apollo private equity

CoinAnalyst Plans Roll Out of Enhanced Sentiment Analysis for NFTs

CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) ("CoinAnalyst" or the "Company"), a company that provides an artificial intelligence-based big data analytics platform which delivers detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators to investors in the digital asset sector and other industries, announced today its plans to roll out an enhanced Sentiment Analysis for passion-based NFTs.

"2021 has seen the meteoric rise of the non-fungible token (NFT). The data we collect shows a strong correlation between passion and investment, which is especially true with NFTs. As passion grows for a particular art, the price increases. Adding these indicators will allow our sentiment analysis to evolve in a big way as Web 3.0 emerges," said Andrew Sazama, COO of CoinAnalyst.

In an August 19, 2021, article entitled: 1,000 true fans? Just two will do with NFTs, Li Jin of Atelier describes the passion economy as an economic system that allows and encourages people to make money while following their passions. NFTs are a new tool that assist creators in reaching their true fans and forming lasting relationships with them. (https://cointelegraph.com/magazine/2021/08/19/passion-economy-creators-arent-fungible-li-jin-of-atelier)

NFTs use the blockchain to prove ownership and to confirm the authenticity, scarceness, and uniqueness of a digital asset. While Web 3.0 defines the passion economy through the creation of high-quality content and services.

"An area of particular focus for the Company will be the music industry. Musicians and artists are at the forefront of the passion economy and are seeking alternative ways to monetize. Through partnerships, CoinAnalyst intends to leverage exclusive content which feeds into our big data analytics platform, and ultimately, to our subscribers," said Pascal Lauria, CEO of CoinAnalyst.

The music industry has been slow to change, locking up artists by controlling production, distribution, marketing, and promotion. For every superstar there are countless others that are beholden to their label. This control, along with rampant piracy, has led artists to find alternative ways to grow their own platforms.

Kurt Patat, the former SVP of Communications at MTV/CMT, wrote in a July 9, 2021, article: "Crypto allows performers of all levels to own their financial relationship with fans instead of relying on the traditional record label system and/or tech giants to serve as a middleman. Artists are using NFTs to earn a years' worth of streaming revenue in one day and unlock unique experiences for fans without relying on a centralized platform to facilitate it. Moreover, crypto gives artists control over their own economic success." (https://www.fastcompany.com/90651595/for-the-music-industry-cryptocurrency-will-be-as-disruptive-as-mtv)

About CoinAnalyst

CoinAnalyst provides an artificial intelligence-based big data analytics platform that enables investors in the digital asset sector and other industries detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators. The platform monitors and analyzes real-time data from the digital asset market (Coins/Tokens/NFTs/initial offerings). The software monitors news sources, tracks influencers, scans online social media, and provides sentiment analysis, forecast and trade signals on the top 300 digital assets (more are added regularly). Additionally, the software system provides news, price quotes, and allows for messaging. A mobile version and professional terminal are in development with expected availability in Q1, 2022. The platform is accessed through a monthly subscription model, which ranges in prices depending on whether the plan is basic, professional, or corporate. The platform is sold through business-to-consumer (B2C) and through business-to-business-to-consumer (B2C2C). To learn more about CoinAnalyst: www.coinanalyst.tech

For more information, please contact:

Andrew Sazama
Chief Operating Officer and Director
Email: contact@coinanalyst.tech
Phone: + 49 69 2648485 - 20

For Media interview requests, please contact:

Nelson Hudes
Hudes Communications International
Email: nelson@hudescommunications.com
Phone: (905) 660-9155

Forward Looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Forward-looking statements in this news release may include, but are not limited to, statements with respect to internal expectations, the Company being able to successfully execute its business strategy, statements regarding the development of a mobile version of the platform and professional terminal, the continued availability of capital and financing, and general economic market or business conditions. The forward-looking statements and information are based on certain key expectations and assumptions made by management.

Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information. There can be no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to, general economic conditions, the state of the regulatory environment in which the Company operates, competition, loss of markets, inability to access sufficient capital from internal and external sources, currency and interest rate fluctuations, and other risks. Please refer to the Listing Statement for more details on the risks faced by the Company. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward- looking information for anything other than its intended purpose. Management of the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105791

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Bitcoin Well (TSXV:BTCW)

Bitcoin Well


Keep reading...Show less
bitcoin symbol with green bar chart

Bitcoin Sets New Price Record, Surpasses Market Cap of Silver

Bitcoin has hit a new milestone, surpassing the US$72,000 mark in the early hours of Monday (March 11).

The world’s leading cryptocurrency has surpassed analysts' expectations quite a few times over the last two weeks, steadily rising as anticipation of the Bitcoin halving builds and as more investors gain exposure to the popular cryptocurrency through spot Bitcoin exchange-traded funds (ETFs), which were recently approved in the US.

“Major financial institutions are now actively involved in holding and trading BTC, catering to high-net-worth clients, thereby enhancing the significance and acceptance of digital assets within the financial industry," said research analyst Matteo Greco of Fineqia International (CSE:FNQ) in an emailed note.

Keep reading...Show less
bitcoin with blue up arrow

Tech 5: Bitcoin Price Hits New Record, Apple Fined by EU, Novo Nordisk Shares Jump

Bitcoin had its hottest streak in over two years this week, hitting two new all-time price highs.

Meanwhile, pharma giant Novo Nordisk (NYSE:NVO) briefly overtook Tesla (NASDAQ:TSLA) in terms of market cap size, potentially signaling the rise of new power players beyond Silicon Valley.

Also this past week, a former Tesla employee joined Hugging Face as the startup embarks on a new hardware project, and Anthropic released the newest version of its language model family, Claude 3.

Keep reading...Show less
crypto coins

Bitcoin Price Reaches New Record High, Then Pulls Back

The Bitcoin price surged to a new all-time high of US$69,208 on Tuesday (March 5), according to data gathered from CoinDesk, breaking its previous record of just below US$69,000.

The milestone was achieved after a week-long rally, during which the cryptocurrency achieved staggering year-on-year growth of 201 percent. Together the most popular coins experienced average growth of 10 percent week-on-week.

On Monday (March 4), Bitcoin broke global records by surpassing 60,000 euros (about US$65,000) and coming within reaching distance of its previous high in US dollar terms. The cryptocurrency then surged almost 8 percent in 24 hours to trade at US$67,758, less than 2 percent away from the record it set in November 2021.

Keep reading...Show less
Bitcoin price chart.

Bitcoin: A Brief Price History of the First Cryptocurrency (Updated 2024)

In just over a decade, Bitcoin has grown a cult-like following and surged to impressive heights. Now the cryptocurrency of choice, its meteoric rise has been unlike any other commodity, resource or asset — and already in 2024 is on the verge of breaking its record high.

Bitcoin, the most well-known cryptocurrency, has paved the way for the growing cryptocurrency asset class, surging to an all-time high of US$68,649.05 on November 10, 2021. Benefiting from excess cash in the market and investor interest, the price of Bitcoin rose more than 1,200 percent between March 2020 and November 2021 before stuttering in 2022.

As for its price history this year, Bitcoin started 2024 slightly above the US$44,000 mark, but has since spiked to trade at US$61,113 as of February 29, 2024.

Keep reading...Show less
man in hoodie in front of laptop with bitcoin symbol

Tech 5: S&P 500 Achieves Record Close, Australian Businessman Claims to be Satoshi Nakamoto

The S&P 500 (INDEXSP:.INX) achieved another record close this week, finishing above 5,000 for the first time.

Meanwhile, Australian computer scientist Craig Wright took the stand in London to defend his claim that he is Satoshi Nakamoto, the creator of Bitcoin. Plus Google rebranded its chatbot, previously known as Bard.

For these stories and more, keep reading for the Investing News Network's round-up of the top stories this week in tech.

Keep reading...Show less

Latest Press Releases

Related News

×