Intelligent NFT Pricing tool
Problem to Solve:
For any NFT artist launching a collection, the pricing is done mostly arbitrarily. They may seek inspiration for other artists who have launched a collection and price it but they seldom take into consideration the finer details such as royalties.
They often don’t realize that charging a royalty significantly reduces the upfront price. Collectors & traders will simply be willing to pay less at mint (adjusted for the expected royalty payment at resale).
Possible Solution:
A tool which offers intelligent price suggestions to the NFT artists launching a new collection. Suggestions can be based on factors such as its uniqueness, rarity, perceived quality, and demand from potential buyers. The tool would also consider historical data on the prices of similar NFTs, as well as broader market trends and conditions that can impact the NFT market.
It will allow artists to offer both types of prices at mint - with royalties and without royalties
The tool could be integrated into an NFT marketplace like Magic Eden or used as a standalone application.
Resources:
Related Ideas
