New feature allows users to track smart money movements and floor price changes across collections
NEW YORK--(BUSINESS WIRE)--Upshot, a blockchain-based protocol providing unique NFT financialization opportunities for traditionally illiquid assets, has today announced Upshot Alerts. Upshot Alerts are designed to provide real-time updates on a number of triggers, including floor price movements and investments from smart money in the NFT market. These alerts will provide further education and insights for both novice and veteran investors as Upshot continues to build on the leading platform for NFT analytics and financialization.
Particularly within a bear market, these alerts are critical to building informed trading strategies and following market movers in the NFT space. Utilizing Upshot’s novel wallet grading index (gmi), users on the platform can identify these prominent wallets by their gmi and build their own trading strategies using the Upshot API to track and execute trades when an alert is triggered.
“Investors within the NFT market, including myself, have been looking for a tool like this for years. I remember when a text from a friend was the only way we’d know about a major investment or floor pricing shift in a collection,” said Upshot Co- Founder and CEO Nick Emmons. “We developed Upshot Alerts to fix this problem and provide NFT investors with personalized, real-time updates to inform their investment strategies and build algorithms of their own to maximize ROI.”
As Upshot continues to drive innovation within the NFT market and build the foundation for NFT x DeFi primitives, products like Upshot Alerts and gmi will provide deeper insights and financialization opportunities for the traditionally illiquid assets. With the release of Upshot Alerts, Upshot now has the synergies and products in place to unveil their own primitives – starting with NFT Lending.
For more information about Upshot and its platform, please visit https://upshot.xyz/.
About Upshot
Upshot is a blockchain-based protocol providing industry-leading non-fungible token (NFT) appraisals. By delivering accurate and trusted expert appraisals, Upshot enables the creation of solutions at the intersection of decentralized finance (DeFi) and NFTs - for the industry and themselves. Upshot Analytics is currently available in private Beta and will open to the general public soon. The Upshot API is currently available and being used by teams to inform their projects. You can learn more about Upshot, its capabilities and sign up for the Beta at https://app.upshot.xyz/.
Contacts
Nick Emmons
nick@upshot.xyz