November 7, 2022<\/p>\n\n\n\n
By Sharan Kaur Phillora<\/p>\n\n\n\n
Metamask announced a partnership with NFTBank to provide users with NFT portfolio values. The action intends to address the long-standing issue of notifying NFT holders of the value of their NFTs. Although users may easily determine the value of their cryptocurrency portfolio, the unique nature of NFTs makes valuation challenging.<\/p>\n\n\n\n
Here’s what we know:<\/strong><\/p>\n\n\n\n Using a machine learning system, NFTBank generates values that are 90% accurate. The method determines a particular value for the NFT by taking into account variables such as the collection’s floor price, the NFT’s rarity score, and the bid\/ask distribution.<\/p>\n\n\n\n \u201cThe need for understanding the appropriate price of NFTs has become ever more clear with many learning the dramatic volatility of NFT markets the hard way, and simultaneously learning the potential of NFTs as a new digital asset class,\u201d said Daniel Kim, the CEO of NFTBank.<\/p>\n\n\n\n According to MetaMask, the NFTBank API will be integrated directly into users’ Web3 wallets, allowing NFT holders to quickly view the value of their portfolios. The NFT pricing estimates provided by NFTBank will therefore be considered the “price standard” by MetaMask users, the most widely used Web3 wallet, with millions of users.<\/p>\n\n\n\n MetaMask also asserted in a statement that the goal is to provide users the ability to manage their NFT portfolios more effectively. However, it made no remark regarding the completion date of the integration between NFTBank and the MetaMask wallets.<\/p>\n\n\n\n About the author<\/strong><\/strong><\/p>\n\n\n\n Sharan Kaur Phillora\u2019s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology \u2013 two emerging technologies that will change how we interact with each other in the future. When she isn\u2019t exploring a new idea or concept, she enjoys reading literary masterpieces.<\/p>\n","protected":false},"excerpt":{"rendered":" November 7, 2022 By Sharan Kaur Phillora Metamask announced a partnership with NFTBank to provide users with NFT portfolio values. 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