Season 3

Episode 14

Available Now

Appraising NFTs

Thu Mar 02 2023





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Show Notes

Appraising NFTs

Nick is a software engineer and a true crypto OG doing his first iterations since 2010. But was after having his first contact with a subjective consensus protocol that a new path unfold. That was the birth of Upshot, a protocol that today gives deep insight and appraisals into NFT markets for DeFi, a new intersection of possibilities.

00:00 - 5:39: Who’s Nick

5:40 - 10:14: Upshot

10:15 - 13:05: Subjective Consensus into NFTs

13:06 - 15:49: How it Works

15:50 - 19:19: Appraising more than FP

19:20 - 21:25: Financializing NFTs

21:26 - 25:00: Walkthrough from User

25:01 - 28:40: Future of DeFi w/ NFTs

28:41 - 33:05: Defi Dev

33:06 - 35:44: GMI

35:45 - 39:35: Web3 Brand

39:36 - 41:47: Current State

41:48 - 42:39: How much?

42:40 - 44:16: Alerts

44:17 - 47:05: New Metrics Features

47:06 - 47:22: Team

47:23 - 51:07: Manifold and OE

51:08 - 52:20: Recommended Wallets

52:21 - 56:05: Tracking and GMI

56:06 - 1:01:37: Gaming Space

1:01:38 - 1:03:17: Rounding Off


DeFi - Decentralized Finance (DeFi) refers to a financial system built on top of public blockchains that enables permissionless access, transparency, and programmability of financial services. It aims to remove intermediaries and provide more control to individuals over their financial assets.

Impermanent Loss - Impermanent loss is a risk that liquidity providers in automated market maker (AMM) systems face due to changes in the price ratio of the tokens they provide. If the ratio of tokens changes too much, the liquidity provider may end up with fewer assets than they originally provided, resulting in losses.

Floor Price - Floor price refers to the minimum price at which a particular asset, such as a cryptocurrency or an NFT, is being sold on a marketplace. It is typically used as a benchmark for pricing, and any sale below the floor price is considered to be a bargain. The floor price can fluctuate depending on market demand and supply.

Longs - In finance, a "long" position refers to the act of buying an asset in the hopes that it will increase in value over time, enabling the investor to sell it at a profit.

Shorts - In finance, shorting refers to borrowing and selling an asset in the hopes of repurchasing it at a lower price to make a profit. It's essentially betting against the asset's price, with the goal of making money if the asset's price falls.

Liquidity Pool - A liquidity pool is a collection of funds in a decentralized finance (DeFi) protocol that is locked in a smart contract. These funds are used to facilitate trading, and users can earn rewards for providing liquidity to the pool. Liquidity pools help to ensure that there is enough liquidity available to facilitate trades in DeFi protocols.

Open Editions - Open Editions are NFTs that have an unlimited number of copies available for purchase. Unlike limited editions that have a fixed number of copies, open editions can be minted continuously. This means that anyone can purchase an open edition NFT at any time, and the number of copies in circulation can continue to increase indefinitely.

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