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Vectorspace AI releases thematic Crypto Basket APIs for exchanges

By Joy Dumasia

December 27, 2021

  • AI Enabled
  • API
  • Crypto Baskets

Vectorspace AI, a subsidiary of Vector Space Biosciences, Inc., enables cryptocurrency exchanges with a thematic crypto baskets REST API available. This API allows for an exchange to offer tradable baskets of cryptos related to a theme, event or topic of any kind in real-time. The API is designed to spawn an ecosystem of new products for retail traders and investors, providing them with abilities similar to hedge funds or asset management companies operating advanced data engineering pipelines.

The Vectorspace AI thematic basket APIs can be used to:

  • Automatically generate a one-click or no-click tradable basket of cryptos or stocks related to a global event, theme or topic in real-time, e.g. ‘coronavirus’ or ‘gamestop’.
  • Deploy capital across a network of thematic baskets consisting of cryptos or stocks.
  • Create graph networks and relationship networks connecting cryptos or stocks.
  • Generate long, short, or hedged positions among baskets.

VectorScreen is an additional filtering package powered by the core crypto baskets API, enabling advanced screening and filtering using basic parameters such as market cap, liquidity, or sell pressure, in addition to advanced parameters such as context, concepts, or fine-grained themes. The VectorScreen API will be available both to exchanges and as a retail offering in Q1 2022, enabled with a retail-driven UI/UX available in Q2 2022.

Vector Space Biosciences’ datasets extend to applications in the financial and cryptocurrency markets, providing hedge funds, asset management companies, and institutions with solutions that generate alpha through its utility token, VXV. All datasets and thematic baskets include the symbol VXV and the option to acquire VXV as a utility token used to access the VXV wallet-enabled API where a customer’s wallet address doubles as a seed to a unique API key.

Kasian Franks, Founder and CEO of Vector Space Biosciences, Inc., said: “It’s like having your own dedicated NLP, AI, or Machine Learning pipeline. This opens up a new world of thematic investing where baskets of cryptos or stocks can be generated based on a theme or global event in real-time using similar ‘language modelling’ techniques used to predict the way proteins fold by DeepMind’s AlphaFold2.”

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