What is Quoth?

Quoth - Redefining NFT ownership through infrastructure

Quoth’s oracle API and SDKs enable any wallet, marketplace or protocol to accurately search and list authenticated NFTs. Its artificial intelligence is in the process of indexing every NFT in existence into comprehensive data sets. The platform offers a Google-like NFT search using everyday semantics combined with machine learning. Instant oracles offer authentication and suggested behavioral NFT buy lists. In addition, the platform offers all-chain fractional bridging.

Our Approach

Our AI multi chain originality checker authenticates any NFT then wraps it from one chain to all chains to be freely moved or traded.

The tech: AI breakdown

Through a carefully created Artificial Intelligence indexing system, all data pertaining to NFTs will be validated. The AI index will pull all associated transactions, timestamps, price changes, and originator information, as well as Metadata and links to the data. Definition of the system components, i.e. individual software components that will need to be introduced, such as blockchain module, OTC module, DEX, block explorer, wallet client software, external APIs, SDKs, etc.

The server is built on a microservice architecture and includes the next modules:

  • API Service — the module is responsible for the interaction of the user interface with the system. Provides a REST API. Interacts with the database and the Data Validator service (by TCP protocol) as a provider of data validation through the form.
  • Data Validator Server — the module is responsible for processing data validation requests. Designed with a modular approach to add new providers in the future. Supports both automated providers and manual data processing.
  • Payment Processor — the service is responsible for accepting payments. Built with a modular approach for the ability to integrate additional payment providers, including payment in cryptocurrency.
  • Data Publisher — the service provides functionality for sending data to the blockchain and IPFS network.

 

AI Index will be used as a data validator. It will identify NFTs on blockchains and pull the following data:

  • Contract addresses
  • All associated transactions, timestamps, price changes and originator information
  • Links to the data, contained in the metadata

Tokenomics

The Quoth Token is a functional multi-utility token which will be used as the medium of exchange between participants on Quoth in a decentralised manner. The goal of introducing Quoth Token is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Quoth without any intermediaries such as centralised third party entity/institution/credit.

Token Utility

Supply (MAX 55,000,000 tokens)

  • User rewards for rewards for neural net training and IA results feedback
  • Rewards for running on-chain oracles used to serve API endpoints
  • Rewards for bridge staking
 
 

Demand:

  • Payments for access to API’s across chains (Chainlink & TheGraph model)
  • Bridging fees
  • Staking to secure the bridge
 
 

Main Use-Cases

As we enter the authentication and search of NFT space, we must make sure the demand for our product is robust not only in crypto, but outside of it as well.

 

Quoth will appeal to and beyond collectors verifying originality of NFTs on any marketplace on any chain to prevent copies of other projects and authenticate originality.

 

  • Wallets and marketplaces verifying NFTs to ensure authenticity and originality.
  • Collectors get true market rates of NFTs rather than floor prices.
  • Marketplaces authenticating NFT projects for pre-listing to ensure authenticity.
  • Collectors bridging assets to all chains to gain access to deeper liquidity and yields using popular defi protocols.
  • Platforms seeking to securely bridge NFT assets to other networks to access a wider range of collectors.
  • Owners looking to maximize returns by fragmenting the original NFT into NFTs on multiple chains.
  • Future use case as NFT licensing mechanism replacing traditional copyright with a crypto native solution.
  • AI recommendation engine for NFT appraisals and similar for sale options algo.