Whether you are a novice or just starting in the NFT space, you are privy to the unlimited potential to leverage the digital asset. It isn’t impossible to make money in the NFT world without the proper tools but it borders on insane to try.
Having access to various tools and a full understanding of the data that goes into monetizing NFTs could mean the difference between simply being a collector or becoming a successful trader.
Table of Contents
Token Tracker
A token tracker is a great way to keep tabs on the ever-changing blockchain world. Not only can you view all of your activity in real-time, but looking up any individual address history with this tool will provide valuable information about historical collection data as well.
Token trackers provide access to smart contracts which allow you to research the details of a particular project before deciding on it.
Etherscan
Etherscan is the most notable and widely utilized NFT tool. As a block explorer, essentially, it provides real-time data for any transaction on the Ethereum blockchain making it easy to search transactions, blocks, wallet addresses, smart contracts, and other on-chain data. It’s one of the most popular Ethereum blockchain explorers and is free to use.
Etherscan also offers a token tracker for any Ethereum-based tokens, and it provides access to all ERC-721 token (the non-fungible token standard) contracts. Contract access is useful for minting NFTs directly from a project for the sake of instant verification or in some cases reduced transaction fees.
Some of the features of Etherscan include:
-Looking up a transaction or wallet address
-Checking gas prices
-Looking up smart contracts
-Finding airdrops
Etherscan is a free and straightforward way to see information about data stored on the Ethereum blockchain. Its simple features make it easy for beginners, but even those who know their way around the NFT world will find new ways of interacting with their favorite DApp or checking real-time data updates.
Analysis Tools
Mst analysis tools come with the same functionalities but differ in the way the data is presented. If you are more of a visual person, charts and graphs might appeal to you. If you’re more of a numbers person, you might like to have all the data in front of you and track it over time.
A lot depends on the volume of projects you have as well.
Analytical tools provide a comprehensive overview of the NFT market such as upcoming NFT projects, NFT news, price charts, new NFTs, and more.
As an NFT trader or even collector, these tools will come in handy when making decisions on which projects to invest in.
FLOLiO
FLOLiO is an app for managing your web3 holdings, that offers a personalized dashboard with intuitive features including NFT holding tracking and evaluation, current cryptocurrency values, customizable watchlists, social interactions, and more.
With FLOLiSTs, users can review trending collections from the last 15 minutes up to 30 days. Take a quick peek at what’s trending or search particular collections all from one page.
Get the latest NFT rankings faster than anyone else with Rarity Ranker and customize the updates to fit the NFT collections you are most interested in.
The NFT release calendar will keep you informed on up-to-date releases making it easier to invest and make profitable decisions.
If you are wanting to stay ahead of the curve and ensure your investments are positioning you to reach your peak in the NFT space, the portfolio management analysis tool will help to analyze your current holdings against those that are trending or most profitable.
Currently, FLOLiO is free to access you just need to simply connect your wallet, however, we believe based on some of the advanced features planned on their roadmap that there may be upgraded paid plans in the near future that will grant you access to these features.
Let FLOLiO be your personal NFT companion and manage Your NFT Portfolio in One Simple, Streamlined FLO.
Dune Analytics
If you don’t consider yourself to be too technical or are looking for ways to save, this tool will be perfect for you. It’s free to use and makes more difficult interactions readily comprehensible by retrieving data and constructing a dashboard based on your needs.
The interactive NFT dashboard allows you to set up all your favorite projects so you can easily track their floor prices.
Something to consider though is if you are considering building your customizable dashboard, you will have to know your way around otherwise, a ready-made dashboard will be the way to go.
This is an excellent tool for people searching for a way to compare the main metrics of their favorite projects in one table. Moreover, it’s a great way to see how each of the metrics changes based on your chosen period.
This tool is recommended for you if you want to monitor the price of your favorite token. It’s simple and easy to use, not to mention you can easily manage your portfolio by adding and removing tokens you don’t want to use
Nansen
Because of its cost and high skill level requirement, Nansen is largely aimed at professional investors and traders.
It operates like a regular web2 web app, so you’d have to subscribe to one of the three available tiers which require a monthly payment in either USD or crypto.
