HK-based web3 data intelligence firm Forkast Labs recently unveils the first of its range of Forkast Indexes — which monitor the market performance of digital assets in real-time.
Forkast 500 NFT, Forkast SOL NFT Composite, and Forkast ETH NFT Composite are some of the earliest indexes in the series that will be released, and they will give users real-time information about the tokenized market of digital assets. The flagship Forkast 500 NFT index is based on billions of on-chain data points that are constantly updated, indexed, and structured. It is regarded as a proxy for the whole NFT industry.
As of today, ForkastLabs.xyz, CryptoSlam.io, and Forkast.News all offer simultaneous access to the Forkast Indices. Third-party websites can include real-time Index data on their websites by downloading live widgets from Forkast Labs.
Randy Wasinger, co-founder and co-CEO of Forkast Labs, said that the Forkast Indexes leverage CryptoSlam’s upsides as the industry pioneer in multi-chain NFT data indexing and organisation, but will soon include cryptocurrencies.
The world is moving quickly towards a digital economy, but traditional measures are typically incomplete, fragmented, and price-centric, according to Angie Lau, co-founder and co-CEO of Forkast Labs.
“By deploying standard methodologies, Forkast Labs can provide a deeper and more substantive view of fundamental performance of digital assets. These tools can help every investor and participant to navigate the digital economy with greater clarity,” said Lau.
Don Tapscott, co-founder and executive chairman of the Blockchain Research Institute in Toronto, commented on the release, claiming that the potential of Web3 has been hindered by mistrust in the global digital economy, which has extended the crypto winter. The Forkast Indices serve as a crucial safety net to guarantee that trust is reestablished, clarity is achieved, and transactions are completed with confidence and integrity.
