Startup partners with Toptal to build the industry’s first NFT-valuation algorithm
The startup wanted to create the go-to resource for determining the true value of non-fungible tokens, and turned to Toptal for data science and blockchain expertise.
Client
A blockchain technology startup building a data-driven platform for standardized NFT valuation and analytics.
Industry
TechnologyDelivered Services
Get a free consultation now
Schedule a CallChallenge
In recent years, NFTs have become a massive part of the cryptocurrency market. These tokens range in value and can be worth thousands of dollars. The team was ready to build an NFT-valuation tool that could become the go-to resource for determining the value of a token but needed a data scientist with very specific crypto and blockchain experience to build the algorithm. To find that expert, they turned to Toptal.
Solution
A highly specialized project
Because the world of cryptocurrency and NFTs is relatively young, expertise in these fields can be hard to find. After connecting with Toptal, the startup was quickly matched with a data scientist who had NFT data modeling experience, and the project was underway.
Teams working side by side
While the algorithm was being built, several developers began work on the entire platform alongside the company’s internal designer. Thanks to this tandem approach, the algorithm was ready to evaluate NFTs by the time the user interface was complete.
Outcome
An accurate algorithm for NFTs
In just 13 weeks, the data scientist and team of developers built and deployed a platform with AWS Amplify and CloudFormation to host and support the powerful data engine. Through this highly specialized algorithm, the client is now able to accurately value the most popular NFTs on the market.
50,000+ NFTs valued already
Thanks to Toptal, the startup now has the top 10 most popular NFT collections correctly valued and stored in their database. After a successful soft launch, the team will continue to use their powerful algorithm to add more and more collections, reaching a broader audience of owners and investors.
Get a free consultation now
Schedule a Call