The prices range from $149/month – $3,000/month. Of course, the tiers offer different levels of access and although standard may work for most, it comes with limitations such as only 3 custom alerts. This is a huge opposition for NFT traders as they tend to follow more wallets to stay ahead of the market.
The web3 version is a bit more expensive but worth it if you’re an active trader and market maker. It includes unlimited custom alerts, multiple projects, exchanges bonus, and market data API access.
As the team has committed to providing a free tier with access to the web2 version, somehow limited to 10 custom alerts, 50 wallets, and 10 exchanges.
ICY Tools
Closely mirroring Nansen, IcyTools is more specific to NFTs and significantly cheaper.
It’s available by purchasing either a weekly or monthly pass or exclusive access to the ICY Founders Club NFT which comes with lifetime access and the ability to trade on OpenSea. For access to the premium features, you’ll need to link your wallet during the login process.
Once you connect to the platform with the wallet used to set up the account, you receive immediate access to the premium features which include their discord and a collection of 1,700 generative membership cards that grant early access to a transferable NFT with the first 1,649 and the remaining 51 will be used for promotions and giveaways of future projects. They also offer a token that grants access to the Founders Club channels.
NFT investors have access to an essential learning resource in the form of a comprehensive database that is constantly being updated. The community also provides valuable data through its Discord server where members can post charts and information about new coins as well as rent ones with interesting developments or related projects.
By holding the NFT, you get a say in what features get developed. As a stakeholder, you get to work with the developers to determine the success of the project. With input from users, the developers can be sure the needs of the community are met.
Spr3adsh33t Insights
Spr3adsh33t is an innovative developer who has created a powerful and convenient analytics service for traders using Discord bots.
The insights server provides valuable information such as trends in exchange values that NFT traders and collectors seek.
The premium membership to the Discord server costs $20 per month or $200 per year but, if you hold a PERLIN NFT, you get a free month. A premium upgrade offers more information, utility, and insights than the standard plan. Some bots, like the interactive ones, are only available to Premium Members.
NONFUNGIBLE
NonFungible is the premier blockchain collectibles pricing & market information tool. Using the tools provided, it’s possible to make specific and accurate statements about the value of your NFT collection. Analysis and information on NFTs can drive better decision-making, allowing you to leap ahead of competitors in this game-changing sector!
The Market History area of this site is an excellent way to keep track and understand the NFT space in a week. You can quickly see what the top sales were, as well as whether market volume trends up or down along with which NFT project may be doing well or not the best.
If you are interested in the blockchain gaming market, NonFungible is the place to look. It’s your go-to source for breaking news, data, and real-time insights on blockchain collectibles and gaming. With its easy-to-use review interface, it makes it easy to learn more about the top NFTs and get involved in their market activities.
NFT Stats
With NFT Stats, you can explore all of the data from the current week and the previous 7 days about your favorite NFT collections and find out what’s going on with them in an easy-to-read format. You’ll be able to see how many items have been sold recently as well as a chart detailing their popularity among other users.
View the popularity of particular NFTs in terms of the amount sold, total value sold, and user count (overall as well as by day) with daily graphs.
You will have access to review the most active sellers of NFTs on OpenSea and get a quick look at their most popular items by day.
You can also search for specific NFTs using the search bar and have detailed information about them displayed on the results page.
Finally, you can also discover new NFTs by navigating to the Discover tab and scrolling down the page. Here, you’ll find a variety of interesting NFTs that you might not have known about before.
Moby
Moby provides several different features and a wide variety of information on the NFT market, including values of items, recent trading volume, and several other data points. It also allows you to compare the prices of items between different marketplaces.
You can monitor market trends, see what’s happening with current NFTs in real-time, wallet watchlists, and receive instant notifications.
It can be seen as somewhat of a competitor to ICY Tools, but not as useful in terms of resources.
NFT Charts
Out of all the tools, this may be the newest and is a great resource for anyone interested in NFTs and who wants to stay up-to-date on the latest news about projects they’re most committed to.
The multiple charts show you information like how much money each project member invested, what percent those investments make up total value etc., which makes monitoring your favorite projects even easier.
One downside is that since it is so new, there aren’t many projects included in this platform but it is completely free so even if you wanted to use it occasionally as a reference for trading or daily, you won’t stand to lose anything.
