Nick Emmons

## Background

Upshot is a platform that makes NFT financial markets more accessible through ML-based appraisals and access to new types of DeFi x NFT primitives. We are the leading NFT appraisal platform, providing accurate appraisals in near-real-time for 57m+ NFTs from over 32,000 collections. 

Leveraging novel machine learning models, Upshot provides near-real-time price feeds for NFTs regardless of how frequently they change hands. This creates a broad new frontier of NFT markets, enabling an entirely new class of financial primitives — from NFT indices to synthetics.

### Built by Leading Quants and ML Engineers

Historically, NFT pricing has been both opaque and unreliable. The value of entire NFT collections is typically distilled down to floor prices and past sales, which do not give any credit to the range of traits and rarities that comprise a collection. Previous approaches to improving NFT pricing have fallen short in creating liquid and more efficient NFT markets. 

At Upshot, we have assembled a team of leading ML engineers and quants to build the most advanced price models in the space. Our approach uses machine learning models trained on market data, NFT metadata, wallet grading indices, transaction graph analyses, metatraits, labels, and other relevant information, to generate accurate valuations for NFTs.

![upshot-appraisal-stats](//images.ctfassets.net/lhkcghnr8ql4/7dLIjWvIpPoRZFNUgK553H/157f0e6223bf86ccddccfd8bca905f3a/Upshot_stats__1_.png)

### Our NFT Pricing Models

Our ML-powered appraisals lead the NFT industry in pricing accuracy. A useful way to assess this is by measuring the “Median Absolute Percentage Error” (or MAPE) of our models. MAPE is the most generally accepted measure for assessing model accuracy in the space today and it tracks the error rate of appraisals at the median. For example, a MAPE of 12.4% means that, half the time, your appraisal is off by 12.4% of what the next sale price ends up being on the market. 

We consistently produce industry-leading models in terms of accuracy, with a 3-10% MAPE for our appraised collections. To date, we have appraised over 57 million NFTs across 32,000 collections. All of the NFTs we appraise are re-priced *every hour*, making these price feeds very useful and usable across a number of NFT financial applications. We’ll be releasing more specific information about how our pricing models work in the next week. In the meantime, read more about how our models have performed in the past with our appraisal of the [Bored Ape lot that sold at Sotheby’s last year](https://mirror.xyz/0x82FE4757D134a56BFC7968A0f0d1635345053104/C8NF3bsfYi0nWUMG247pGEu9x1Lwc37vpp9jLXx2Mus). 

## Introducing Upshot’s NFT Aggregator

[Upshot’s NFT aggregator](https://app.upshot.xyz) is live today! Our NFT aggregator is the first of several products we’ll be releasing over the coming weeks and months that build on top of our appraisal infrastructure to further expand the capabilities and accessibility of NFT financial markets.

You can think of our NFT aggregator as your homepage for smarter NFT interactions—everything from information and analyses to future NFT financial products. Our aggregator builds on top of our novel pricing infrastructure and advanced stats to enable more powerful interactions with NFT financial markets. Some of what our aggregator has to offer includes:

- Easy exploration and tracking of key market information across the NFT landscape
- Real-time market cap tracking based on Upshot’s appraisals
- Ability to find the best deals across collections
- Ability to identify smart collectors and hot collections that smart collectors are flocking to with high gmi scores
- Real-time NFT appraisal information
- Ability to buy NFTs across major marketplaces
- Ability to **************instantly sell************** NFTs across major marketplaces
- And much more

![upshot-home-page](//images.ctfassets.net/lhkcghnr8ql4/B5C0v1CKHsPFJQxLpI0ZZ/b28ee0a5025facce68b41ad3c87cedee/Screen_Shot_2022-11-10_at_12.19.20_AM.png)

### Real-Time Portfolio Tracking

Upshot’s portfolio tracker gives you live appraisal insights into anyone’s collection, with helpful information about their largest positions, most valuable NFTs, their gmi, and more. Appraisals update hourly, so you don’t have to worry about a portfolio valuation becoming stale.

![portfolio-tracking](//images.ctfassets.net/lhkcghnr8ql4/2utc7NDo8h4U737iRRL4Xx/36e9eb53cd07e857bf554fd0c5dd0a90/Screen_Shot_2022-11-16_at_1.14.50_PM.png)

### Find the Best Deals With the Help of AI

Our appraisals help find the best deals in the space so that you don’t have to do the heavy lifting.

![best-deals](//images.ctfassets.net/lhkcghnr8ql4/3SxdN6zEO0sTUCEWvr3wv5/f38fdbf078b0fe4155528eac37f52544/Screen_Shot_2022-11-10_at_12.20.35_AM__1_.png)

When browsing NFTs within a collection, you can sort by the % difference between our appraisal and the list price to bring the best deals straight to the top.

### Follow the (Smart) Money with Upshot’s gmi

We developed a novel grading index for NFT wallets called gmi that aims to identify the smartest collectors in the space. Wallets are given a score from 0-1000 (with that 1000 being the best score) based on how effective they have been in trading/collecting NFTs. Using gmi to help inform which collections you build positions in is useful as you traverse the NFT markets.

