Today Curate announced that they have partnered with Chainlink to integrate the decentralized price oracle in their marketplace for XCUR/ETH. This integration is meant to ensure NFT assets and services priced in ETH can be purchased at current exchange rates with their native XCUR token.
Curate NFT Marketplace To Integrate More Chainlink Services
Curate is a decentralized marketplace app centered around the theme of content discovery. It uses blockchain technology to reward users for their contributions to the system with digital tokens like BTC, ETH, and its native token XCUR. With the help of the Chainlink price feed, Curate will be able to price NFT assets and services on the platform reliably. Additionally, Curate plans to integrate even more Chainlink oracle services for the launch of the Curate NFT Marketplace to allow for NFT metadata, marketplace stats, and real-time price updates.
Curate Relies On Time-Tested Blockchain Oracle Chainlink For Pricing
In their press release, Curate elaborated on why they chose the Chainlink price feed, pointing out the critical features that won their trust. First of all, being blockchain agnostic, any new blockchain integration would be quite straightforward for Chainlink. This would mean that Curate would be able to expand into new blockchain environments easily if required.
Founder & CEO at Curate, James Hakim stated,
“I’m excited to integrate Chainlink oracles for secure price data and soon for a variety of other price feeds and datasets to support the growth of the Curate NFT marketplace. This integration is the first step in ensuring Curate users receive fair and accurate prices for in-app activities.”
Other factors include high-quality data sourced from premium data aggregators, a decentralized network of independent Sybil-resistant Oracle nodes that secure the price feeds, and a completely decentralized infrastructure.
Head of Partnerships at Chainlink Labs, Daniel Kochis said,
“We’re happy to support Curate in providing their users with precise, tamper-proof price feeds so they can create a transparent and fair user experience. We look forward to providing more data feeds to the Curate Marketplace as it grows to support new types of digital goods. ”
Chainlink is a decentralized oracle network founded in 2017 by Sergey Nazarov. It provides real-world data used to feed information to applications in decentralized finance.
Curate is a marketplace app that uses blockchain technology as a payment infrastructure and rewards users for their contribution to its ecosystem. The platform is centered around the theme of content discovery on gaming, clothing, cryptos, and much more. XCUR is a native token of Curate.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.