Decentralized price oracle network NEST Protocol has reached a strategic partnership with iNFT, the world’s leading one-stop exchange for NFT assets
iNFT will soon launch a number of NFT assets in NEST ecology when users can participate in the collection, trading and auction of NFT based on the underlying protocol of Ethereum blockchain. Also, both parties will explore the business application scenario and community governance mechanism of “DeFi+NFT” in order to give NFT assets more financial attributes.
In the future, the iNFT platform will also integrate the NEST oracle for price reference to make dynamic NFT assets generate deterministic prices on chain, adding reliable sources of price data for the transactions and thus optimizing the user trading experience.
Note: NEST Protocol is a decentralized price oracle network that solves the problem of price on-chain through a decentralized incentive scheme to ensure that off-chain prices are driven by on-chain data and provide fair and accurate data for asset pricing and market making.
iNFT is the world’s leading NFT asset trading platform which supports Ethereum’s ERC721 and ERC1155 protocols, using decentralized transaction aggregation to make NFT trading more secure, open and transparent.