Decentralised NFT pricing with collective intelligence
Lithium Finance, Web3, Price2Earn Protocol
Innovating NFT Valuation with AI and Human Insight
About
The Web3 and NFT markets face unique challenges due to the rapid pace of change and limited transaction data, which hinders AI's ability to accurately price assets. Our introduction of the "Price2Earn" protocol aimed to mitigate this by harnessing closer-to-market transaction data and integrating human performance factors.
The launch of our testnet was a significant achievement, gathering more data than anticipated, which enhanced our AI's training and accuracy in NFT valuations. Although the market experienced a downturn post-launch, the project provided invaluable experience in navigating and understanding the Web3 market dynamics.
Role
UX design
Persona development
Prototyping and user testing
Wireframing
Interaction design
Marketing material design
Branding and design system
Process
Tackling Design Complexity with Iterative Prototyping
I was the sole designer tasked with creating and communicating the complex Web3 pricing protocol to the public, potential investors, and partners. I have to design a website to clearly articulate the project's vision and operational mechanics and design a interactive pricing protocol that allows users to stake money and earn rewards, educating them on how our Reputation Token (RP) functions.
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Designing the money and RP staking application was the most challenging aspect of the project. The process involved over ten ideation and prototyping sessions to refine the interface, ensuring it was both intuitive and easy to learn. This iterative approach was crucial in developing a final design that was tested and validated by the community, proving its effectiveness even to less experienced users.
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The launch of our testnet was a significant achievement, gathering more data than anticipated, which enhanced our AI's training and accuracy in NFT valuations. Although the market experienced a downturn post-launch, the project provided invaluable experience in navigating and understanding the Web3 market dynamics.
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Application: lith.finance/app
