Web 3.0 startup NFT Bank announced on the 4th that it will provide price information for more than 5,000 NFT collections to the virtual asset wallet application Metamask.

Through this collaboration with Metamask, it is possible to check at a glance the estimates of NFT assets provided by NFT Bank in the Metamask app. Metamask has launched a product that can better show NFT’s price and information by recognizing that showing NFT prices is important from the user’s point of view. To this end, NFT Bank’s information will be used as a price standard.

Until now, NFT has not been easy to identify assets unlike cryptocurrency due to different prices for each NFT and extremely limited trading data. Accordingly, NFT Bank has developed its own machine learning-based statistical algorithm that estimates NFT prices based on floor prices, rarity, and distribution of sales requests. Currently, it provides price information for more than 5,000 NFT collections, which are also provided in API form or NFT Bank’s own app form.

“Many people learned the volatility of the NFT market very hard, and at the same time, we confirmed NFT’s potential as a new digital asset group,” said Kim Min-soo, CEO of NFT Bank. “It is highlighted that it is very necessary to understand the proper price of NFT assets.” He went on to say, “NFT Bank’s NFT price data will enable Metamask’s new NFT integration function in the future and provide more information on assets held by users.”

Displaying NFT price information on Metamask’s portfolio dApp is a big step forward for our goal, said Kai Huang, product manager of Metamask. “As of today, users of Metamask can receive NFT price information in real time so that they can make appropriate decisions.”

Currently, NFT Bank’s NFT valuation solution is used in major projects such as Chainlink, NFTfi, Fine Protocol, Stator, and Unlockd Finance.