Why did Bison Fund invest in bitsCrunch?

The year 2021 was a landmark year for the Non Fungible Tokens (NFTs) with the changing narrative and increasing adoption by collectors and creators alike. With the growing clamor for decentralization and ownership economy, NFTs are redesigning the internet as it frees the users and creators from the clutches of invasive, extractive and centralized intermediaries and enables them to sell their work for millions of dollars at NFT marketplaces.??

However, the ecosystem currently is froth with inefficiencies. Firstly, while NFT as a concept did witness a breakout last year, so did the NFT scammers. The scams are playing out majorly through washtrading - the process of artificially inflating the prices in which a trader takes both sides of the trade. On an average, 20% of NFTs are being affected by wash trade misleading market price information. Secondly, the proliferation of? counterfeit and plagiarized NFTs by fraudsters makes it difficult for buyers to differentiate between the original and fake ones. Thirdly, assessing the correct valuation of the NFT is another challenge as research suggests that 15% of the NFT prices are inflated. Lastly, NFT traders often have difficulty in tracking historical activity as a number of collections are distributed across different marketplaces and blockchains. As a result, managing/portraying the collections/portfolio effectively is crucial.

While, the NFT mania continues to mushroom with it several potential use cases in the areas of art, music, digital fashion, gaming, real estate, intellectual property and many more other than just trading, it has become all the more imperative to secure the entire NFT ecosystem right from providing NFT analytics, identifying washtrading, accessing valuations to ensuring authenticity of the listed NFTs at the marketplaces.?

bitsCrunch is an NFT focused AI (Artificial Intelligence) and blockchain analytics platform that aims to bridge the gaps and address the challenges that are currently plaguing the NFT ecosystem. By creating impactful insights from intricate data sources and predictive analytical systems, bitsCrunch empowers organizations with actionable intelligence. Through its four powerful products, bitsCrunch not only helps in securing the NFT ecosystem but also provides industry relevant analytics that aids in launching NFT ventures:

• Crunch DaVinci - An AI plagiarism checker
• Liquify - A fair value NFT estimator
• Scour- An NFT watchdog to identify wash trades and manipulators
• Unleash -? NFT analytics with speed, accuracy and reliability

bitsCrunch is amongst the top four AI companies in Germany backed by an all star team. Co-founders Vijay Maharajan and Saravanan Jaichandaran are seasoned experts in blockchain technology and come with diverse experience in Analytics, Data Science and Machine Learning. Bison Fund believes that going ahead, bitsCrunch will pioneer as the NFT ecosystem guardians, being one of the early movers in this space. We, Bison Fund, could not be more excited to partner with them on the road ahead, as they prove beyond a shadow of a doubt that NFT and creator economy are the future. Welcome, bitsCrunch!