Launch of the Banksea NFT Oracle on the Solana Mainnet

Jamie Larson

• 2 min read
Launch of the Banksea NFT Oracle on the Solana Mainnet

The Banksea NFT Oracle, the first NFT Oracle powered by AI, has officially debuted on the Solana mainnet.

BT Banksea Oracle will offer floor prices, AI floor prices, and 24-hour average transaction prices for Solana NFT collections, enabling decentralized and real-time price feeds.

To create a decentralized financial infrastructure, Banksea NFT Oracle is a leader in the use of AI technologies, big data, artificial intelligence, and blockchain. This infrastructure gives partners access to safe, unbiased, and real-time NFT research and valuation.

Most NFT financialization projects to date (including those of Banksea's partners Frakt and Pine Protocol, etc.) are based on the price feed of NFT collection dimensions. Banksea Oracle V1.0 offers the on-chain data services of Solana NFT collections in combination with the present market requirement. The cost-feed services are as follows:

  • Floor pricing: Using data from listings on different marketplaces, the floor price for NFT collections will be determined.
  • The AI model generates the AI floor price, which primarily addresses the sporadic stability issue of the market floor price and eliminates the possibility of attackers temporarily manipulating the market floor price.
  • The 24 hour average transaction cost is: the typical transaction value throughout the course of a day on several marketplaces.

Free Feeds and Customized Feeds are the two price tiers for feed services. Some Solana NFT collections, such as Degenerate Ape Academy, Degods, Okay Bears, etc., will have free hourly updated feeds provided by Free Feeds.

Through the subscription website or Javascript library, customized feeds can tailor the subscription of price feed services to meet their own needs in terms of price feeding interval, length, and NFT collections.

How do I sign up for AI Valuation? To discover how to subscribe to the price feed services, users can go to the page (https://subscribe.banksea.finance/) or the JavaScript API (https://banksea-finance.gitbook.io/oracle/user-guide/javascript-api).

NEXT STEP:

Banksea will introduce Oracle services with AI-based Solana NFT valuation, create Oracle for Ethereum NFT valuation, and intensify its collaboration with environmental partners. Based on the decentralized, safe, and real-time NFT valuation system from Banksea Oracle, Banksea seeks to create a multi-chain NFT financial ecosystem.