![holders-page](//images.ctfassets.net/lhkcghnr8ql4/3O8e2s1UBkSDmLM11blmwV/084d1ef22d5a35da347c6d0e4f2dd942/Screen_Shot_2022-11-10_at_12.21.08_AM.png)

You can learn more about how gmi works [here](https://upshot.xyz/faq).

### Buy NFTs instantly across major marketplaces

Upshot’s aggregator allows you to instantly buy and/or sweep NFTs across popular marketplaces in a single transaction. Today, the Upshot aggregator has aggregated listings across Opensea, LooksRare, SudoSwap and X2Y2.

![cart](//images.ctfassets.net/lhkcghnr8ql4/1QKwmrvaKw67WyTOImeV46/eac2124b3ec3730827565c0470b25e48/Screen_Shot_2022-11-10_at_12.25.48_AM.png)

### Buy NFTs instantly across major marketplaces

Upshot’s aggregator allows you to instantly buy and/or sweep NFTs across popular marketplaces in a single transaction. Today, the Upshot aggregator has aggregated listings across Opensea, LooksRare, SudoSwap and X2Y2.

![review-order](//images.ctfassets.net/lhkcghnr8ql4/14d93qOF2aBCzKZT1B3V7E/5adc7b647a5e73f51a302e2df22c22dd/Screen_Shot_2022-11-10_at_12.26.02_AM.png)

### Sell your NFTs Instantly

Just as you can buy NFTs instantly using Upshot’s aggregator, you can also sell your NFTs instantly. Aggregating open interest from Sudoswap pools and offers/ collection offers across marketplaces, you can now get the best price for your NFTs at the click of a button from liquidity across the space. Upshot works closely with [Reservoir](https://reservoir.tools) and leverages their powerful tools for aggregated liquidity to lead the industry with one of the first Instant Sell functions in an NFT aggregator.

![sell-instantly](//images.ctfassets.net/lhkcghnr8ql4/7zUPFhzuzFide4QQ0iBs2o/3a932faa30a74ff3e7ea9ae4a6b7ca31/Screen_Shot_2022-11-14_at_7.57.33_PM__1_.png)

### Upshot API

The Upshot web app is not the only way to get access to the data backing Upshot’s infrastructure and products. The Upshot API is a powerful way for products, protocols, and traders to get access to real-time prices for over 57 million NFTs. In addition to pricing data, the Upshot API provides other advanced stats, collection-level information, asset metadata, trait-level information, user information and much more. 

The following are some examples of things that are made accessible through the Upshot API:

- Real-time prices for any NFT from 32,000+ collections (~57,000,000 NFTs)
- Wallet-level insights, including a novel grading index for NFT wallets: gmi
- Up-to-date information around collections, traits, NFTs, wallets, and more
- Enhanced meta-trait Analysis
- Real-time market stats (e.g. volume, average price, floor price, market cap, etc.)
- Deal discovery: find the best deals among listed NFTs across marketplaces relative to Upshot appraisals

## Looking Ahead

We’re incredibly excited about the public launch of the Upshot NFT Aggregator, but we’re even more excited for the roadmap ahead. The Upshot team has been hard at work on a number of product lines that will change the game for the DeFi x NFT space and enable true access to NFT financial markets. Here’s a sneak peak at what is to come…

### NFT Lending

Soon we’ll be expanding beyond just support for NFT spot markets in giving users access to both aggregated lending markets as well as creating managed lending products built on advanced lending methodologies our quant and ML teams have been developing.

### NFT OTC Desk

We're aiming to make it easier to move in and out of large NFT positions through Upshot's NFT OTC desk.

### NFT Indices

We're developing index methodologies leveraging our predictive analytics, allowing people to track the NFT markets through professionally-crafted and managed NFT index products.

### Watch Lists

Upshot Watch Lists are where the real alpha is found. Look out for these to keep track of the hottest NFTs, collections, and wallets.

### Notifications

Ever feel like you are the last person to know? Upshot notifications give you real-time alerts when things are rapidly changing in the NFT landscape. This includes information around floor price changes, when wallets you watch are moving in and out of large positions, when the grail you’ve been eyeing finally goes on sale at a fair price, and more. 

### Multiple-Wallet Tracking

Upshot’s NFT aggregator will be your home to track your entire NFT collection across multiple wallets.

### Cutting-Edge Research

Our team of quants will be releasing publications related to floor price analyses, wash trading filters, how our ML models work, volatility estimates, lending simulations, and much more.

## Stay Tuned

If you are interested in building the future of NFT financial markets, please reach out on Discord or at contact@upshot.xyz.

Stay in the loop!

- Access our [NFT Aggregator](https://app.upshot.xyz)
- Join us on [Discord](https://discord.com/invite/upshot)
- Follow us on [Twitter](https://twitter.com/upshothq)
- Subscribe to our [newsletter](https://upshot.xyz)

We are excited to announce that Upshot is now open to the public! For the first time, we are making our NFT appraisal infrastructure alongside our NFT aggregator, portfolio tracker and API available to everyone.

Upshot is Now Open to the Public

About Upshot

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