OVERVIEW
NiFTy is a fin-tech innovation as a reference for NFT investment. The main feature is that NFT value is affected by social discussion online a lot but it's hard to identify the investment opportunity in advance.
NiFTy solves this problem by providing social heat analytics, trend prediction and customized investment recommendations.
Domain
Entrepreneurship
Product Design
Fintech
ROLE (Team Size 6)
Ideation
Product Design
Presentation
Background Research
Fact 01
Positive correlation between online discussion trends and NFT value
The value of NFT Bored Ape boosted in August 2021, when months ago celebrities and famous people such as Stephen Curry, Mark Cuban, etc. purchased Bored Ape NFTs as a great online social event.
Academic Support
Using Twitter as an example, research shows that XGBoosting combined feature sets of Twitter and OpenSea can increase the accuracy of NFT price prediction by 6%.
Reference
Arnav Kapoor, Dipanwita Guhathakurta, Mehul Mathur, Rupanshu Yadav, Manish Gupta, and Ponnurangam Kumaraguru. 2022. TweetBoost: Influence of Social Media on NFT Valuation. In Companion Proceedings of the Web Conference 2022 (WWW '22). Association for Computing Machinery, New York, NY, USA, 621–629. https://doi.org/10.1145/3487553.3524642
Fact 02
Huge Rising NFT Market
40 %
Forcasted Industry CAGR
$82 Bn
Target Addressable Market
Predicted Industry Size in 2026
Forecasted Growth Rate 2021-2026
Source: Yahoo Market Research
Problem
What Investors Need
The ability to identify investment opportunities in advance
Pain Points
Difficult to collect and analyze relevant information
Our Product - NiFTy
Features
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Heat Track and Trend Analysis
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Market Index
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Customized Investment Recommendations
Competitive Analytics
Dune
NiFTy
Cryptoslam.io
Nonfungible.com
Nansen
Market Data Analysis
Zero Code
Data Tracking
Market Index
Social Factors concerned
Forward Heat Trend Prediction
Customized Recommendation
Business Model
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Basic / Advanced Plan
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Individual / Institution Plan
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NFT market platform referral
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Inter-platform cooperation
Financial Forecast
Thoughts
I love creating innovative and useful products to solve real-life problems. The biggest takeaway from this project was the serious hands-on of entrepreneurship. We did market research, identified opportunities, and planned practical financials and business models. It was a great experience getting a touch on how to start a business with a small team. I wish one day I could really create a valuable product as an entrepreneur.