An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.
Each NFT has a digital signature that makes it impossible for NFTs to be exchanged for or equal to one another (hence, non-fungible). One NBA Top Shot clip, for example, is not equal to EVERYDAYS simply because they’re both NFTs. (One NBA Top Shot clip isn’t even necessarily equal to another NBA Top Shot clip, for that matter.
Nexo was the first financial institution to offer NFT-backed lending services. Compared to Company's existing crypto-backed loan offerings, the NFT product is able to provide certain solutions, but also has several challenges on the way.
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Time Series: Predict NFT series pricing - Based on Rarity, Traits, Liquidity and General Market Dynamics of NFT series
The first part of the case has two main directions:
- The market price of a unique NFT is not easily observable, can you predict it?
- The illiquid and sporadic NFT market makes forced liquidations near impossible (with some exceptions).
The second part of the case is dedicated to image recognition:
- Connect a pre-defined list of NFT Twitter profile pictures to the relevant collection to which they belong
- Find the Collection, Ownership, History of the Token and how it reflects the price of the whole series
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