>CEO and founder of Chainlink, the company that provides crypto price oracles, Sergey Nazarov told Cointelegraph that he does not see Coinbase’s new venture as competition, but more of a complimentary product:
>“We have known about it for months. This came out of a hackathon that was won by Compound. Probably, what will end up happening is that we’ll consume their API.” He also noted that the “signature” refers to a regular API signature and not related to a blockchain infrastructure. Furthermore, Nazarov believes that the fact that Coinbase is getting into this space is a sign that blockchain data oracalization is a growing industry segment, and the demand for such services will increase. He did not rule out the possibility of partnering in the future with Coinbase on price oracle infrastructure.
