Chainlink oracles launch NFT monitoring service

The developers of the Chainlink oracle network announced the launch of their own Ethereum-based service that will help monitor non-fungible tokens. It will be called NFT Floor Pricing. The algorithm will support aggregation from Coinbase. At the moment, the service supports the 10 most popular collections of NFT tokens. This list includes Bored Ape Yacht Club, CloneX, Azuki, Cool Cats and more.

With the help of the new service, implemented using the Chainlink oracle infrastructure, customers will be able to constantly monitor the actual price changes. Thus, the developers of NFT Floor Pricing hope to contribute to the development of the NFT sector. According to their idea, the industry of non-fungible tokens, thanks to the emergence of such a service, will be able to become more stable and not succumb to artificial market manipulations.

Anyone can use the service. Users will also be able to use the floor price data they receive for alternative purposes outside of the NFT token segment.

Despite the fact that now the number of monitored collections is ten, according to the developers, this list will be expanded and new collections will be available to users with each update. In the future, even collections that go beyond the Ethereum blockchain, such as Solana or Avalanche and others, may appear.