NFT Tools for Market Research

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NFT Tools for Market Research

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NFTs, being hailed as a potential new frontier for creators and investors, are still a relatively unknown market to many users actively involved in NFT trading. This article aims to introduce tools that aid in researching and analyzing the NFT market.

NFT Tools for Market Research

What Is an NFT?

NFT stands for Non-Fungible Token, a digital file recorded on a blockchain that is used to verify ownership and authenticity. NFTs can represent almost anything, including digital art, collectibles, in-game items, and more.

Each NFT is unique and cannot be replicated, altered, or duplicated. If you own an NFT artwork, blockchain technology will verify your ownership. This means that NFTs can be bought and sold just like tokens.

Why Use NFT Tools

Currently, numerous projects are launching regularly in the market. Therefore, without automated NFT tools, users may find it challenging to keep up with trends in the NFT market. Additionally, NFT tools provide dashboards that assist in monitoring market dynamics for regular NFT traders.

Furthermore, when it comes to assessing the value of NFTs, determining whether an asset is undervalued or overvalued is crucial to avoid potential future consequences. NFT tools are currently the only solution that allows easy tracking, visualization, and assessing whether selected NFTs align with users' intentions.

By obtaining NFT tools for market research, users can delve deeper into the blockchain and NFT space. It enables them to track real-time prices and trends of NFT assets, facilitating the formulation of effective market buying and selling strategies. All this can be accomplished through a reliable platform that creates high-quality, real-time dashboards to instill trust and confidence.

Top NFT Tools for Market Research

Tracking Tools

Tracking tools allow users to stay in sync with the market by monitoring market trends and essential insights such as key metrics.

DappRadar - A comprehensive analysis tool suitable for both new and experienced NFT investors. DappRadar offers many analytical tools that users can utilize to analyze, track, and discover new NFT projects.

NFTGo - A top-tier NFT analysis tool offering various features and benefits for NFT investors and collectors. The platform enables users to track and analyze a wide range of NFTs across multiple blockchains, including price data, sales history, rarity, and more. NFTGo also supports filtering and advanced sorting for easy tracking of specific NFTs across various blockchains, categorized by collectibles, art, in-game items, and more.

Dune Analytics -Another powerful market research tool for in-depth and customized analysis. Dune Analytics provides users access to various public queries and dashboards on multiple blockchains such as Ethereum, Solana, and more. Over time, users can build their complex queries, such as NFT transaction price trackers. Dune Analytics is completely free to use and accessible.

DefiLlama-A TVL (Total Value Locked) aggregator for DeFi and NFTs, part of Llama Corp, offering open-source data and solutions to over 10 million users monthly. The cross-chain data aggregation platform includes real-time TVL accumulation data for all chains and is free for use by DeFi and NFT users.

NonFungible - Provides users access to various NFT collections across different verticals, including gaming, with real-time pricing of projects and the ability to build pricing models based on the value of each NFT at any given time.

Trading Tools

With the emergence of many tools assisting in analyzing and trading NFTs, buying and selling your favorite NFTs has become more accessible for users. Here are some popular NFT tools:

Blur -A leading NFT market aggregator platform on Ethereum. Blur allows users to buy and sell NFTs compiled from various NFT markets like OpenSea, X2Y2, LooksRare, and more, at the best prices. Blur also supports various charts for user analysis and decision

Parsec - An NFT analysis tool presented in chart form, much like TradingView, offering nearly 30 different indicators to help users identify optimal points to buy, sell, and trade NFTs. One drawback of Parsec is that it charges users for access, requiring a fee (currently around $99 per month).

OpenSea - Built on the Ethereum network, OpenSea is one of the largest NFT marketplaces globally. OpenSea allows easy minting, buying, and selling of various NFT collectibles, including in-game items and virtual collectibles.

Rarity Assessment Tools

Rarity is a significant factor when investing in NFT collections. Many features in NFT collections have limited quantities, resulting in some NFTs being rarer than others. Rarity assessment NFT tools are essential for NFT market research. These tools allow users to check the rarity of an NFT using its ID code. Here are some popular NFT tools: - This tool ranks NFTs by rarity. Users can access real-time information and filter by factors such as the number of owners, total sales, average price, and more. This tool is valuable for users looking to understand the market value of their NFTs.

HowRare.Is - Particularly useful for NFTs originating from the Solana network, it allows users to determine the rarity of an NFT by using its ID. This tool aggregates information for users, helping investors avoid scams.

raritysniper-Rarity Sniper also uses the NFT's ID identifier to determine the rarity of a given NFT. However, it supports NFT collections on both Solana and Ethereum networks.

Wallet Tracking Tools

Nansen - Allows users to follow what experienced NFT collectors are doing. Nansen analyzes and tracks over 90 million Ethereum addresses with their activities. - Similar to other tools in this list, lets users track multiple wallet addresses of alpha users. It's favored by beginners for its simple, transparent interface, ideal for quick market research. It also allows users to enjoy features like trading histories of NFT collectibles.

Collection Launches

With an abundance of projects appearing in the market, missing out on collection launches can be due to a lack of close monitoring and tools for market awareness. Here are some useful NFT tools to help users discover NFTs that are launching in the market:

nftcalendar- A useful tool for tracking NFT launches, it informs users about scheduled NFT launches and provides information about events, giveaways, and drops related to NFTs.

NFT Tools for Market Research
Upcoming NFTs - Another handy tool that helps users stay updated on the latest minting NFTs. The platform updates users on upcoming NFT projects, events, drops, auctions, or giveaways. Users can sort them based on popularity, addition time, and upcoming projects.

In Summary

NFTs are a relatively new frontier that is likely to gain more popularity in the future. However, finding the right NFT projects for long-term investment is not easy and requires significant effort. With the right NFT tools, users can enhance and optimize their investment capabilities. These NFT tools also help users stay updated on the latest trends and seize these trends at the right time.


Copyrights:yiyi Posted on 2023年 9月 18日 pm1:35。
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