Chainlink announced via Twitter on Wednesday that JPEG’d, a novel protocol bridging the gap between DeFi and NFTs, is secured by Chainlink NFT Floor Pricing Feeds on Ethereum mainnet. By leveraging floor price feeds across a number of “blue-chip” NFT collections such as Cryptopunks and Bored Ape Yacht Club, JPEG’d enables users to take out loans using their NFTs as collateral, the team explained.
Chainlink NFT Floor Pricing Feeds help provide users with stronger assurances that loan amounts and liquidations will be determined according to highly secure and accurate NFT floor price data.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by less than 1% over the past 24 hours and is trading at $7.814 at press time.