Discovery Tools
In the ever-changing world of NFTs, it’s important to know what will be popular and worth investing in before the rest of the community.
Like any other asset class, there are good projects & bad ones; however, when new entrants enter this space without knowing how to evaluate the market, they can get burnt by poor quality NFTs. Due to fluctuations in the market, this isn’t uncommon.
The biggest profits accrue by those who go in early to mint their tokens and not just on buying secondary market because they have had time to research utility, get involved in the community, and even possibly get on the whitelist.
Newer users aren’t always familiar with evaluating a project so the discovery stage can be daunting in which discovery tools become extremely helpful.
Cryptoscores
Most discovery tools can tend to be saturated with information that either isn’t helpful or not valid to the goal of trading.
With Cryptoscores, you can be certain you’ll find exactly what you need in an organized fashion.
There’s a list of NFT drops and upcoming projects list that aren’t just thrown together but researched for a better understanding of where the NT space is headed and which types of projects are launching.
But, it’s not just a pool of upcoming projects. The team behind Cryptoscores is very familiar with data mining and statistics, which adds to the quality of information the tool provides making it great for NFT quantitative analysis.
Unlike other platforms that tend to throw around rudimentary projects, Cryptoscores applies some algorithms to each project to find out which are most likely to sell out and gives them a rating. These scores can help you to determine which ones you want to spend time researching and trying to get a whitelist for.
NFSea Tools
The site NFSea is an easy-to-use NFT deal finder that helps you search through different projects and analyze their profitability.
There are many different types of NFT charting tools available, but NFSea offers real-time updates for free users and paid services with more features. Free users can stay informed about trending topics in blockchain technology while those who subscribe will have access to charts and graphs as well monitoring real-time information on their transactions.
The Mints tab shows which projects have been minting, and most importantly how successful their launch was. This information can be used to then decide whether or not starting your project may be beneficial.
NFTGo
This site expands upon the usual analytics in a few ways; popular NFT tracking, drop selection, and an optimized dashboard with an overview of what’s happening in the NFT space.
The portfolio/address analysis page is another asset to the profit leaderboard and at the top of the homepage, you can find a quick update on what has happened in the past 24 hours, so making it a habit to check at the start of your day may be good practice.
NFT Evening
This is a site that showcases upcoming NFT-related events, NFT collections, and NFT drops. It also provides news and big announcements, as well as the possibility to subscribe to a top NFT newsletter.
NFT Calendar is another similar website that is just a real-time list of upcoming projects. The issue with these sites is they are not curated so someone new to NFTs wouldn’t be able to separate good and bad investments in most cases.
Also, they are usually filled with promoted projects who pay for the top spots. Low-quality or scammy projects are the ones primarily incentivized to use such sites to promote their drops as they rely on pre-release hype to make their money.
NFT Evening, however, does offer beginners guides about NFTs for newcomers and filtering facilities, unlike NFT Calendar. For example, you can filter just upcoming conferences, or upcoming metaverse NFTs.
Just be leery of the projects and be certain they are legitimately top NFT projects and not just projects paying for top spots.
Automation Tools
Trading NFTs can be very time-consuming, and very time-sensitive. Automating certain aspects of your trading makes efforts that much simpler by eliminating work you would otherwise have to do manually if everything was left up to you.
In other words, with less manual labor involved in trading NFTs, there is more opportunity for other activities. An automated bot doing your bidding while you’re simply living life is ideal. Setting parameters on what kinds of deals are desirable according to whatever conditions are set ahead makes it so much easier for trading, you can truly do it in your sleep.
NFT Pirates
NFT Pirates is an OpenSea bidding bot. Unfortunately, this tool is a Windows-only application, so Mac users are out of luck unless they know how to set up a Virtual Machine.
There are two pieces of software you can buy from NFT Pirates – a Bid bot and a Sniper Bot.
With the Bid Bot, the goal is to get a discount on the floor price so you use the bot to make multiple automated bids on many tokens of a project, all below the floor. If a holder is uncertain, your offer might be enough to convince him over into selling to you at a great price. This is known as paper handing in the NFT space.
Pricing for the Bid bot range from 0.75 to 2.5 ETH, with the higher tiers including 1 on 1 support and mentoring, which is essential for those who are just starting.
