LuxFi Will Launch a Chainlink Node to Bring Luxury Assets Data On-Chain
LuxFi Will Launch a Chainlink Node to Bring Luxury Assets Data On-Chain.
LuxFi’s Chainlink node will provide a variety of datasets about the luxury market, such as SKUs, primary and secondary market prices, and market trends. The data can be used by smart contract developers and blockchain-enabled luxury goods companies to build various decentralized applications like providing markets insights using our data intelligence, and pricing luxury goods on-chain so they can be tokenized, traded, and used as collateral for DeFi applications.
LuxFi’s data intelligence system is able to convert raw data from social media and sales channels, SKUs, and various luxury brands into valuable information and business insights for decision-makers. We leverage machine learning and image recognition to cleanse, curate, and build a robust database that’s useful to buyers, sellers, brands and retailers, and consulting firms in the luxury market industry.
About Chainlink
Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain.
About LuxFi
LuxFi is a real-world luxury asset-backed NFT DeFi solution: a new way to unlock the true value and increase the liquidity of the real-world luxury assets through our Layer-2 blockchain technology. We eliminate counterfeiting by minting an NFT on our platform and provide accurate NFT pricing that is backed by real-world data. LuxFi opens all the potential utility of idle luxury assets into decentralized finance powered by NFT.
