The NFT space, though filled with creative energy, has historically struggled to establish a balance of equitable and accurate valuation. As it stands today, launches feel more like the Wild West and with that, creators and traders alike are more prone to market manipulation and missed opportunities. FearlessToken.com is proud of the risk taking and critical thinking displayed by Signals. What’s more, they’re helping to clean up this wild west by putting data-driven price discovery first. By leveraging ‘Bars’, Signals’ vision is to transform the NFT primary market experience on any blockchain, at scale.

Signals is designed as a go-to-market platform. It is engineered to determine a fair market price for items within any launch, on any blockchain, on any drop site. Signals reveals the demand signals you can’t see, giving creators actionable insights to help you make better pricing decisions. It provides for traders’ access to reliable, up-to-date information. Being chain-agnostic, the platform further opens up liquidity opportunities to traders on varied blockchain ecosystems, ensuring equitable access for all. This is especially important in a field where accessibility and transparency are of the utmost importance.

How Signals is Revolutionizing NFT Price Discovery

At the core of Signals’ novel approach is the $BARS token. The $BARS token is central to the proposed model of gamifying financial education and trading. It powers the purchase of Banksters NFTs through third-party marketplaces and its own platform. This token fuels a creator-focused ecosystem tailored to help creators and traders alike in five major ways.

Benefits for Creators

  • Informed Pricing Decisions: By analyzing market data, creators can set prices that reflect the true value of their NFTs, maximizing their potential earnings.
  • Optimized Revenue: Data-driven pricing helps creators identify the optimal price for their NFTs, taking into account factors such as demand, competition, and market trends.
  • Better Understanding of Market Dynamics: Analyzing data on NFT sales and demand helps creators understand how their art is perceived by collectors and investors, allowing them to adjust their pricing strategies accordingly.
  • Identifying Trends and Opportunities: Data-driven pricing enables creators to spot trends and opportunities in the market, such as surges in demand for specific types of NFTs or artists.
  • Reducing Pricing Errors: By relying on data rather than intuition, creators can avoid underpricing or overpricing their NFTs, reducing the risk of lost revenue.

Benefits for Traders

  • Chain-agnostic platform: Signals is a chain-agnostic platform, which means it provides opportunities for traders across different blockchain ecosystems, promoting fair access.
  • Curated NFT signals: Signals provides a minimum of 5 curated NFT signals per week to help traders execute NFT trades, giving them an equal chance to participate in the market.
  • No more under-pricing or over-promising: Signals aims to prevent under-pricing of art and over-promising on large supply, promoting a fair market for NFT traders.

Addressing the Problems in the NFT Space

Signals cuts through the noise Signals directly tackles many of the NFT market’s most damaging issues. Over the last year, one of the most obvious issues with blockchain has been outrageous gas fees. These costs frequently outweighed NFT prices, making it impossible for many to purchase. Signals' data-driven approach aims to ensure fairer pricing from the outset, reducing the likelihood of artificially inflated gas fees due to frantic bidding wars.

The platform additionally addresses combating insider trading and other frauds. OpenSea, most notably, banned insider trading after an employee defrauded buyers. It’s all too easy for scam artists to create and sell fake NFTs. They are able to create counterfeit websites or marketplaces that lead victims to believe they are acquiring legitimate NFTs. By encouraging transparency and data-driven decisions, Signals hopes to foster an environment that is more credible and transparent for creators and collectors alike.

Better market efficiency is a spinoff benefit of Signals’ locality-first approach. Better, data-driven price discovery makes NFT pricing far more accurate and efficient. This process minimizes information asymmetry, helping equip both buyers and sellers with the understanding needed to make informed decisions. This ultimately benefits the entire NFT ecosystem as a whole by fostering sustainable growth and innovation.