Seoul, Korea, second November, 2022, Chainwire
NFTBank has been selected by means of Metamask, the main Web3 pockets, to energy pricing data for 5000+ NFT collections owned by means of Metamask customers.
NFT pricing is a fancy factor; no longer simplest is each and every NFT distinctive, however gross sales transaction knowledge may be extraordinarily restricted. NFTBank has sought to take on this factor from the earliest days of NFTs. The years of labor resulted in a complicated Gadget Studying-based statistical set of rules to offer worth estimates for particular person NFTs with 90+% accuracy. It makes use of data equivalent to ground worth, rarity, and bid/ask distribution to compute a unmarried worth worth for any given NFT in a suite. NFTBank provides pricing data for over 5,000 NFT collections and makes them to be had each with APIs and its personal devoted app.
Whilst the NFT phenomenon obviously organising itself in 2021, infrastructure for NFT holders continues to be lagging. As an example, whilst customers can see their transactions and portfolio worth for ERC-20 tokens, that is a lot tougher for NFTs.
Spotting the significance of NFT worth data for its customers, Metamask is launching a brand new NFT portfolio product that higher informs its customers in their NFT holdings and their worth and determined to make use of NFTBank’s worth estimate as the cost usual. Because of Metamask’s upcoming NFT portfolio enjoy, NFT holders can see their NFT portfolio’s worth at a look, powered by means of NFTBank’s ML-based worth estimates.
“The will for working out the precise worth of NFTs has change into ever extra transparent with many studying the dramatic volatility of NFT markets the laborious means, and concurrently studying the opportunity of NFTs as a brand new virtual asset elegance,” stated Daniel Kim, the CEO of NFTBank. “NFTBank’s NFT worth knowledge might be powering Metamask’s new NFT integration, serving to customers to make knowledgeable choices on their portfolio.”“MetaMask continues to offer a wealthy NFT Enjoy, and enabling pricing data for our customers throughout the portfolio dapp is every other step ahead; starting lately, our customers can get real-time worth updates and values in regards to the NFTs they’ve got throughout all accounts to allow them to make knowledgeable choices.NFTBank has confirmed itself as the perfect spouse to allow this selection on account of its refined machine-learning fashions and powerful infrastructure features that may enhance MetaMask’s scale with a view to supply a constant enjoy for tens of millions of MetaMask customers.”
– Kai Huang, Product Supervisor, MetaMask Portfolio dApp
NFTBank has already change into the NFT valuation answer for key tasks within the scene, equivalent to Chainlink, NFTfi, Pine, Stater, Unlockd Finance. NFTBank is supported by means of Hashed, DCG, and different companions and traders.
About NFTBank
NFTBank is an NFT portfolio control instrument and valuation engine, permitting customers to make knowledgeable choices about their NFT portfolio and allow complex DeFi use instances.
NFTBank’s ML-powered NFT valuation engine covers 5000+ tasks with prime accuracy. You’ll be able to to find extra details about NFTBank at https://nftbank.ai/welcome .
Touch
Head of Product
Jen Kim
jen@nftbank.ai
