CoinAnalyst
Plans Roll Out of Enhanced Sentiment Analysis for NFTs
Toronto, Ontario -
November 30, 2021 -- InvestorsHub NewsWire
-- CoinAnalyst Corp. (CSE: COYX FSE: 1EO) ("CoinAnalyst"
or the "Company"),
a company that provides an artificial intelligence-based big data
analytics platform which delivers detailed AI-powered analysis of
market sentiment, fundamentals, and technical indicators to
investors in the digital asset sector and other industries,
announced today its plans to roll out an enhanced Sentiment
Analysis for passion-based NFTs.
"2021 has seen
the meteoric rise of the non-fungible token (NFT). The data we
collect shows a strong correlation between passion and investment,
which is especially true with NFTs. As passion grows for a
particular art, the price increases. Adding these indicators will
allow our sentiment analysis to evolve in a big way as Web 3.0
emerges." said Andrew Sazama, COO of CoinAnalyst.
In
an August 19, 2021, article entitled:
1,000 true fans? Just two will do with NFTs,
Li Jin of Atelier describes the passion economy as an economic
system that allows and encourages people to make money while
following their passions. NFTs are a new tool that assist creators
in reaching their true fans and forming lasting relationships with
them. (https://cointelegraph.com/magazine/2021/08/19/passion-economy-creators-arent-fungible-li-jin-of-atelier)
NFTs use the
blockchain to prove ownership and to confirm the authenticity,
scarceness, and uniqueness of a digital asset. While Web 3.0
defines the passion economy through the creation of high-quality
content and services.
"An
area of particular focus for the Company will be the music
industry. Musicians
and artists are at the forefront of the passion economy and are
seeking alternative ways to monetize. Through partnerships,
CoinAnalyst intends to leverage exclusive content which feeds into
our big data analytics platform, and ultimately, to our
subscribers." said Pascal Lauria, CEO of CoinAnalyst.
The
music industry has been slow to change, locking up artists by
controlling production, distribution, marketing, and promotion. For
every superstar there are countless others that are beholden to
their label. This control, along with rampant piracy, has led
artists to find alternative ways to grow their own
platforms.
Kurt
Patat, the former SVP of Communications at MTV/CMT wrote in a July
9, 2021, article: "Crypto allows performers of all levels to own
their financial relationship with fans instead of relying on the
traditional record label system and/or tech giants to serve as a
middleman. Artists are using NFTs to earn
a years' worth of streaming revenue in one
day and unlock
unique experiences for fans without
relying on a centralized platform to facilitate it. Moreover,
crypto gives artists control over their own economic success."
(https://www.fastcompany.com/90651595/for-the-music-industry-cryptocurrency-will-be-as-disruptive-as-mtv)
About
CoinAnalyst
CoinAnalyst provides an
artificial intelligence-based big data analytics platform
that enables
investors in the digital asset sector and other industries detailed
AI-powered analysis of market sentiment, fundamentals, and
technical indicators.
The platform monitors and analyzes real-time data from the digital
asset market (Coins/Tokens/NFTs/initial offerings). The software
monitors news sources, tracks influencers, scans online social
media, and provides sentiment analysis, forecast and trade signals
on the top 300 digital assets (more are added regularly).
Additionally, the software system provides news, price quotes, and
allows for messaging. A mobile version and professional terminal
are in development with expected availability in Q1, 2022. The
platform is accessed through a monthly subscription model, which
ranges in prices depending on whether the plan is basic,
professional, or corporate. The platform is sold through
business-to-consumer (B2C) and through
business-to-business-to-consumer (B2C2C). To learn more about
CoinAnalyst: www.coinanalyst.tech
For more
information, please contact:
Andrew
Sazama
Chief Operating
Officer and Director
Email: contact@coinanalyst.tech
Phone: + 49 69
2648485 - 20
For Media interview requests,
please contact:
Nelson
Hudes
Hudes
Communications International
Email: nelson@hudescommunications.com
Phone: (905)
660-9155
Forward
Looking Information
This
press release contains forward-looking statements and
forward-looking information within the meaning of applicable
Canadian and U.S. securities laws. The use of any of the words
"expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans",
"intends" and similar expressions are intended to identify
forward-looking information or statements. Forward-looking
statements in this news release may include, but are not limited
to, statements with respect to internal expectations, the Company
being able to successfully execute its business strategy,
statements regarding the development of a mobile version of the
platform and professional terminal, the continued availability of
capital and financing, and general economic market or business
conditions. The forward-looking statements and information are
based on certain key expectations and assumptions made by
management.
Although
management of the Company believes that the expectations and
assumptions on which such forward-looking statements and
information are based are reasonable, undue reliance should not be
placed on the forward-looking statements and information. There can
be no assurance that they will prove to be correct. By its nature,
such forward-looking information is subject to various risks and
uncertainties, which could cause the actual results and
expectations to differ materially from the anticipated results or
expectations expressed. These risks and uncertainties, include, but
are not limited to, general economic conditions, the state of the
regulatory environment in which the Company operates, competition,
loss of markets, inability to access sufficient capital from
internal and external sources, currency and interest rate
fluctuations, and other risks. Please refer to the Listing
Statement for more details on the risks faced by the Company.
Readers are cautioned not to place undue reliance on this
forward-looking information, which is given as of the date hereof,
and to not use such forward- looking information for anything other
than its intended purpose. Management of the Company undertakes no
obligation to update publicly or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by law.
