NFTBank is a portfolio manager and NFT valuation engine based on an advanced ML model covering 5000+ projects with over 90% accuracy. Their valuation APIs provide users with the most accurate snapshot of their portfolio's value, allowing them to make informed decisions.
NFTBank has strived to provide accurate NFT valuations that serve as the foundation for creating NFT-based financial derivatives. Today, NFTBank has become the go-to NFT valuation solution for key projects including MetaMask, Chainlink, X2Y2, NFTfi and Arcade.
NFT valuation engine
NFT pricing is a complex issue; not only is each NFT unique, but data on sales transactions are extremely limited. While many NFT protocols rely on floor prices to value NFTs, there are obvious limitations because minimum prices do not reflect the premium value of the rarest NFTs.
NFTBank addresses this problem by using proprietary data called Estimated Price. By developing an ML model that analyzes NFT metadata and sales history, NFTBank has created a valuation model that is much more efficient than floor price. As the model evolved, they developed techniques to most accurately predict individual assets, such as applying different weights to trait values, categories, groups of trait values, timing of sales, etc.
With price information on NFTs, you can build financial protocols on top of NFTs just like any other asset. There are two types of pricing information: Floor Price and Estimated Price. While NFTBank is best known for its Estimated Price API, their Floor Price API is also special. The Floor Price model provided by NFTBank in real-time is aggregated from three different trading marketplaces (OpenSea, X2Y2 and LooksRare) and is therefore closest to the actual price in the market.
With the Metadata API, you can decompose the trait information of a collection of NFTs or even individual NFTs down to the smallest detail. Get data on the type and number of traits to help your audience make more informed decisions.
The Market Status API provides you with all the information you need to understand the market trend of NFTs. With the Listing and Trading API, you can determine how many NFTs of a particular collection were listed/traded in the market on a particular date.
The Statistics API, on the other hand, gives you the minimum, maximum and average price of NFTs sold on a particular day.
The NFT Acquisition Info API tracks account data about NFT sales , buyer, seller and NFT price at the point of sale.
NFT price oracle use cases
NFT lending protocols
In P2Pool protocols, lenders provide liquidity to a common pool based on a collection of NFTs so that borrowers can get an instant loan. Instantaneous borrowing is possible because, unlike P2P, P2Pools typically use an agreed price for a collection of NFTs: the floor price.
The share of the pool that each lender owns is proportional to the amount of interest each lender gets back when borrowers repay their principal + interest. Here are some of the lending protocols that are built on top of the NFTBank API: Arcade.xyz, NFTfi, Pine, Unlockd Finance.
BNPL Platforms
BNPL (Buy Now, Pay Later) allows a person to purchase an item through a third party and then pay them interest. This allows person A to buy something expensive in small increments over a period of time, reducing the financial burden of having to make a huge purchase all at once.
Cyan uses NFTbank tools in its products