The Sniper Bot, on the other hand, is used to immediately purchase any listing below a certain price. Although holders question the ethics of using this type of bot, it is completely legal and not against OpenSea terms.
The reason these bots are frowned upon is that their users regularly get amazing deals in OpenSea listings where someone may make a crucial error. For example, you will find many stories of BAYC holders forgetting a digit when typing in a price, such as putting in 7 instead of 77 ETH.
A sniper bot, set to buy anything below the BAYC floor would immediately buy that 7 ETH listing without giving the holder the chance to realize his mistake and cancel the listing.
Pricing for the Sniper bot range from 1 to 1.95 ETH, with the higher tiers including 1 on 1 support and mentoring, which is incredible for those who are just starting.
Rarity Tools
This is the most famous rarity tracker. It is so well-known that new projects pay to get listed there, as it serves to give exposure to a project.
It isn’t the most favorable interface but since many projects collaborate directly with the platform to release their rankings, it is often the most accurate tool to get the rarities checked.
Unlike Trait Sniper, Rarity Tools is not useful for new projects when you want to snipe mispriced items, as new collections typically appear several weeks after launch. Rarity Sniffer, Golom, and Moby are similar sites.
Sniping Tools
Sniping is a great deal of fun, and with tools like the ones below it has become very easy to find good deals. They are most often used by professionals when a project is unveiled because they want to be among the first people on the market for rare items that can quickly make them lots of money.
For long-term collectors, these tools are still handy too! All data that shows you what’s happening on OpenSea itself can also be found in these programs, but they repurpose this information so as not to overwhelm you and make it easier for you to find great deals.
Trait Sniper
Noted as the fastest NFTs ranking platform, Trait Sniper is an essential tool if you want to access rarity rankings right after a project’s reveal. The Discord channel is very active, so you can report bugs or request your favorite projects to be analyzed, and the founders will get back to you in no time.
The main use of this tool is to snipe mispriced NFTs. That’s why it’s so important that the rarity ranks are shown as fast as possible after they are revealed before holders have a chance to realize they hold rare items and adjust their prices on OpenSea.
Their Discord server is a great way to learn your way around sniping, which you can do by following other people who also practice this strategy and sharing profit-making screenshots from profitable transactions with others in the community. You’ll also find daily calendars, release alerts, and all of the features you’d expect from an active group focused on giving users every opportunity for success when using its tools.
Think you have a decent amount of ETH and are interested in sniping? The Trait Sniper, like many other tools on this list, will easily pay for itself within a few days providing you put in the work to study and be there when projects launch.
Sniping on a project reveals is unfortunately not something that can be automated. There is quite a lot of human subjectivity when sniping and once you’re competing with automated bots it becomes hard for anyone to make profits. When your research skills come into play, it’s more likely that you could get some type of edge over others and nail consistent profit-making opportunities.
You use your wallet to log into the app. Subscriptions cost 060 ETH per week or 06500 ETH every thirty days with no lifetime option. Trait Sniper also has an extension available that comes installed as soon as installation begins with Chrome – this makes browsing the OpenSea marketplace so much easier. It shows current floor prices plus rank information about items. These details are overlaid onto the normal OpenSea display for convenience. You can also use the extension to calculate the value of your portfolio based on floor price.
NFT Nerds
NFT Nerds is a tool for all the traders who are looking to buy, sell or trade NFTs. It was created by mathematical and coding enthusiasts with one goal in mind, to create the best trading platform out there.
Unlike Trait Sniper, which frequently requires the user to ask them if something has changed on an item’s collection site, NFT Nerds charts always reflect live conditions; it syncs automatically under the hood. Not all projects can be found here but you may request which ones will be next – joining its Discord server is a great way to meet other NFT enthusiasts and learn from their experiences. The profit-sharing channel in particular shows what you can achieve when committed, once a strategy is set up and hard work put into it
There is an Academy category within Discord which has several subchannels that focus on teaching you how the tool and the NFT space in general works. This tool allows you to see what’s happening with a particular project by looking at its dashboard. In doing so, you can quickly get a feel for where things are going and snipe items priced below OpenSea’s floor as soon as they’re listed-OpenSea sometimes takes too long to show new listings while NFT Nerds shows them faster.
