NEW YORK--(BUSINESS WIRE)--Upshot, a blockchain-based protocol providing industry-leading non-fungible token (NFT) appraisals, today announced the public availability of Upshot gmi, a new kind of NFT collector grading index that presents a single, powerful number to identify high-performing wallets.
“Gmi” is crypto-slang for, “gonna make it,” a term that crypto users often use to refer to a high conviction and optimistic state about the future. By creating a single gmi score for NFT wallets, Upshot leverages its powerful ML-appraisal tools to help classify NFT wallets based on past financial performance.
On an individual level, these insights enable other users to follow wallets with high gmi scores in order to track and replicate NFT trading activity. At a collection level, the gmi of all holders of a collection is averaged together - giving the collection itself an average gmi score. This number helps to identify the number of high-performing wallets who are a part of a particular collection's community.
“Upshot gmi analyzes NFT wallets by examining realized and unrealized gains, the number of transactions, transaction volume, the number of NFTs, the number of premium NFTs, the age of wallet and the number of collections, among other things.” said Nick Emmons, CEO and Co-Founder of Upshot. “We’re keeping a close eye on the NFT wallets that are most active across the community to analyze the trends and get a clear snapshot of who is winning and losing. We’re consistently developing new ways that the Upshot platform can offer value through insights to users and gmi is just one example of some of many recent innovative capabilities we’ve introduced to the technology in recent months.”
Innovation At The Center of Upshot
Over the course of 2022, Upshot introduced a variety of new features to its platform that provide users with accurate and timely insights into the NFT market. Noteworthy new features introduced to the Upshot platform in the past 12 months include:
- Batch Buying: With Upshot, collectors now have the ability to buy and sell multiple NFTs in a single transaction, providing a significant cost and time savings to users.
- Collection Alerts: Helping the community gain instant real-time insights into valuable new information regarding a collector or collection that they are following. For example, users will be notified if there are rapid changes in floor pricing and collection performance overall, which allows for more granular control of their NFTs and wallet.
- Deal Finding: Users can go beyond floor pricing to get a clear picture of the true value of their NFT in the moment - so that they can accurately price their NFT or ensure the price quoted aligns with true market value.
- Real-time Portfolio Tracking: Upshot gives users the ability to accurately see the value of their entire portfolio of NFTs in near real-time - with instant insights into historical trends and performance.
For more information about Upshot and its platform, please visit https://upshot.xyz/.
About Upshot
Upshot is a blockchain-based protocol providing industry-leading non-fungible token (NFT) appraisals. By delivering accurate and trusted expert appraisals, Upshot enables the creation of solutions at the intersection of decentralized finance (DeFi) and NFTs - for the industry and themselves. Upshot Analytics is currently available in private Beta and will open to the general public soon. The Upshot API is currently available and being used by teams to inform their projects. You can learn more about Upshot, its capabilities and sign up for the Beta at https://app.upshot.xyz/.
