Banksea NFT Oracle Launched on Solana Mainnet


Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

The First AI-Powered NFT Oracle, Banksea NFT Oracle, is officially launched on the Solana mainnet. 

Banksea NFT Oracle will provide Solana NFT collections with floor prices, AI floor prices, and 24-hour average transaction prices, enabling decentralized and real-time price feeds.

Banksea NFT Oracle pioneers using AI technology, combined with big data, artificial intelligence, and blockchain to form a decentralized financial infrastructure, which provides partners with secure, objective, and real-time NFT analysis and valuation.

So far, Most NFT financialization projects are based on the price feed of NFT collection dimensions (for example, Banksea’s partners Frakt and Pine Protocol, etc.). Combined with the current market demand, Banksea Oracle V1.0 provides the on-chain data services of Solana NFT collections. The price feed services include:

  1. Floor price: The floor price of NFT collections will be calculated, according to the listing information on various marketplaces.
  2. AI floor price: Based on the transaction data of the whole chain, it is generated by the AI model, which mainly solves the occasional stability problem of the market floor price, and prevents the risk of the attacker’s short-term manipulation of the market floor price.
  3. 24h average transaction price: The average transaction price on various marketplaces within 24 hours.

There are two tiers of price feed services: Free Feeds and Customized Feeds. Free Feeds will provide hourly updated feeds for some Solana NFT collections for free, including Degenerate Ape Academy, Degods, Okay Bears, etc. 

Customized Feeds can customize the subscription of price feed services through the subscription website or Javascript Library according to the needs of the price feeding interval, duration, and NFT collections.

How to subscribe to AI Valuation? Users can visit the page (https://subscribe.banksea.finance/) or the JavaScript API(https://banksea-finance.gitbook.io/oracle/user-guide/javascript-api) to learn how to subscribe to the price feed services.

Next Steps:

Banksea will launch Oracle services with AI valuation of individual Solana NFT, develop Oracle for Ethereum NFT valuation, and expand the cooperation with ecological partners. Banksea aims to establish a multi-chain NFT financial ecosystem based on the decentralized, secure, and real-time NFT valuation system from Banksea Oracle. 

 



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