Redefining NFT ownership through infrastructure, Quoth’s oracle API and SDKs enable any wallet, marketplace, or protocol to accurately search and list authenticated NFTs.
Redefining NFT ownership through infrastructure, Quoth oracle API and SDKs enable any wallet, marketplace, or protocol to accurately search and list authenticated NFTs. Its artificial intelligence is in the process of indexing every NFT in existence into comprehensive data sets. The platform offers a Google-like NFT search using everyday semantics combined with machine learning. Instant oracles offer authentication and suggested behavioral NFT buy lists. In addition, the platform offers all-chain fractional bridging.
The vision of the team
The team behind Quoth is one of the professionals with a track experience of working and leading successful Blockchain and DeFi companies. The vision of Quoth is to advance to the next level for the NFT evolution trajectory, by exploring the many use cases they could have in the future and coming up with comprehensive solutions to meet the foreseeable spike in NFT demand, which may result from it.
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The team has previously talked about the crucial role NFTs could play in establishing authenticity via storing on-chain data about goods people would like to acquire in real life, such as cars, blueprints, real estate, or any other type of documentation of an asset. Through NFTs, one could check the manufacturing date and the condition of the asset, through different parameters such as energy efficiency, building or manufacturing year, fuel consumption, and so on. In this context, NFTs are set to surpass the current trend of collectibles and make the leap towards real-world utility by being a reliable and widely accepted tool for monitoring the parameters of various assets.
The technology
Technology-wise, Quoth pulls on-chain data to help the trader distinguish between original NFT collections and fake ones thus protecting the creator from art theft and the collector from buying a fake copy of the original NFT.
However, Quoth doesn’t plan to stop here, the ever-growing demand for NFTs presents itself with new needs and opportunities. On-chain data can be used to determine the true value of an NFT against its real market value, through a sophisticated NFT appraisal technology, which would indicate a fair price for the collector. Future use cases could include NFT licensing, NFT fragmentation for maximized returns, and NFT wrapping for greater access to liquidity and a wider pool of collectors.
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