Nexo-backed MetaQuants, a provider of NFT solutions, unveiled its algorithm product to facilitate real-time collateral appraisals for NFTs, marketplaces, and wallet analytics.
The alpha version of the new algorithm product is designed to aid NFT lending, market, overpricing, and market manipulation penalties. Consequently, Nexo’s upcoming non-custodial infrastructure will benefit from the algorithm product.
Aided by Nexo’s financial and strategic investments, MetaQuants has launched numerous solutions aimed at fostering transparency, accuracy, and risk management in volatile virtual space.
In addition, MetaQuants recently launched a funding round to expand its team and product offerings.
It is worth noting that Nexo, which is a leading regulated institution for digital assets, uses a real-time mark-to-market NFT algorithm to provide efficient valuation estimates for assets that are susceptible to market manipulation for its retail and corporate clients. The new MetaQuants solution allows such a technique to be implemented and may be adopted by Nexo.
The firm has been expanding its presence across Asia over time. An agreement was signed with Singapore-based Vauld in July for a potential acquisition. Moreover, Nexo had expressed interest in acquiring assets Celsius due to market conditions ravaging the crypto sector.