if it has a valid cryptographic proof, and the cryptographic proof can only be generated if the VRF process is tamper-proof”

Blockchain innovations leading to fairness for users, more open markets

This kind of innovation and work is exactly the kind of fair-market methodology that LuxFi brings to the table with its Asset-Backed NFT Marketplace. The assurance that users will trust and have faith in the systems they use is a shared common trait amongst both of our communities, a theme which is evident in every aspect of the HiFi ecosystem.

HIFI Gaming Society NFT’s include 1000 (#0–999) avatar characters built from 13 randomized attribute layers outlined below. Each avatar is uniquely identifiable and algorithmically generated for this rarity-based use, limited edition collector’s set. Learn more about these unique NFTs at HiFi Gaming Society GitBook (FAQ).

A Special Announcement for our Communities

On Tuesday, January 25th, both of our communities will be offered a special NFT giveaway and in order to participate you must stay tuned via our Twitter profiles for details.

About LuxFi

LuxFi is the world’s first asset-backed NFT marketplace for luxury assets, where people can buy, sell and invest in luxury assets using cryptocurrencies and traditional payments. We eliminate counterfeiting while minting an NFT on a multi-chain blockchain network, with a focus on luxury assets that hold value well and have a high resale value. Leveraging our big data intelligence system and unique algorithm for automated data collecting and data processing, the value of each NFT on our platform is backed by real-world data.

Stay Tuned On Our Social Media Channels

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Bridging the gap between real-world luxury assets and NFTs.

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