CoinShares launched a bot that calculates the fair value of NFTs

by dapp_writer005

4 years ago

European marketplace that manages crypto assets, CoinShares introduced a pilot project on Thursday - an artificial intelligence (AI) bot that helps traders to determine the objective price of certain NFTs.

This project is called CoinSharesNFTAI. The project brings together a variety of datasets that provide the client with what CoinSharesNFTAI considers a fair price for a list of the best nft collections on OpenSea. This is the most popular NFT trading platform. In order to use the bot, you will need a link to a specific non-fungible asset that you are interested in. It can be obtained from OpenSea, and after that, you must make a post on twitter, mentioning the name of the bot. At the same time, CoinSharesNFTAI will give an answer with an approximate value of the "fair price" of NFT.

On a weekly basis, the program compiles an algorithm that calculates prices for the "latest collections".

The algorithm of this bot is based on a hedonic model that collects price indices from a data pool of "thousands of nft transaction records". CoinSharesNFTAI uses the official Opensea API to download specific nft collection sales data.

The creators of the bot noted that this prototype uses a relatively small amount of data, compared to a large number of various indicators that exist in the NFT market. Therefore, it cannot be the "last resort" in the formation of the value of the coin.

You can use this bot to experiment with nft and collections. In order to make the final decision "buy or sell", this bot is not suitable.Representative of the developers

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

BotPsy Sets New Standards in AI Performance Benchmarks

Tether's QVAC BotPsy has achieved impressive scores in AI performance benchmarks, scoring 440 on BFCL v4 and 587 on ACEBench, surpassing larger models and demonstrating the potential of smaller AI models.

Miguel Rodriguez11 hours ago

Tether Launches Innovative AI Model QVAC BotPsy

Tether introduces QVAC BotPsy, an AI model with 800 million parameters that excels in performing everyday tasks on personal devices.

Rajesh Kumar11 hours ago

CoreWeave's Strong Q3 Performance Boosts AI Sector Sentiment

CoreWeave's strong Q3 results have increased investor sentiment in the AI sector, reporting $366 million in revenue, a 168% year-over-year increase, and raised full-year guidance.