Animoca-backed Forkast Labs creates S&P 500 of NFTs
Media and web3 infrastructure player Forkast Labs created a suite of index trackers for digital assets, which measure data from different parts of the sector in real-time. These include trackers called the Forkast 500 NFT, Forkast SOL NFT Composite and Forkast ETH NFT Composite. The founders of the business hope these can go some way to restoring trust in crypto data.
Forkast Labs emerged in January this year following the merger of media company Forkast.News and NFT tracker CryptoSlam. The pair are portfolio companies of software investment giant Animoca Brands. At the time, Forkast Labs' editor in chief and co-CEO Angie Lau, who is a former Bloomberg anchor, said part of the mission statement of the pairing was to regain trust in crypto. “The world is speeding towards a digital economy, but the traditional metrics often only give a myopic view as they are largely fragmented, price-centric and incomplete," said Lau in a statement.
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