Nebula Integrates Chainlink Price Feeds to Help Ensure Its Multi-Chain NFT Wallet References Accurate Price Data

We’re excited to announce that Nebula Wallet — one of the first easy-to-use, multi-chain NFT wallets — has integrated Chainlink Price Feeds on Ethereum and Solana mainnet. By integrating the industry-leading decentralized oracle network, Nebula has access to high-quality, tamper-proof price data needed to display accurate USD conversion rates. This will provide our users with stronger assurances that the multi-chain NFT wallet is a reliable source of price data, helping collectors make informed decisions.

Our initial integration involves the use of the following Chainlink Price Feeds: ETH/USD and SOL/USD. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

By converging diverse collector token activity, Nebula aims to be the most NFT-compatible multi-chain wallet. Through an equally blockchain-agnostic approach, Nebula provides unparalleled access to multi-chain dApps.

Features of the Nebula wallet include:

• The ability to monitor NFT portfolios on different blockchains
• Usernames [Pseudonyms]
• Multi-chain NFT marketplace data
• Multi-chain NFT support(multi-token standard)
• Create and Share Clusters (user-custom NFT albums)
• Multi-chain Dapp browser

In order to help secure the delivery of real-time NFT price data to our NFT wallet, we needed access to fresh asset prices that are supplied directly on-chain in a highly reliable manner. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we needed to make use of an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:

• High-Quality Data - Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
• Secure Node Operators - Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
• Decentralized Network - Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
• Reputation System - Chainlink provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.

“As long as the Internet exists, Internet money can never be ignored. With Chainlink Price Feeds, we can be confident that we are building contextual NFT infrastructure with the right set of tools. The integrity, consistency, and availability of price data provided by Chainlink allows us to, directly and indirectly, realize loftier use cases for our users.”

Immanuel Ifere, [ Software Lead at Nebula]

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

About Nebula

Nebula is an easy-to-use, multi-chain NFT wallet that unlocks superior NFT portfolio management features for collectors. It allows users to interact with tokens and NFTs from different blockchains.

Nebula is on a journey to become the best NFT wallet, providing easy and flawless experiences to all users, even if you are a Noob. Like many other wallets, you can send and receive NFTs and crypto, but a key feature of Nebula is its versatility across blockchains, delivering unique and contextual utility. With one app, you can send, receive and swap Ethereum, Solana and stable coins like DAI and USDC. You can also view, store, receive and send NFTs on the Ethereum and Solana chains.

Learn more about Nebula by visiting nebulawallet.io and follow us on Twitter and Telegram to keep up with the latest.