bitsCrunch

bitsCrunch aims to provide a stable and reliable experience in the digital asset markets (NFT). NFT markets, like cryptocurrencies, are highly speculative. Without the proper tools to rescue NFT investors in the broader landscape, bitsCrunch acts as a custodian of the NFT ecosystem.

• Facilitate the adoption of non-fungible tokens by enhancing their liquidity
• To provide a transparent NFT marketplace that enhances the credibility of an asset
• Build models to estimate the true value of assets
• Produce tailored market reports & competitor analysis to help projects better understand their customers or marketing opportunities

UnleashNFTs is our NFT market cap website providing near-real time tracking and analytics on NFTs. It will provide key NFT statistics in an easy to consumable way and enable the user to make informed decisions. We will also enable many B2C functionalities accessible through the website. Product Scour provides services around wash trade detection and prevention. It scours through all NFT transactions to identify patterns that are classic wash trading and flags it. It utilizes AI and ML to continuously detect newer patterns and also eventually will have enough knowledge (data) to alert potential wash trade to help protect the NFT ecosystem. Product Liquify will enable users like NFT collectors/creators to estimate a fair price for an NFT based on multiple parameters (eg: NFT creators past track record, content type etc).Product Crunch DaVinci is our answer to clean up the NFT ecosystem of forgeries. We are working with top AI experts to create advanced models for detecting NFT art forgeries. Apart from these we are also building servers that are focused on enabling and protecting the NFT ecosystem.

Target group

bitsCrunch NFT ecosystem securing services can be used bythe following two categories of customer groups:

1. B2B customers - NFT Marketplace, Special Interest Groups/DAO, Blockchains and NFT Collections
2. B2B customers - NFT Collectors/Enthusiasts

bitCrunch's main technical objective is to provide analytical data on NFTs, NFT transactions, and wallets that hold NFTs. bitCrunch products rely on timely and accurate blockchain data, so there are multiple data sources to ensure that consistent and up-to-date information is available. AI/ML is used to find laundering patterns, understand on-chain and off-chain behavior, NFT token price movement, and continually detect other problems or opportunities to help the NFT ecosystem and the communities around it.

This figure shows the architecture of the bitsCrunch stack layers. Here kubernetes is used to achieve our technical goal of providing deep analytics on NFT, also kubernetes provides a vendor-independent infrastructure and helps in any potential migration or multi-cloud vendor scenario. The intelligence layer relies on both on-chain and off-chain blockchain data to run advanced algorithms and AI/ML models to identify laundering patterns and other useful information about NFTs. The Cognisense layer stores consolidated NMT data, which is then used to provide a wide range of services to secure the NMT ecosystem for different groups of customers. These services are provided through a user interface or can be accessed through secure APIs.

The bitsCrunch Utility Token (BCUT) is a core digital utility token and provides access to bitsCrunch services and the bitsCrunch network. It is intended to play a role in the functioning of the bitsCrunch ecosystem and is intended to be used exclusively as the primary utility token in the network.

The user is expected to have a certain number of BCUT tokens to use many professional features, and the user/institution/group is expected to accumulate/rent BCUT tokens for more advanced reports/insights, API access, and access to secure services.

Additional utility will come when we go into decentralization of bitsCrunch network and services