Instruction

Banksea NFT Oracle is divided into the following two modules:

• Collection-Level

  Based on the transaction and listing records on the chain，Banksea NFT Oracle calculates the market floor price, AI floor price, 24-hour average price and other data of the NFT collections in real time, and synchronizes these data on chain. AI floor price is the minimum value of the AI valuation of all NFTs in a collection, preventing the instability of the market floor price and attacks from short-term manipulation.

• NFT-Level

  Banksea NFT Oracle analyzes comprehensive basic data of NFTs, extracts multi-dimensional features, and trains AI models based on time series modeling. The AI model will generate a valuation for a certain NFT at regular intervals, in the meanwhile, the platform will perform regression verification based on the real-time NFT trading price and will continue to optimize the model to ensure accuracy. The result of the valuation includes a standard valuation and a valuation range. The standard valuation refers to the comprehensive evaluation result of the AI model, and the valuation range refers to the valuation boundaries of different models.

At present, Banksea offer 100 free feeding service on Collection-Level, which can be obtained through smart contract. And this article will explain how to use feeding data on-chain.