Upshot Announces Public Availability of Its “gmi” Grading Index for NFT Wallets to Identify the Most Savvy Investors
“gmi” is one of many new features on the Upshot platform designed to provide new and veteran investors with deeper, real-time NFT insights
NEW YORK, January 10, 2023–(BUSINESS WIRE)–Upshot, a blockchain-based protocol offering industry-leading non-fungible token (NFT) ratings, today publicly announced the availability of the Upshot gmi, a new type of NFT collector grading index that presents a single, powerful number for to identify high performing wallets.
“Gmi” is crypto slang for “gonna make it”, a term that crypto users often use to refer to a high level of conviction and optimistic state about the future. By creating a single gmi score for NFT wallets, Upshot leverages its powerful ML assessment tools to classify NFT wallets based on past financial performance.
At an individual level, this insight enables other users to follow wallets with high gmi scores to track and replicate NFT trading activity. At a collection level, the gmi of all the holders of a collection is calculated together – giving the collection itself an average gmi score. This number helps identify the number of high performing wallets that are part of a particular collection’s community.
“Upshot gmi analyzes NFT wallets by examining realized and unrealized gains, number of transactions, transaction volume, number of NFTs, number of premium NFTs, wallet age and number of collections, among others.” said Nick Emmons, CEO and co-founder of Upshot. “We keep a close eye on the NFT wallets that are most active across the community to analyze the trends and get a clear snapshot of who is winning and losing. We are constantly developing new ways that the Upshot platform can provide value through insights to users and gmi is just one example of some of the many new innovative features we’ve introduced to the technology over the past few months.”
Innovation at the center of results
During 2022, Upshot introduced a number of new features to its platform that provide users with accurate and timely insights into the NFT market. Notable new features introduced to the Upshot platform in the past 12 months include:
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Batch purchase: With Upshot, collectors now have the ability to buy and sell multiple NFTs in a single transaction, providing significant cost and time savings for users.
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Collection notices: Helps the community gain instant real-time insight into valuable new information about a collector or collection they follow. For example, users will be notified if there are rapid changes in floor prices and collection performance in general, allowing for more granular control over their NFTs and wallet.
For more information about Upshot and its platform, please visit https://upshot.xyz/.
About Upshot
Upshot is a blockchain-based protocol that provides industry-leading non-fungible token (NFT) valuations. By delivering accurate and reliable expert judgments, 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 soon open to the general public. The Upshot API is currently available and 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/.
See the source version at businesswire.com: https://www.businesswire.com/news/home/20230110005758/en/
Contacts
Media:
Nick Emmons
[email protected]
