The uncustodial wallet provider MetaMask has fired a modern non-fungible token (NFT) portfolio tracking service, which will be powered by NFTBank, an NFT portfolio management tool and valuation engine.
Despite the growth of the NFT ecosystem, this branch of blockchain technology has generally lacked tools and infrastructure that can aid collectors track transaction history and obtain price estimates compared to other blockchain branches.
NFTBank has committed its resources to changing the narrative and has developed a powerful machine learning-based algorithm that can offer price estimates for up to 5,000 collections with high accuracy.
The tough nature of the NFTBank solution can combine well with the scale and diversity of the MetaMask wallet, making it ideally suited to all protocols involved.
“MetaMask continues to deliver a rich NFT experience, and making pricing information available to our users across the dapp portfolio is another step forward; Starting today, our users can receive real-time price and value updates on the NFTs they have purchased across all their accounts, enabling them to make informed decisions,” said Kai Huang, product manager at MetaMask Portfolio dApp. “NFTBank has proven to be the perfect partner for enabling this feature due to advanced machine learning models and strong infrastructure capabilities that can support MetaMask’s scale to deliver consistent experiences to millions of MetaMask users.”
MetaMask’s attempt to expand the utility of NFT support has been marked as an attempt to soften the landing pad for modern users entering the space so they understand what to expect in terms of price. With NFTBank topping the list as one of the most widely used NFT price trackers, the collaboration between the duo has been tagged as one of the most strategic this year for the digital collectible space.
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