CoinShares develops a Twitter bot to track NFT prices

ChainCatcher news, the cryptocurrency asset management company CoinShares announced the development of a Twitter bot to track NFT prices. CoinShares stated that the demand for NFTs has continued to decline in recent months, dropping 97% from the historical high in January, making it difficult to determine the true value of NFTs. Their research team has built a bot to help measure the real prices of NFTs.

To assess NFT prices, the Twitter bot will consider factors such as hype, rarity, access to exclusive content, overall trading volume of collections, and sales performance. (Source link)