The price feed of XCUR/ETH on Chainlink is now sponsored by the Curate team. This will result in the convenience of pricing Curate NFT Marketplace in Ethereum even when it is purchased at the current exchange rates with the help of the native token of the Curate, the XCUR. In addition, other projects operating in the ecosystem of DeFi can also leverage this opportunity to provide support to the XCUR.
Curate has carved a unique place for itself in the segment of payment infrastructure. The platform is specifically focused on discovering the content, and its native token XCUR offers a wide range of possibilities for the use cases both within and outside its ecosystem. Some of the important use cases include purchasing items, redeeming free shipping, and unlocking some magnificent discounts on the platform.
Curate NFT Marketplace will be live in the next couple of months, and the company is planning to add some more oracle services based on the Chainlink platform for NFTs. This will make the process of regular updation of data seamless on the platform. The reason behind the selection of Chainlink is apparent as the platform is well known for its time-tested reliability of oracle-based data in the cryptocurrency and blockchain industry. It is being used by several players across the NFTs and DeFi, with the total amount of locked value pegging in billions.
Both organizations expressed their happiness over this coming together and conveyed the hope that this partnership will become even stronger in the coming months. The partnership will create benefits for both the companies as they are expected to expand on their appeal and customer base due to this collaboration. The future will tell how much success this partnership will realize through this union and, importantly, how the prospective users in domains of DeFi and NFTs will react to this development.