Finance News World

bitsCrunch – blending Artificial Intelligence with Blockchain technology

 Breaking News
  • No posts were found

bitsCrunch – blending Artificial Intelligence with Blockchain technology

January 19
17:48 2022

Non-fungible tokens (NFTs) are trending in the market for their unique features.

The curiosity in collectibles brings together a wide variety of audiences that empowers creativity in the NFT market.

Art & games are the attention-seeking activities in the NFT marketplace that enhance the development of NFT tokenization.

bitsCrunch uses three key products to ensure clients can safely and confidently manage their digital assets.

AI-Enhanced Safety Feature (Scour)

Using predictive analytics the project is able to increase trust and safety across the NFT ecosystem.

Wash trading is the process when a trader sells an asset either to himself or to a known network with a superfluous price. These problems are deterring new users from entering the NFT ecosystem.

Scour is an AI watchdog that monitors the transactions in DeFi and NFT marketplaces and flags the malicious trading transactions and the wash traders involved in exploiting the market mining mechanics.

Fair Price value estimation for an Asset (Liquify)

It is important to get a price estimation of a digital asset before buying or selling it.

NFTs represent a digital asset that can be licensed for various purposes so from the valuation perspective, valuing digital assets is more art than science.

The problem with the existing NFT ecosystem is that in this current scenario there hasn’t been a fair price for NFT assets. Many NFTs are priced at a higher valuation than what they actually should be. In the marketplaces, these listing prices don’t represent the true value.

Liquify is an enhanced AI model that uncovers the inflated and undervalued digital assets.

bitsCrunch is already building the NFT fair price estimator using previous experience building estimation models for CryptoPunks and Axie Infinity.

Digital Asset Forgery Detection System (Crunch DaVinci)

Collectible digital assets must be original to carry value, hence, the increasing importance of authenticating digital assets.

Trust is a primary barrier to adoption for the NFT marketplace ecosystem. Forgeries and copycats are rampant and create legal liability for marketplaces.

Although verified creator whitelisting or badges are helpful, they are not a complete solution for bolstering trust.

Crunch DaVinci is the novel solution for Digital art forgeries which is empowered by AI, capable of identifying and locating the key features in the digital assets, irrespective of different image manipulations to the original digital asset.

Read more: How to Build a Lucrative NFT Investment Strategy?

As one of the top 4 Artificial Intelligence (AI) companies in Germany, bitsCrunch specializes in Blockchain technology. 

The project is blending proven technology like Artificial Intelligence with Blockchain technology to make the ecosystem much more safer and reliable.

Giving organizations crucial information that provides a strategic advantage over its competitors from predictive analytical systems. Complex data sources are analyzed to create impactful insights.

bitsCrunch hopes to become the contributor of choice that best understands the intersecting contexts of data, technology & people generating tangible value in an abstract digital ecosystem.

Visit the official website to learn more about these products: https://bitscrunch.com/

Media Contact
Company Name: Micky Pty Ltd
Contact Person: Michael Manlapig
Email: Send Email
Country: Australia
Website: https://micky.com.au/bitscrunch-blending-artificial-intelligence-with-blockchain-technology/