Unlockd x NFTBank: real-time asset valuation for the Metaverse economy.

Unlockd
4 min readJun 29, 2022

Unlockd, the decentralized, cross-chain protocol that provides NFT liquidity while keeping ownership perks, is thrilled to announce our partnership with NFTBank, an all-in-one solution for managing NFTs, known for their appraisal and portfolio management features, price APIs, and seamless user experience.

NFT investing is still a nascent industry, with a small total audience but a fast-growing number of users and creators. In this stage of the NFT ecosystem, volatility and lack of data can make financial decisions very difficult.

The ever-changing trends of the industry and the number of new projects can make it difficult to track prices and stay up to date with financial metrics. This represents an inconvenience for users, but also a threat to the stability and integrity of protocols that depend on the accuracy of the data. Unlockd needs consistent and reliable price information to appraise the assets pledged as collateral.

But we are not willing to take the easy path. At Unlockd, we believe users should be able to borrow against the actual value of their NFTs, instead of only relying on floor prices that don’t fully capture the real worth of the NFT — there are many collections with an average sale price 2–3x higher than floor pricing.

How to proceed, then? Well, in addition to crowdsourced pricing that we already integrate, the traits-based appraisal is one of the critical steps to Unlock significant liquidity, allowing users to manage their portfolio more efficiently.

And that’s why we’re building an instant appraisal mechanism that integrates the data from the best partners in the ecosystem. Partners like NFTBank.

Unlockd x NFTBank: Enriching our appraisal model and increasing our project coverage.

NFTBank’s powerful Machine Learning solution analyzes NFT metadata traits and sales history, building models for NFT price appraisals.

Unlockd will integrate the NFTBank tools and APIs into the appraisal process of an asset at the time an NFT-backed loan is requested. This price estimate solution covers more than 6,000 NFT collections and will allow Unlockd to track the price of the collateral and calculate its impact on the borrower’s health factor at any given moment.

In order to efficiently and safely consider all data inputs, Unlockd takes into account the error bounds provided by NFTBank and other partners when concluding a final asset pricing. If you are interested in how we have designed this mechanism, stay tuned — in-depth blog post coming soon!

A partnership to expand the frontiers of NFT financialization

At Unlockd we want to continue working with the most reliable and avant-garde partners in the NFT valuation industry, leveraging the ecosystem to provide the best user experience.

The Unlockd and NFT Bank dev teams will be in regular contact with each other to share progress on the integration of the tool and insights about the NFT-backed debt market. In this way, we establish a bidirectional feedback channel to improve the accuracy of estimates and detect new collections to be added to the system— jointly expanding the frontiers of NFT financialization.

The Unlockd team builds on a strong commitment to the NFT culture and ecosystem. One aspect we really admire about NFTBank is the seamless user experience and the clean interface they offer — we believe that having nice products that everyone can understand and utilize is key to driving mass adoption.

NFTBank continues to build tools that empower NFT investors, creators, guild managers, and scholars. Unlockd is positioning itself as the go-to liquidity-enabling partner for these players within the Metaverse. This alliance leads us to build in the same direction.

We know that as the market matures more users will want to utilize debt to run their portfolios more efficiently. NFTBank’s appraisal methods and data will help us make this vision a reality, building a robust and transparent ecosystem together.

About Unlockd

Unlockd is the decentralized cross-chain protocol that provides democratized NFT liquidity and utility for Art, DeFi, Metaverse, Real World and Gaming.

Unlockd provides instant loans and enables seamless cross-chain borrowing and lending, with Unlockd borrowers can compound their wealth with NFT-backed loans while maintaining 100% of ownership perks.

Website | Twitter | Discord | Telegram | Blog

About NFTBank

NFTBank is a leading NFT portfolio management service that drastically improves visibility to NFT portfolios spread across different wallets and blockchains.

NFTBank is powered by its in-house price prediction model that uses historical sales data and NFT metadata to accurately predict market value of individual NFTs. NFTBank continues to build tools that empower NFT investors, creators, guild managers, and scholars.

Website | Twitter | Discord | Blog

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Unlockd

The only permissionless protocol for Real World Assets liquidity. Fair and secure instant loans, powered by AI.