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Lithium Finance Partners with MonkeyBids for Better NFT Valuation

Thu, 11/03/2022 - 16:00
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Vladislav Sopov
Solana-based decentralized auction platform MonkeyBids scores partnersip with illiquid asset valuation tool Lithium Finance
Lithium Finance Partners with MonkeyBids for Better NFT Valuation
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MonkeyBids, a first-ever platform for on-chain auctions on Solana (SOL) blockchain, shares the details of its collaboration with Lithium Finance protocol.

MonkeyBids inks strategic partnership with Lithium Finance

According to the official statement shared by the MonkeyBids' team, it has scored an agreement with Lithium Finance, an instrument that makes the valuation of illiquid assets possible.

Largely, the collaboration will cover the next NFT offerings on MonkeyBirds. However, Lithium Finance's instruments allow clients to evaluate Web2 economic assets as well.

Unlike traditional valuation instruments, Lithium Finance collects data from social media to check out the sentiment of traders, commissioners, enthusiasts and analysts.

This information is analyzed by AI-powered tools to estimate the real attitude of people prior to the release of this or that NFT collection.

More accurate valuation for decentralized auctions

MonkeyBids CEO and co-founder Kelvin Ho is excited by the amazing opportunities the new partnership unlocks for his product and its customers:

Lithium is aggregating the community sentiment before every auction starts. This gives us and our collectors the confidence to understand how much does the community desire the auction item.

As a result of the collaboration, participants in decentralized auctions on Solana (SOL) organized by Lithium Finance can enjoy more accurate pricing for available assets.

Also, the two teams are going to organize joint events for Web3 enthusiasts, including games and quizzes with cryptocurrency rewards.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (, Monoreto, Attic Lab etc.)