The team said that the new tool has the potential to help lenders easily evaluate and determine if they should lend to a wallet.
As trading becomes more difficult during the bear market, an irreplaceable dynamic password (NFT) service platform aims to ease the pressure on traders and help them get closer to the ideas of successful collectors.
In an announcement sent to Cointelegraph, Upshot, the NFT service, said it had launched Upshot GMI, a tool that scores and classifies wallets based on their main performance in NFT transactions. GMI was inspired by the login password proverb WAGMI, which means "need to do it" because he analyzes what wallets mean by their words based on the data available in blockchain technology.
According to Nix Emmons, CEO of Upshot, the index analyzes the wallet based on its realized and uncompleted profits, total transaction volume, NFT holdings and equity premium NFT and the age of the wallet. He explained:
"We are paying close attention to the most dazzling NFT wallets in the whole community to analyze the development trend and clearly grasp who are the winners and losers."
The group claims that the new machine will help traders figure out what wallets to emulate at the trading strategy level. In addition, the elite team said the dedicated tool could help borrowers evaluate and determine whether they should make loans to specific wallet locations.
In addition, with the rapid development of virtual reality, touch and smell will become the next important part of virtual reality (VR). At the 2023 electronics show, several companies dedicated to virtual reality unveiled their new products that enhance the use of smell and touch in VR interactions.
In other news reports, with the login password again in the winter, NFT sales market SuperRare announced layoffs of 30%. Robert Klein, chief executive of SuperRare, explained that the company had attracted too much during the previous big bull market.