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Nexo-backed MetaQuants launches a new cutting-edge NFT pricing algorithm

CoinJournal

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MetaQuants has launched a real-time appraisal algorithm for non-fungible tokens (NFTs).

Nexo-backed NFT technology provider MetaQuants has announced the launch of its new cutting-edge NFT pricing algorithm.

According to the press release shared with Coinjournal, the alpha version of the product is optimised for NFT-backed lending, penalising overpricing and market manipulations (known as wash trading).

MetaQuants is one of the first NFT-focusd projects incubated by Nexo Ventures. MetaQuants was part of & Nexo’s $150 million Web3-focused investment fund, which saw& Nexo provide a grant and strategic guidance to the MetaQuants team, empowering them to turn the solution into a standalone product.

As a leader in the& NFT lending space, Nexo realised the need for a real-time mark-to-market NFT algorithm that provides reliable valuation estimates for assets that are illiquid and prone to market manipulation.&

MetaQuant’s pricing algorithm can be crucial to Nexo’s upcoming non-custodial infrastructure, including but not limited to a self-served NFT lending product.

MetaQuants is currently in the process of raising seed funding, and the team is focused on putting together institutional-grade appraisal and risk management tools for NFTs.&

The team believes that the full-scale product could be used as a real-time collateral appraisal for various types of NFT assets, marketplace, asset under management estimates for NFT portfolios, and wallet analytics.&

MetaQuants’ solutions intend to bring further transparency, accuracy, and risk management to a space that is volatile and needs a reliable solution.

Nexo is the world’s leading regulated digital assets institution, with over $4 billion in assets under management. The company’s mission is to maximise the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients.&

Meanwhile, MetaQuants is the best-in-class technology provider for institutional-grade real-time NFT appraisal and risk management solutions. Driven by its team’s conviction in the narrative of NFT financialisation, the firm is building the analytics infrastructure for the future of finance.&

The post Nexo-backed MetaQuants launches a new cutting-edge NFT pricing algorithm appeared first on CoinJournal.


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