Chainlink enters the NFT space! Launches NFT floor price data service, now providing data for 10 blue-chip projects.
Chainlink, a decentralized oracle network, has provided data for over 1,000 protocols since its development in 2018. Just yesterday, Chainlink announced the launch of NFT Floor Pricing Feeds, officially expanding its services into the NFT space.
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Chainlink Provides NFT Floor Price Data
According to a Chainlink announcement on Twitter, the Chainlink NFT floor price quoting feature has been launched on Ethereum, currently providing data for 10 NFT projects. Chainlink states that these projects have robust liquidity across markets and high-quality pricing data. The complete list is as follows:
- Azuki
- BAYC
- CloneX
- Coolcatsnft
- Cryptoadz
- Cryptopunks
- Doodles
- MAYC
- VeeFriends
- World of Women
This feature is designed to provide the lowest price data for projects, aggregated by Coinbase Cloud and supported by Chainlink algorithms, to eliminate overly extreme prices and make the data resistant to market manipulation.
By accessing NFT data, it can be used to develop more diverse NFT-related DeFi protocols. Chainlink gives examples such as using Azuki for loans, creating index funds for NFTs under Yuga Labs, or establishing prediction markets for NFT prices.
"NFT projects, welcome to the world of DeFi," Chainlink said.