NFT
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ConsenSys announced the choice of NFTBank to provide pricing information for more than 5,000 NFT collections owned by MetaMask cryptocurrency wallet users.
Recognizing the importance of information on the prices of non-fungible tokens, MetaMask launched an NFT portfolio that informs users about their holdings and their current value.
NFTBank’s solution is based on a statistical system based on machine learning capable of generating price predictions for individual collectible tokens with at least 90% accuracy.
To determine the value of the price for each specific NFT in the collection, factors such as the minimum price, the rarity of the item, as well as the distribution of supply and demand parameters are taken into account.
“The goal of the partnership is to help users make smarter decisions about their NFT portfolio. The need to understand the right price became even more evident when many learned the hard way about the sharp volatility of the markets,” the joint statement said.
Previously, NFTBank’s NFT valuation solution was used by Chainlink, NFTfi, Pine, Stater, and Unlockd Finance for their users.
In October, the MetaMask team announced the launch of a service that allows you to purchase crypto assets directly from bank accounts through the wallet user interface.
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