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Upshot

NFT Appraisals

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👤 Profile

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📱 Product

Providing industry leading NFT appraisals through advanced machine learning models.

Upshot combines a deep understanding of NFT markets with advanced machine learning models to produce NFT appraisals at scale. In addition to giving developers access to this data through their dev tools, the team is building a suite of tooling at the intersection of NFT x DeFi.

Features

  • Real time pricing of NFTs

  • Wallet level analysis & insights (connect your own & check it out!)

  • NFT data (appraisals are refreshed hourly, so they are never stale)

  • Real time market stats

  • Deal discovery: best deals across NFT marketplaces (see Doodles screenshot below)

If you're bored, I highly recommend checking out the wallet watching tool. Here's a screenshot of GMoney's profile:


📈 Metrics

  • Upshot has appraised ~57 million assets from over 32k collections!

  • Median Absolute Percentage Errors (MAPE) for the more popular and liquid collections, typically between 3 - 8% and ~11% on average for less-liquid collections

Simply put, MAPE is a measurement of how accurate the predictions of a forecasting model are. For those of you that are data nerds, here's the formula to calculate MAPE.

How to Calculate Mean Absolute Percentage Error in Excel? - GeeksforGeeks

🛠️ Founders

Profile photo of Nick Emmons

Nick Emmons

Profile photo of Kenny Peluso

Kenny Peluso

  • Business Intelligence at KVH Industries

  • Full stack developer at John Hancock


🤝 Community

If you're a developer...

Definitely check out this blog post that covers 23 different ideas NFT enthusiasts can build on top of Upshot! There is a variety of tooling that need to be developed in the NFT x DeFi intersection. Everything from renting NFTs to NFT betting.

You can request the Upshot API key here.


💼 Talent Requests

Upshot is hiring for a variety of engineering positions - you can learn more out the roles here.

From Nick Emmons:

Primarily, we are looking for strong developers and machine learning engineers/ researchers. However, if you’re talented and looking to help build the future of the DeFi x NFT space, don’t hesitate to reach out: contact@upshot.xyz.


💰 Funding

$22m Series A led by Polychain

  • Blockchain Cap

  • Delphi Digital

  • Framework Ventures

  • Olive Tree Capital

  • Zola Ventures


🖼️ NFT Mint

In case you missed it, Web3 World's last product feature was Daylight. Check it out here - Kyle is hiring for a lead back end engineer. Please subscribe to Web3 World below if you haven't already!

If you want to support the Upshot team, mint the free NFT below. You never know, the NFT might unlock a perk in the future...your call, there's a 48 hour time limit!

#product#web3#nft
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