Lithium Finance and Palm NFT Studio Partner on Appraisals of One-of-a-Kind NFTs
Lithium Finance, the leading data oracle for private assets, has partnered with Palm NFT Studio to price rare NFTs.
The existing NFT market is dynamic, high-growth, and gaining in popularity, but it can also be volatile and vulnerable to market manipulation and wash trading. Why? Because NFTs often have no reference price. If there were more transparent, reliable pricing for NFTs, many investors currently choosing not to enter the market at all would join and even more capital could enter the NFT market. Trusted pricing is badly needed.
Lithium, backed by Pantera Capital and #Hashed has made it its mission to bring transparent pricing to all private asset classes, including NFTs. Palm NFT Studio, backed by ConsenSys, often lists one-of-a-kind NFTs with rarity characteristics, which are even more challenging to price.
Together, Lithium Finance and Palm NFT Studio will help create trusted pricing for NFTs to bring more liquidity and more confidence to this exciting but still nascent asset class. Bringing more discipline and transparency to NFTs and their pricing will ultimately increase credibility, improve their economics, and help the category transition from something hot to a long-term investable asset.
About Lithium Finance
Lithium Finance is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It rewards analysts who provide truthful information and punish those who offer false pricing data. As a result, Lithium’s users obtain pricing for all hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets effectively.
About Palm NFT Studio
Palm NFT Studio is a collective of technology, entertainment, cryptoart, and art industry leaders. The studio provides bespoke creative services for artists and rights holders looking to establish NFT marketplaces and next-generation work on Palm.
Palm NFT Studio was brought together by ConsenSys founder and Ethereum co-founder Joseph Lubin; film producer and owner of Heyday Films, David Heyman; and founder of world-class art house HENI Group, Joe Hage. The new venture is being led by co-founder and CEO Dan Heyman, former General Manager of protocols at ConsenSys. Initial projects launching on Palm include Damien Hirst’s The Currency with Heni and Candy Digital’s digital collectible program with Major League Baseball.
Working together with creators and rights holders, Palm NFT Studio is developing the Palm ecosystem on Ethereum to be both scalable and sustainable.