Solanalysis, now Hyperspace, provides a bird’s eye view of the NFT ecosystem, and users may now use NFT FLEX to estimate the fair value of their own NFTs and display them to others.
What Does Hyperspace Do?
Users now have access to NFTs listed across Magic Eden, Solanart, and SolanaMonkeyBusiness without having to go through a third-party marketplace provider. More markets will be added in the future at no extra cost. Hyperspace also has an in-house launchpad, allowing people and companies to establish their Web3 stores to profit from their digital items while connecting with their consumers.
The algorithmic solution, NFT FLEX, is now available on https://hyperspace.xyz/ (Former https://solanalysis.com/). NFT FLEX empowers users with the ability to transparently see the underlying value of their collections and also provides a way to compare your collection’s worth against others.
To find out the overall estimated value of NFTs in any wallet, connect your wallet or look for a wallet address / .sol name on https://solanalysis.com/nft-flex. They felt it essential to account for rarities and complexity within collections to preserve, guide, and empower the community, therefore they developed an algorithmic solution that takes into account collection floor prices in other projects throughout Solana and other Layer 1 Ecosystems.
How it Was Built
They started by scouring on-chain transaction data from numerous marketplaces to provide information on their website. They then acquire mintIds of the top collections directly from where feasible (otherwise from project leaders).
They started by scouring on-chain transaction data from numerous marketplaces to provide information on their website. They then acquire mintIds of the top collections directly from where feasible (otherwise from project leaders).
They employ a variety of machine learning and statistical analysis techniques, including neural networks and regression models, to derive valuations from the transaction data. If there’s not enough transaction data to generate an estimate, they won’t show one and go with the collection floor price instead.
Features
- NFT Analytics
Future of Hyperspace
They will be adding social aspects, such as follows and mints, so you may keep track of your friends and other community members’ trades. In addition, they will continue to enhance the user interface/UX, add support for collections, create better models, and connect the experience with the rest of the community.
Hyperspace Official Links
