Upshot Description
Upshot is a protocol that employs appraisal games to encourage individuals to provide honest responses to subjective inquiries. Its inaugural product focuses on facilitating an effective price-discovery mechanism for NFTs by compensating experts for their truthful evaluations, thereby creating new opportunities for specialists and paving the way for innovative DeFi primitives. Upshot One operates as a question-and-answer protocol that utilizes a novel area of mechanism design known as peer prediction, which is intended to motivate users to answer questions with integrity. The protocol's goal is to consistently and effectively match genuine responses to queries, enhancing various exciting applications, including efficient price discovery for niche assets, decentralized insurance, governance, content curation, and beyond. As a modular system, Upshot One can be adapted for use in multiple key sectors, with the efficient price discovery of NFTs representing its initial deployment. Furthermore, the flexibility of the protocol ensures that it can evolve to meet the demands of future use cases as the ecosystem develops.
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