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How to Build ML-Powered NFT Appraisals At Scale

How to Build ML-Powered NFT Appraisals At Scale

Research

3 months ago

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About Upshot

Upshot is a platform that aims to make NFT financial markets more accessible through machine learning and new types of DeFi x NFT primitives. It is the leading NFT appraisal platform, providing accurate, near-real-time appraisals for 74M+ NFTs from over 67,000 collections. By delivering accurate appraisals at unparalleled scale through machine learning, Upshot enables the creation of powerful solutions at the intersection of DeFi and NFTs.

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Determining What Matters for NFT Valuation

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Determining What Matters for NFT Valuation

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The Sotheby’s Ape Auction: How Upshot’s Appraisal Performed

a year ago

Research

The Sotheby’s Ape Auction: How Upshot’s Appraisal Performed

Sotheby’s Auction House recently hosted an auction of 101 Bored Ape Yacht Club NFTs in another milestone for crypto collectibles. Prior to the auction, Sotheby’s estimated the value of the collection at $12–18m. We ran our machine learning models to value the Bored Apes on offer and stored the estimate on the blockchain before the auction ended. We arrived at a valuation of $25.3m for the bundle. The winning bid? $24.4m.