Upshot will aggregate real-time NFT appraisals by asking its decentralized user base to compare collectibles. It incentivizes honest answers: Proven “experts” get more weight to their opinions; dishonest participants get less.
Over time UpshotOne could generate revenue by pairing its consensus-driven price predictions with on-chain data for a marketable application programming interface. There’s also the crypto angle: Upshot has a native incentives token atop its blockchain.
Slow Ventures partner Jill Carlson, who also invested in this round of funding, said Upshot’s peer prediction and incentivization model can also have other uses, although she said she’s confident that Upshot’s new product will outlive the current hype about NFTs.
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- Token type: $ONE
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