Chainlink x Coinbase Cloud NFT Floor Price Feeds Are Now Available on Ethereum Mainnet

Chainlink, in collaboration with Coinbase Cloud, has launched NFT Floor Price Feeds on the Ethereum mainnet, providing high-quality price data for ten major NFT collections. This development aims to bridge the gap between decentralized finance (DeFi) and the NFT economy by enabling developers to integrate NFTs into DeFi protocols securely. The feeds deliver reliable pricing data using a decentralized oracle network and Coinbase Cloud's pricing methodology, addressing the challenge of obtaining accurate NFT valuations. This advancement is set to unlock new possibilities in NFT finance, such as lending platforms, index creation, prediction markets, and derivatives, thereby accelerating innovation and participation in the Web3 space.

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