CHICAGO–(BUSINESS WIRE)–FLOLiO is a multi-faceted digital asset ecosystem that empowers NFT traders and creators via asset management, aggregated analytics, web3 performance marketing mechanisms and more. The company launched with a free, consumer-focused platform where users can accurately assess their digital asset portfolio, gain valuable industry insights and make informed trading decisions. FLOLiO’s next move is to combine these consumer learnings with unique chain technology so that NFT creators have the right tools to effectively increase sales and reach.
Why do we need FLOLiO?
The FLOLiO team has been hard at work for over a year developing the industry’s first usable portfolio tracking platform. There are many other companies that allow users to link their wallets and see some kind of estimate (usually the fundraising floor price) of what their holdings are worth. The combination of FLOLiO’s core team being NFT holders themselves, in addition to extensive market research among thousands of other holders across thousands of other collections, has determined that there are many cases where this is not a valuable metric. As a result, many of these platforms are very underutilized.
Here is one of the many examples where using the collection floor does not give the holder any impression of accuracy as to what their asset(s) are really worth. The current fundraising floor price (as of August 17, 2022) for Bored Ape Yacht Club (BAYC) is 77 ETH. This figure says that the lowest price of one of the 10,000 BAYC NFTs is 77 ETH. However, there are many NFTs in the BAYC collection that have certain characteristics and rarity that make them more valuable. If we look at one of these BAYC NFTs as an example: one that is unshaven and eats pizza. This combination of properties is very rare (only 0.26% of all 10,000 BAYC NFTs have this property) and it makes this particular asset much more valuable. FLOLiO is able to show users that the lowest property floor price of this asset is actually 690 ETH. So the actual minimum price for this asset is 690 ETH, compared to the fundraising floor price of 77 ETH, a difference of 613 ETH (~$1,142,000 USD). This is just one example of various edge cases that the FLLiO development and data science teams set out to solve, providing the industry with its first usable portfolio tracking platform.
Additional benefits of FLOLiO
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Fair market values
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Over 4,700 collections
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Resources
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events
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Alerts
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Browser extension features are free
About FLOLiO
FLOLiO is an NFT ecosystem where users can realize great value by experiencing the most accurate valuations of all their holdings. Additionally, users can find information on over 4,700 NFT collections, NFT drops, rarity rankings, market data, transaction data, and much more!
This landscape FLOLiO has created makes it much more than just a valuation platform. It really is your one-stop shop for all things NFT regardless of where your interests lie in the industry.
Check out flolio.com today and boost your web3 wisdom.
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