PixelPlex > Case Studies > Data-Driven BI Service for NFT System

Data-Driven BI Service for NFT System

Technology Category

Analytics & Modeling - Real Time Analytics
Application Infrastructure & Middleware - Blockchain
Cybersecurity & Privacy - Application Security
Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Use Cases

Cybersecurity

Services

Cybersecurity Services

The Challenge

The exponential growth of NFTs has attracted many creators, businesses, and NFT enthusiasts, willing to invest in the NFT market. In 2021, the sales of NFTs hit $17,6 billion with most of them occurring on secondary markets.

NFT collectibles have turned into one of the most profitable capital investments. At the same time, the huge growth of the NFT sphere has eventually resulted in an increasing number of scams and frauds like blacklists, wash trades, duplicates, and more. Therefore, NFT buyers, creators, and businesses are now struggling to make quality investment decisions and avoid risks.

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The Customer

Vasiliy Karpitski and Alexei Dulub

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About The Customer

Vasiliy Karpitski and Alexei Dulub are entrepreneurs and blockchain enthusiasts with more than 30 years of joint experience in technology and software development. After analyzing the market potential as well as challenges associated with NFT investment, the technology evangelists decided to join hands to develop a smart solution that would help NFT investors make informed decisions.

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The Solution

To help NFT enthusiasts and investors avoid fraud, evaluate risks, make better decisions, and earn yield, the startup decided to build CheckNFT.iO — a platform that would collect and analyze large amounts of data from the blockchain network and ML models.

The platform would allow anyone interested in the NFT industry to easily verify NFT collectibles, find gems, and tackle scams while delivering tangible benefits for enterprise customers and analytical firms by providing them with easy access to up-to-date NFT data.

The PixelPlex team was assigned to build the CheckNFT.iO solution.

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Operational Impact

[Data Management - Data Analysis]
- Sophisticated, intelligent platform that pulls data from multiple sources (blockchain, marketplace, metadata standards, etc.) for NFT analysis
- Data intelligence and analytics tools that leverage AI-enriched data to track trends and deliver actionable data
[Product Improvement - User Experience]
Browser extension for top marketplaces like OpenSea, Rarible, SuperRare, Nifty Gateway, MakersPlace, and Foundation to ensure seamless user experience

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