Upshot Description
Upshot is a protocol which uses appraisal games to encourage people to answer subjective questions honestly. Our first product is an efficient price-discovery system for NFTs. Experts are paid for honest appraisals. This opens up new opportunities for experts and allows for powerful new DeFi primitives. One is a question-and-answer protocol. It uses a new field in mechanism design called peer prediction to encourage people to answer honest questions. Its purpose is to efficiently and reliably pair honest answers to questions. This allows and improves many exciting use cases, including efficient price discovery for esoteric asset, decentralized insurance and decentralized governance, content curation and many more. The modular protocol Upshot One can be used in many important verticals. The efficient price discovery of NFTs was its first application.