MetaMask Launches NFT Portfolio Value Tracker

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Last Updated on November 3, 2022 by Bitfinsider

Users of MetaMask will now be able to track the value of their portfolio of nonfungible tokens (NFTs) via its newest offering. The wallet provider announced on November 2 a new feature that will provide current pricing data for the more than 5,000 NFT collections held by MetaMask customers.

The new utility is the outcome of a collaboration with NFTBank, a portfolio management and valuation engine for NFTs. NFTBank uses machine learning techniques to make its forecasts, which provide customers with updated price projections for individual NFTs within a collection.

According to the statement, when calculating a pricing value, the algorithm takes into account criteria such as floor price, rarity, and bid-ask distribution. The gadget reportedly provides price forecasts with an accuracy of 90 percent or higher.

MetaMask continues to expand its Web3 capabilities with the introduction of the new portfolio value offering.

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