Cryptocurrency

Nexo-backed NFT technology provider, MetaQuants, launches real-time appraisal algorithm for NFTs

To facilitate real-time collateral valuation for NFT, marketplace, and wallet analytics, MetaQuants, a provider of NFT solutions backed by Nexo, has launched an algorithmic product.

According to a press release shared with CryptoSlate, the alpha version of the new algorithmic product is designed to help with NFT lending, market, over-pricing, and market manipulation penalties. This algorithmic product is therefore well suited for Nexo’s future non-custodial infrastructure.

Backed by Nexo’s financial and strategic investment, MetaQuants recently launched a number of solutions aimed at promoting transparency, accuracy and risk management in the volatile virtual space. .

Additionally, MetaQuants recently launched a funding round to raise funds that will allow it to expand its team and product offerings.

It’s worth noting that Nexo, as the leading regulator of digital assets, believes in real-time mark-to-market NFT algorithms. This algorithm provides efficient valuation estimates of assets vulnerable to market manipulation for retail and corporate customers. In particular, a new solution by MetaQuants will enable implementation of such technology and may be adopted by Nexo.

Over time, the company has made efforts to expand its presence across Asia. signed A term sheet with Singapore-based blockchain startup Vault on a potential acquisition.Additionally, Nexo interest We acquired the assets of Celsius last June due to market conditions ravaging the cryptosphere.

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