Chainlink reaffirms its interest in the NFT market, thanks to…

ambcrypto.com:

Chainlink [LINK] rapidly expanded its scope in the last few years of its existence as the need for its services becomes more apparent. The blockchain network revealed that it aims to maintain the pace moving forward during this year’s SmartCon convention.

Chainlink reaffirmed its interest in the NFT market which is among the rapidly developing Web3 segments. The blockchain network announced as part of its product keynote that it would provide NFT floor pricing feeds to NFT users.

Coinbase and Cryptex Finance will be among the first partners to leverage Chainlink’s oracle data for NFT price feeds.

— Chainlink (@chainlink) September 29, 2022

In the same line of pricing feeds, Chainlink confirmed a collaboration with CF Benchmarks. The partnership will facilitate the rollout of a Bitcoin interest rates benchmark called CF Bitcoin Interest Rate Curve (CF BIRC) for a variety of securities.

The upcoming developments stand to be added to the growing list of Chainlink services. These are to collectively build up more use cases and utility for ChainLink’s LINK token.

The latter traded at $7.52 at press time and was trading 3.2% lower than its price of 30 September. Furthermore, its 30 September price of $7.69 was after the altcoin witnessed a 9.65% retracement from its weekly top.

Source: TradingView

The pullback happened after LINK retested its 0.236 Fibonacci level towards mid-week. An unsurprising outcome after the 30% upside it achieved from its