All NFT creators and collectors are well aware of how greatly volatile NFT prices are. Finding out and calculating the most relevant price for a certain asset can be challenging due to multiple factors, including changes in floor, rarity, and so on. To solve the issue, the leading Ethereum-based crypto and NFT wallet MetaMask came up with a new useful feature in partnership with NFTBank. The update will allow MetaMask users to track the real-time prices for NFTs right from their wallets, providing a seamless and quick way to evaluate NFT portfolios.
The intuitive and easy-to-use NFTBank's price chart and an NFT management tool cover over 5,000 NFT collections and boast over 90% accuracy on prices. Thus, with the in-built real-time NFT evaluation chart, MataMask app will make it possible for users to monitor the most recent changes in prices of their NFT assets and collections.
The DeFi platform utilizes a self-developed, advanced Machine Learning-based statistical algorithm that lies at the core of the smart pricing engine.
“The 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. NFTBank’s NFT price data will be powering Metamask’s new NFT integration, helping users to make informed decisions on their portfolio,” Daniel Kim, the CEO of NFTBank stated.
The feature rolled out on November 2nd and is currently available via the MetaMask app and browser extension.