Logo
  • Press Releases
    • Technology Press Release
    • Social Pluggs
    • Press Releases
    • Legal Press Release
    • Home Decor Press Release
    • Health Press Release
    • Featured Stories
    • Entertainment & Lifestyle Press Release
    • Business News
    • Blog Stories
  • News
  • Video News
  • Create Account

Truflation Releases Price Indexes For Major NFT Collections


New York, NY, June 16, 2022 (GLOBE NEWSWIRE) — The team behind Truflation, the world’s first independent US inflation metric, has released 16 new NFT price indexes for major NFT collections, including BAYC.

Truflation’s newest indexes were announced at the Consensus 2022 conference in Austin,TX by Truflation Founder Stefan Rust. “The infrastructure supporting the NFT space is still developing. We are excited to be launching several new NFT oracles supported by Chainlink that help unlock innovative smart contract applications and incorporate high-quality NFT price data into the web3 infrastructure. This will contribute to the adoption and utility of the entire ecosystem,” he said.

The indexes are available on the Chainlink Marketplace and can stream data such as the collections’ current mode prices (the most common price per collections of NFTs over the last 7 days), the circulating supply, and the market caps (calculated as mode price * circulating supply) directly to smart contracts and web3 applications.

Truflation also added a unique feature on the Chainlink network that allows users to quickly add custom data streams and personalized indexes to on-chain oracles.

The Role of NFT Indexes

NFTs have gained incredible popularity in the last two years thanks to their unique ability to store and transfer the ownership of digital art, music, collectibles, and more on the blockchain. NFT price indexes aim to facilitate valuation, portfolio tracking, lending and borrowing, and the collateralization of non-fungible tokens (NFTs).

The Top 11 NFT Index

Previously, the team rolled out the Top 11 NFT, which consists of the 11 biggest NFT collections (ERC721) on Ethereum, updated every quarter to include the most popular collections without being affected by temporary outliers.

The oracle streams the price index benchmarked to January 1, 2022, its 24-hour percentage price change, and a 30-day percentage price change.

For Developers, By Developers

The individual NFT collection data supplied using Chainlink oracles are available to blockchain developers for incorporating into novel DeFi and Web3 applications. Initially, the index will be rolled out on the Ethereum mainnet, followed by BNB Chain, Polygon, Solana, Laguna, and other layer-2 solutions.

Truflation takes a developer approach to create more and more real data- and market-driven price indexes and is created for developers by developers.

NFT Price Index Use Cases

Developers can incorporate the NFT price indexes into their apps to help users navigate NFT collections better or develop exciting NFT use cases, such as:

  • NFT borrowing and lending platforms
  • NFT portfolio management tools
  • NFT futures and options markets, etc.

With the emerging dynamic NFT market, NFTs of the future could potentially come with their indexes already incorporated and linked to live oracle data streams to help better track the prices and market caps of the NFT collections.

About Truflation

Truflation is a…



Source link

  • Diggit
  • Pinterest
  • Twitter
  • Linkedin
  • Google+
  • Facebook
  • Reddit
  • Stumble

Related posts:

Redesigned 2014 Mazda6 Rakes In End-of-Year Awards Founder of $315M Meiomi Brand to Kick Off Wines & Vines Packaging Conference In An Accident With No Seat Belts You Need To Speak To A Car Accident LawyerIn An Accident With No Seat Belts You Need To Speak To A Car Accident Lawyer Fact-Checking 21 Beliefs About MammogramsFact-Checking 21 Beliefs About Mammograms
June 16, 2022   Editor
Editor June 16, 2022 1:00 pm
Press Releases
×

Categories

  • Automotive PR
  • Blog Stories
  • Business News
  • Criminal Law
  • Dallas
  • Employment Law
  • Entertainment & Lifestyle Press Release
  • Events
  • False Clam Act
  • Featured Stories
  • Google Hangouts
  • Health Press Release
  • Home Decor Press Release
  • Legal Press Release
  • News
  • Personal Injury Law
  • Press Releases
  • Press Releases
  • Restaurant & Dining
  • Rising Star
  • Social Pluggs
  • Sports
  • Technology Press Release
  • Twitter
  • Video News
  • West Palm Beach

Recent Press Releases

  • Truflation Releases Price Indexes For Major NFT Collections June 16, 2022
  • LBank Exchange Will List TGK GOLD (TGK) on June 17, 2022 June 16, 2022
  • Ocean Falls Blockchain Engages Award-Winning Planning and Design Firm to Explore Digital Twinning Initiative June 16, 2022
  • Some high-profile crypto investors believe bottom is near as Bitcoin and Ether prices rebound June 16, 2022
  • Successful Exhibition, Inspiring Speaking Session, and Full-House Afterparty June 16, 2022
  • Crypto Finance to Support Tron Blockchain and Its Native Token June 15, 2022
  • Crypto fund managers believe Bitcoin could go as high as $100K by yearend, says PWC report June 15, 2022
  • Deeper Network, Wins the Silver in the Web3 Pitch Fest in the Consensus 2022 June 15, 2022
  • Deeper Network, Wins 2022 Stanford-Harvard-MIT Championship for Future Tech Startup June 15, 2022
  • Top Cryptocurrency Exchange Bybit Reduces Margin Requirements with Portfolio Margin Mode June 15, 2022
  • WonderFi Announces Conditional Approval to List on the Toronto Stock Exchange June 15, 2022
  • Top crypto exchanges in South Korea team up to prevent another Terra type collapse June 15, 2022
  • MetaMerce (MERCE) Is Now Available for Trading on LBank Exchange June 15, 2022
  • MetaDecrypt Holds First Web 3.0 Summit at Museum of Future in Dubai, UAE June 14, 2022
  • Luxtto (LXTO) Is Now Available for Trading on LBank Exchange June 14, 2022
  • CUBE 2.0 Unveils Their New Service Roadmap and Tokenomics June 14, 2022
  • Pudu Robotics Joins World AI Show & Awards as Robotics Partner June 14, 2022
  • CUBE 2.0 Reveals New Aspects of the Project’s Whitepaper June 14, 2022
  • Nigeria’s NASD to Deploy Digital Securities Market by Leveraging Blockstation Platform Following SEC Rulebook June 14, 2022
  • LBank Weekly Listing Report, 13th June 2022 June 14, 2022

Share Buttons

  • Diggit
  • Pinterest
  • Twitter
  • Linkedin
  • Google+
  • Facebook
  • Reddit
  • Stumble

Tags

Boca Car Accident Lawyer business charity cosmetic surgery dallas dallas criminal defense lawyer digital marketing eBooks education Entertainment facebook finance florida google HVAC Contractor indoor air quality iPhone King Mohammed VI lender marketing Missguided MOROCCO mortgage Music nfm lending NFM Salute online forms Parcel2Go parcel delivery Philadelphia car accident lawyer real estate Royal Thai Army search engine optimization seo Small Business Social media Southern Surgical Arts technology Texas Texas criminal defense lawyer Thai Army Thailand The Harley Medical Group twitter Zara Tours

Old Stories

Copyright © 2022 Submit123PR | Press Release Service
Simple Share Buttons