Tag: coinshares nft price

CoinShares Develops Twitter Bot to Track ‘Fair’ NFT Prices
Technology

CoinShares Develops Twitter Bot to Track ‘Fair’ NFT Prices

[ad_1] CoinShares has spurned its usual diet of exchange-traded and capital markets products for a new project: a Twitter bot. CoinShares International Ltd, Europe's largest digital asset trading house, has spurned its usual diet of exchange-traded and capital markets products for a new project: a Twitter bot that can tell users the true price for a nonfungible token. Pricing for NFTs, unique digital collectibles ranging from pixelated artwork to plots of land in video games, is usually driven by how much hype the collection's creator has generated. Popular collections include Yuga Labs Inc.'s Bored Ape Yacht Club, Larva Labs' CryptoPunks and Otherdeed, which represents digital land created for Yuga Labs' virtual world Otherside. CoinShares said that since demand for NFTs decline...