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MetaQuants has launched a real-time evaluation algorithm for non-fungible tokens (NFTs).
Nexo-backed NFT technology provider MetaQuants has announced the launch of a new state-of-the-art NFT pricing algorithm.
According to a press release shared with Coinjournal, the alpha version of the product is optimized for NFT-backed lending, penalizing over-pricing and market manipulation (known as wash trading). I’m here.
MetaQuants is one of the first NFT-focused projects launched by Nexo Ventures. MetaQuants was part of his $150 million Web3-focused investment fund at Nexo. Nexo Provide grants and strategic guidance to the MetaQuants team, empowering them to transform their solutions into standalone products.
as the leader of NFTs Nexo has recognized the need for a real-time mark-to-market NFT algorithm that provides reliable valuation estimates for illiquid and manipulation-prone assets to secure lending space.
MetaQuant’s pricing algorithm could be important for Nexo’s future non-custodial infrastructure, including but not limited to self-service NFT lending products.
MetaQuants is currently in the process of raising seed funding and the team is focused on putting together institutional-level assessments and NFT risk management tools.
The team believes that the full-scale product can be used as a real-time collateral valuation for various types of NFT assets, markets, estimating assets under management for NFT portfolios, and wallet analytics.
MetaQuants’ solution is intended to bring greater transparency, accuracy and risk management to a field that requires volatile and reliable solutions.
Nexo is the world’s leading regulated digital asset institution, with over $4 billion in assets under management. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products including advanced trading solutions for individual and institutional investors.
MetaQuants, meanwhile, is a best-in-class technology provider of institutional-level, real-time NFT assessment and risk management solutions. Driven by the team’s belief in the financialization of NFTs, the company is building the analytics infrastructure for the future of finance.
