A core value prop of crypto is that it enables us to financialize *anything*.
The latest example of this is via @RacerLoans -- enabling people to take out loans against @friendtech keys.
Loans are powerful as they can be used to hedge your risks, or gain leverage by loaning against your current holdings to buy more keys.
@RacerLoans is built by members of the community, but uses @UpshotHQ's ML-powered lending strategies for pricing and generating loan terms.
DISCLAIMER: Please approach with care––although we are creating the loan terms for the platform, we are not the core developers behind the platform. The contracts are unaudited currently and none of this is financial advice. These are inherently risky assets.
Excited to share a longer piece I've been working on about AI x Crypto and how it will transform financial markets.
[Link to the article itself in the tweets below.]
Set your reminders for tomorrow, 11am EST.
Our CEO @nickemmons will be discussing:
+NFT x DeFi
+The future of AI
+The future of financializing everything onchain
+And much more
Don't miss it.
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Upshot free trials are LIVE!
Starting today, you get a 7-day free trial for our Starter and Pro plans! That means:
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The video game industry isn’t ready for AI.
As it stands now, most traders/ collectors who focus on video games treat trading game items like a full-time job.
- You pore over patch notes
- Analyze data
- And track market trends
All in the search for profit opportunities. You use your specialized knowledge and skills to give you an edge over other players.
This might work now. But this is like building houses with nothing but a hammer and nails.
Right now, you’re compensated because nobody is willing to put in the work you are.
But as AI continues to improve, it won’t be like an electric power drill in everyone’s hand…
It’ll be like everyone has an entire construction crew, all with fully electric tools to replace your hammer and nails.
Therefore, the data extraction and analysis that used to provide you with your edge can now be done by anyone with access to the right ML model.
But what happens when everybody is using AI to help trade and do game item valuation for them?
- More efficient game item markets open up.
- New players and investors enter the economy.
- Financial tools such as derivatives, lending markets, and perpetual contracts will become accessible for video game assets, elevating them to first-class citizens of the broader financial system.
Making markets in exotic digital assets (like a video game sword or gun) requires digesting huge troves of data to model fair values. AI drastically lowers the overhead costs of these complex valuations.
Previously illiquid assets like game items–which have been hard to evaluate and trade–will now enter the market via AI-empowered financial infrastructure.
But AI won't just open up trading to more players and investors via automation.
Automation will enable new, more efficient markets to emerge.
And it will fundamentally transform gaming economics and incentives as we know them.
Over the last few days, we've seen the worst liquidation cascade in the history of NFTs and its not really close
There were 1244 Liquidations in the last 96 hours (This excludes forced sellers that sold their collateral to repay loans before they were underwater)
For reference on an average day over the last year, you'd see 10-15 NFT loans liquidated
Beanz were hit the hardest with 636 of them... over 3% of their supply
Good news is that the rate of liquidations has slowed drastically over the last few hours and there aren't a crazy amount of underwater loans left
Think we're done with those sharp one day moves down that we've seen over the last few days
Uniswap V3 - How to calculate ETH price from sqrtPriceX96
Reference
https://t.co/Ni4KPuVXMf
Drawn with
https://t.co/ckPWgz9RKl
More notes
https://t.co/5Th4RxTwJ4
Here are the *initial* @UpshotHQ estimates: https://t.co/zNEJDnxcOb
Upshot has a proven track record of providing reliable NFT valuations, more accurately reflecting their true market value.
Accurate estimates are integral in safeguarding & maximizing returns for 3AC creditors.
🔮 Our Highly Anticipated 🔮
Upshot Indexes are live 🚀
We've constructed a set of NFT index methodologies to enable other projects and developers to build more expressive financial primitives for NFTs.
Let's dive deeper 🧵
@CompteNickel
Bonjour, je n'ai pas l'option d'augmenter le plafond de ma carte (au present 1€) en espace client.
Est-ce que vous pouvez m'assister svp? Merci en avance!
@DHLPaket@LColissimo
Bonjour,
J'attends encore pour un colis qui se trouve dans un depot en France depuis Mercredi, 28 September.
Quelle est la raison pour ce delai de livraison?
Quand est-ce que je vais recevoir mon colis?
Je peut fournir le numero tracking. Merci d'avance.
0/ Your NFT bag is about to get much more liquid. Hundreds of millions of dollars will flow into NFT market making, and this will be a game changer for marketplaces, creators, collectors, and communities. Read on for more thoughts. 🧵
"Don't follow the leader" is out on @RSocPublishing! In this paper I show with a simple agent-based model that the more you pay attention to a ranking, the less meritocratic it becomes.
https://t.co/DJi8EUD9dM
@uclfincomp@uclcs
Some interesting thoughts on on Aave's proposed stablecoin, GHO: achieving broad adoption while boosting risk management
https://t.co/57SXhBfllS
#AAVE#StableCoin#Tokenomics#riskmanagement
There's a blindspot in your investing.
You fall in love with the vision of the protocol but have you thought about how well the founder and team can execute?
It's a game of imperfect information, but there are some clues:
https://t.co/8GIGuiyhB1
Now that employees of #meta are being told to call themselves #metamates we thought it important to help explain the correct collective nouns for various people working in research and science
Ozan Gonen is a 3D artist and storyteller.
His first collection reimagines the story of Atlas in an intergalactic setting, offering different perspectives of the Greek Titan’s experience.
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