Nft is presently being used more and more frequently. Along with the proliferation of nft projects, prominent businesses and celebrities are also launching nft.
Although more people are holding NFTs, the development of NFTs has been significantly constrained by the poorly addressed liquidity issue. Due to the distinctiveness of NFT assets, even NFTs from the same series differ greatly from one another and their ability to trade is subject to subjective judgment. As a result, there is no standard price for NFTs, making their valuation challenging, which contributes to their liquidity issue.
For the growth of the entire ecosystem, the NFT valuation problem must be solved, and Narawat works as a NFT price oracle that values all NFTs.
The answer proposed by Narawat is a valuation of all nft based on experts, which is ensured to be accurate by an economic system of rewards and penalties for experts (Slash). The valuation process is ongoing, allowing the user to access the appraised nft in real time.