Allora Labs
AI research & development lab building Allora, a self-improving decentralized AI network
- 21-100 employees
- B2B
- Cryptocurrency
- Blockchain
- Art
- Web 3.0
- Lower Roxbury, Boston, MA
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Company mission
To commoditize the world's intelligence.
Our take
The NFT industry grew rapidly throughout the early '20s, and its associated cryptocurrencies led to extremely volatile pricing. Whilst many lucky investors made money from such volatility, it has overall increased the adverse risk associated with investing in NFTs, reducing the certainty of a price and thus deterring potential investors.
Allora leverages machine learning and crowdsourcing technology to aggregate and present near-real-time price feeds for NFTs, providing this information through a platform and API. The API facilitates integration within NFT marketplaces, portfolio trackers, and other DeFi protocols, helping businesses to provide their customers with accurate NFT pricing.
Whilst skepticism about the future value of NFTs will present significant challenges for Allora, the company shows great potential to combat this by attempting to introduce a more comprehensive and accurate pricing protocol for NFTs. Through this approach, the company hopes to increase visibility into NFT pricing, ultimately minimizing risk and thus boosting investment.
Freddie
Company Specialist at Welcome to the Jungle
Leadership
Nick Emmons
(Co-Founder & CEO)Prior to co-founding Allora Labs in 2019, Nick spent nearly 2 years at John Hancock as a Lead Blockchain Engineer.