NFTbank is using Chainlink to deliver price data for CryptoPunks and Bored ApeYC NFTs to on-chain smart contracts

NFTbank is using Chainlink to deliver price data for Crypto Punks and Bored Ape Yatch Club NFTs to on-chain smart contracts.

Chainlink enables NFTBank’s existing APIs to easily become compatible with leading blockchains. By using Chainlink, NFTBank is able to supply data on-chain and sell it to smart contract applications.

NFTBank delivering CryptoPunk and BAYC data on-chain via Chainlink allows smart contract developers to create decentralized applications that rely on an aggregation of data sources for NFT market data while tapping into market demand for data feeds. Developers can use new NFT pricing tools to open up new NFT use cases such as using these two flagship NFT collections as collateral for DeFi loans or establishing market value for fractionalized ownership NFT models.

NFTBank is an NFT portfolio management system that aims to improve the visibility of user NFT purchases, yield-based returns, and overall inventory value. In the long term, NFTBank looks to expand the NFT ecosystem by providing quality tools that unlock high-potential use cases around NFTs.

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

About NFTBank

NFTBank is a leading NFT portfolio management service that drastically improves visibility to NFT portfolios spread across different wallets and blockchains. NFTBank is powered by its in-house price prediction model that uses historical sales data and NFT metadata to accurately predict market value of individual NFTs. NFTBank continues to build tools that empower NFT investors, creators, guild managers and scholars.

➡️Source:
https://medium.com/nftbank-ai/partnership-announcement-nftbank-delivering-nft-market-data-on-chain-via-chainlink-oracle-network-38032b8cf165

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