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ForkastLabs Launches Digital Asset Indexes for Real-Time Insight

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On March 7, Web3 data intelligence company ForkastLabs launched a series of digital asset indexes, including Forkast 500 NFT, Forkast SOL NFT Composite and For…

ForkastLabs Launches Digital Asset Indexes for Real-Time Insight

On March 7, Web3 data intelligence company ForkastLabs launched a series of digital asset indexes, including Forkast 500 NFT, Forkast SOL NFT Composite and Forkast ETH NFT Composite, which will provide real-time insight into the economic performance of digital asset tokenization. It is reported that Forkast Labs is a global data, media and Web3 infrastructure company, formed by the merger of multi-chain NFT data service providers CryptoSlam and Forkast. News in January 2023, and co-founded by former Bloomberg TV anchor Angie Lau.

Web3 data intelligence company Forkast Labs launched NFT digital asset index series

Interpretation of the news:


On March 7, ForkastLabs, a web3 data intelligence company, announced the launch of its digital asset indexes, which comprise of Forkast 500 NFT, Forkast SOL NFT Composite, and Forkast ETH NFT Composite. These indexes will provide real-time insight into the economic performance of digital asset tokenization. The development of these indexes serves as an indication of the growing interest in the cryptocurrency market and tokenization of assets, such as artworks, collectables, and other digital assets.

ForkastLabs was formed by the merger of two multi-chain NFT data service providers, CryptoSlam and Forkast, in January 2023, and co-founded by former Bloomberg TV anchor Angie Lau. The company specializes in providing real-time data analysis, news, and insights for the emerging web3 industry. The launch of these digital asset indexes is a major step towards providing investors with meaningful data to help them make informed investment decisions on digital assets.

The Forkast 500 NFT index tracks the performance of the top 500 non-fungible tokens (NFTs) based on market capitalization. It provides investors with a comprehensive view of the NFT market and enables them to track the overall performance of this growing asset class. Meanwhile, the Forkast SOL NFT Composite and Forkast ETH NFT Composite are designed to track the performance of NFTs based on the Solana and Ethereum blockchains, respectively.

The launch of these indexes adds a new dimension to the cryptocurrency market and highlights the potential benefits of tokenization. Tokenization enables investors to gain exposure to assets that were previously difficult to access, such as artworks and other digital assets. It reduces the cost of investing, brings greater transparency to the market, and enables fractional ownership of assets.

In conclusion, ForkastLabs has taken a significant step towards providing investors with more meaningful data to enable them to make informed investment decisions on digital assets. As the market for digital assets continues to grow, more companies are likely to follow suit and provide similar indexes to meet the growing demand for meaningful data. The launch of these indexes highlights the growing importance of web3 data intelligence in the emerging cryptocurrency industry.

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