Deeping the Stature of NFTs within our Modern Financial Picture

Human beings are known for a myriad of different things, but most importantly, they are known for getting better on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the goods. The same has grown increasingly evident over the recent past, and assuming one new fintech-themed development shakes out just like we envision, it will only make that trend bigger and better moving forward.

Upshot, a firm building financial infrastructure for NFTs and other traditionally illiquid assets, has officially announced the launch of a new feature within the Upshot platform called Upshot Indexes, which is designed to leverage indexes for the purpose of building new cutting-edge financial solutions. According to certain reports, the stated platform is initially launching with three primary indexes that all look after a different NFT market segment. For instance, we start from Upshot Yuga Index, a vehicle to monitor the performance of collections under the Yuga Labs umbrella, weighted by appraisal-based market cap. By doing so, it is able to gauge the most liquid NFT collections. This, in turn, should assist developers when it comes down to offering a single index-access to a wide variety of verticals like PFPs, metaverse, gaming, and more. Next up, we have an Upshot Art Blocks Curated Index, which has its utility rooted in tracking top 20 Art Blocks Curated NFT collections. Such an aspect bolsters the prospects of our interaction with generative art. There is also an Upshot PFP Index in play here. The stated fragment seemingly has the means to track top 20 PFP (profile picture) collections. Weighted by appraisal-based market cap, the inclusion of PFP Index qualifies as a significant detail, considering many PFP projects are currently driving social identity, community engagement, and network value within the digital realm.

Now, while the whole proposition deliver an enormous innovation potential at our disposal, it further, given the development’s far-reaching nature, offers the user a chance to create one diverse, and therefore, risk-resistant NFT portfolio.

“NFT indexes are not a new thing,” said Nick Emmons, CEO and co-founder of Upshot. “There have been several other attempts made – but they tend to fall short because of challenges with pricing accuracy, tracking illiquid NFT markets, and less-than-attractive baskets of NFTs to date. Our NFT index methodologies change all of that, giving projects the ability to quickly and easily develop accurate, flexible, and interesting baskets of NFTs to monitor.”

For the future, though, Upshot is planning to work alongside financial institutions to mark a foray into ETFs, perpetuals, and other investment products based on the Upshot Indexes.