CoinShares launches Twitter bot to estimate the value of NFTs
The company has also developed a method for determining the “hype” around collections
16.10.2022 - 07:00
317
2 min
0
What’s new? Analytics company CoinShares has launched an experimental Twitter bot, CoinSharesNFTAI, which can calculate a “fair price” for each individual non-fungible token (NFT). The bot currently supports data for only 50 NFT collections, including Doodles, CloneX, Bored Ape Yacht Club, and Moonbirds. CoinShares noted that the company wanted to create an honest tool to help investors and traders.
[1/4] We are very excited and proud to announce the official launch of @CoinSharesNFTAI. A simple tweet can let you know how much an NFT might be worth.— CoinShares 👩🚀 (@CoinSharesCo) October 13, 2022
What else is known about the development? CoinShares also reported that it had created a special method for assessing the “hype” around NFT collections. Representatives of the analytics company told Decrypt.
“To evaluate the hype of a specific collection, we can count its followers on social media platforms, as well as the volume and value of past transactions,” the developers explained.
Test queries show that the bot takes about three minutes to process the data. CoinShares representatives also noted that the company has no plans to explore the NFT market, other than integrating this technology.
On October 14, the sale of actor Anthony Hopkins’ first NFT collection, The Eternal Collection, took place on the OpenSea marketplace. The tokens were sold out in less than seven minutes, with the platform experiencing technical issues due to high demand. The collection itself includes more than 1000 tokens with references to Hopkins’ roles, including Silence of the Lambs.
Useful material?
Market
To advance crypto-friendly regulation, Trump’s party needs to win a majority in the Senate
Oct 18, 2024
Incidents
The regulator believes that the court erred in not recognizing retail sales of XRP as securities transactions
Oct 18, 2024
Market
The leader was the Solana network, with 100 million active addresses per month
Oct 17, 2024
Crypto regulations
Amendments to the regulation of financial institutions have been published for public discussion until October 30
Oct 16, 2024
Market
Over the past four years, the company’s shares have grown by 1540%, while the index has gained only 111%
Oct 16, 2024
Incidents
Over the last 24 hours, the asset has updated its all-time high at $2,34
Oct 15, 2024