MetaQuants, an NFT expertise supplier backed by Nexo, has launched a real-time appraisal algorithm for non-fungible tokens (NFTs), Invezz realized from a press launch. The platform has optimized the alpha model of the product for NFT-backed lending, punishing overpricing and wash buying and selling, a type of market manipulation.
MetaQuants originated from a knowledge science hackathon and is the flagship mission to be incubated by Nexo Ventures, a Web3 funding fund value $150 million.
A grant and strategic steerage
Nexo has supplied the crew with a grant and strategic steerage, letting it rework the award-winning resolution into an autonomous product.
Nexo, the pioneer of over-the-counter NFT lending, discovered a necessity for a mark-to-market NFT algorithm working in actual time. The algorithm they launched supplies dependable estimates of illiquid asset worth. This is essential as a result of such property are weak to market manipulation.
Help for Nexo’s non-custodial infrastructure
MetaQuants’ resolution would possibly help Nexo’s upcoming non-custodial infrastructure relying on how the mission’s backtesting outcomes look. This features a self-served NFT lending product.
Constructing top-quality danger administration instruments for NFTs
MetaQuants, who’re elevating funds for a seed spherical in the intervening time, are centered on growing top-quality NFT evaluation and danger administration instruments. One can use the full-scale product to appraise all types of NFT property in real-time, analyze markets and wallets, and supply administration estimates of NFT portfolio property.
On a mission to enhance accuracy and transparency
MetaQuants’ options goal to deliver additional accuracy, transparency, and danger administration to a unstable and unpredictable house. Their flagship merchandise embrace a Assortment Flooring Worth Oracle, an NFT Pricing Algorithm, and an Analytics and Danger Administration Platform.