- It tracks price changes for tokens
- The package of indices includes three products, for Solana, Ethereum and the market as a whole
On Monday, March 6, the analytical company Forkast Labs introduced a set of indices. In fact, this is a kind of cryptocurrency analogue of the S&P 500 and Nasdaq Composite, but in the context of NFT.
They allow you to track price changes for tokens, in particular for blue chips. The package includes three indices – Forkast 500 NFT (best collections), Forkast SOL NFT Composite and Forkast ETH NFT Composite.
The “flagship” of this series is the first product. At Forkast Labs declaredthat it is based on “billions of data points” and allows you to track the situation in the market as a whole.
All information is indexed, systematized and updated in real time. You can find indices on the official website of the company (ForcastLabs.xyz).
Notably, the portal also has interactive widgets. Thanks to this, the market statistics window can be inserted on another site.
With this product, the company expects to restore the audience’s trust in the entire cryptographic industry. It is noteworthy that there is no index for tracking Ordinals yet and it is not known if it will be added in the future.
Note that Forkast Labs entered the market in January of this year. The company appeared as a result of the merger of Forkast.News and the CryptoSlam NFT tracker. The firm is closely associated with Animoca Brands and is supported and funded by the organization.