Hello All!
Current 'Alpha' Product
Our website is currently in it's rawest form, as we've spent our first months, sharing our data for free, listening to users, and sharing our analysis and results. We apologise in advance if our 'design' offends you - we have spent no time on that element, and have been fully focused on offering useable data for our initial audience.
Why we built this?
Earlier in 2021, we got pulled into the NFT frenzy. We struggled to understand which NFT's were the 'better' ones, and found the ecosystem a bit of a 'jungle'. Late in August 2021, we therefore decided to bring a method to the madness, and launched our alpha prototype with scores for NFT launches.
Cryptoscore NFT Calendar
We provide a cryptoscore for all upcoming NFT launches. Our scores uses various inputs to calculate a 'demand vs supply' calibrated score. Some more details are provided in our medium article.
Cryptoscores Results
From our early analysis of 250+ projects. The higher the score for launch, the more likely a project is to sell out, sell out quicker, have a higher floor, and also a higher profit on mint price.
Beta Statistical Models
We've got a mathematical background, so we've also built 2 models which predict the chances of the NFT to sell out, as well as the expected time to sell out.
Community driven
A large proportion of the NFTs scored on our calendar are from projects submitted by our community. Our community has also provided key input in identifying 'red flags' prior to launch which we publish on our calendar. They have also helped with post mortem analysis of some selected 'failed' NFT projects.
Our website might contain errors - So if you spot any, please tell us, and we'll look at fixing.
We're keen to hear your feedback on where we should go next.
Lastly, we hope you find this helpful.
@cryptoscores@adityavsc Thanks Aditya! Hope it was clear.
Have you looked at any of the upcoming NFT's on our calendar? There are a couple that really stand our in the next 24 hours.
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Like art NFTs in itself. I am an painter hobbyist as well and I get the reason why Picasso's paintings are worth what they are but somehow the art NFTs which are built in just couple of hours are getting sold for upwards of ~100k USD regularly because of marketing tactics. I am not able to understand such a demand for these NFTs.
tldr; art NFTs as whole.
@vaibhav_maheshwari Yeah, I guess not every type of ART appeals to every type of person, is the main topic here.
There is certainly a demand for NFTs currently, and there are various types (some have some forms of utility, others don't)
They also 'represent' a blockchain 'user case', so a lot of early developers in the blockchain space, like to 'back' NFT projects for that reason too.
There are elements of 'online identity' too - Twitter recently announced they are looking at letting users 'verify' their NFT in their profile picture.
Others are into NFTs, to make money and/or 'gloat' their ownership (Same applies to a lot of 'regular' art like Picasso)
The list goes on and on.
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Can someone explain me the how value of these art NFTs determined?
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