If you are seeing prices lower than what OpenSea shows it might be because there have been more sales or people who want to sell their tokens for cheaper price points listed there first before listing on other platforms. You can purchase directly from NFT Nerds, which usually takes about 4 seconds after spotting something sold on the platform until approving it via your wallet address.
Rarity rankings are also built into the app and usually use the official rankings. This means one less tab to check, and the ability to make faster trades.
NFT Nerds can also be used to discover trending collections, which is a great way to make sure you don’t miss out on any new collections, especially if you’re an active NFT day trader. You can also monitor the current gas prices directly within the app, and use custom gas fees for your purchases if you want.
To start using the premium version of NFT Nerds, you need to purchase a pass and then use your wallet to log in and unlock the premium features. Genesis Passes can be found on OpenSea.
This is a tool that still has many more features to come, but is already extremely useful. Judging by the speed at which Genesis Passes get sold every time a new batch is released, NFT Nerds is destined to become a favorite.
SuperSea
SuperSea is a free Chrome extension that offers a host of features to make it more convenient, fun, and profitable to browse the OpenSea marketplace:
- Floor Prices – floor prices for your tokens and portfolio value calculation.
- Skip OpenSea Cache – fetch asset images directly from the source (OS takes long to update on reveal).
- Listing Notifications – get notified the precise moment an asset within your given price range is listed.
- Scam Protection – extremely useful when buying bundles, as scams are so common.
- Mass-refresh and Mass-reveal – mass-Queue items for OpenSea metadata refresh and automatically load all images from the source while OpenSea is updating their cache.
With the premium version, you will get access to more features like Rarity Ranks and Quick Buy and enhanced Listing Notifications.
You can buy lifetime access on OpenSea (or mint it for 0.5 ETH while they last), or a monthly subscription for 0.1 ETH.
Ninjalerts
Ninjalerts is a smartphone app that can track a multitude of dimensions. Mostly used to track the activity of whales, influencers, and media personalities to know before everyone else what they’re doing, you can be aware of which project is going to experience highs and lows before the prices claim.
As always, the data can only take you so far, you also need to put in a dose of your interpretation skills to profit consistently.
The nice thing is that it’s a mobile app, which in my view makes it very convenient to get alerts through push notifications.
Right now a lifetime license is only available from OpenSea, but they will also have a monthly subscription option in the future.
Portfolio Valuation Tools
You can easily lose track of how much you’ve spent on NFTs, and whether or not your portfolio is in the red, green, or somewhere in between. For this reason, it’s essential to keep an eye on what transactions have happened so far.
The two main tools for doing this are a valuation tool and a tool that gives you a history of all your transactions including gas costs incurred. There will always be some work involved when compiling data for taxes or even calculating accurate profit figures but a good tool can turn this task from impossible to manageable with no problem.
NFT Bank
This is a good tool to get an overall valuation of your portfolio, as well as to find any discounted NFTs. It only supports a select number of projects, usually the bigger ones, but the team behind the tool has great expansion plans.
It’s a nice tool to keep track of your purchases and sales too, and the corresponding profits or losses made, so it can help you prepare your taxes.
WGMI
WGMI is one of the top tools for managing your listings on marketplaces. You can easily monitor floor price changes, as well as look into all your listings and check whether someone else has undercut your price, based on the most valuable traits of your tokens.
Created by a BAYC member, this tool is also perfect for calculating the value of your portfolio. You can use the project’s floor price, the best trait price, or an average of the two when calculating each token’s value. Due to its customizability, it can be used most for calculating your portfolio’s value. It also provides a CSV export facility option.
Once you get the hang of using this tool, it can become one of the most important dashboards to keep open at all times, as it gives you a great overview of everything that’s happening in the market and also in the projects you’ve invested in.
Lifetime passes are available on OpenSea, or you can pay for access on a monthly or yearly basis.
DAPPRADAR
DappRadar can be used to manage your overall portfolio by checking what airdrops you can claim and also to keep an eye on your NFT portfolio. DappRadar can estimate the total value of your NFT portfolio and also give you more information about each project you invested in. Right now the financial view is generated using floor price but a more accurate value estimator based on trait floor will be added soon.
You can also swap tokens directly from DappRadar instead of going to a separate DEX.
ZERION
Zerion is similar to DappRadar in that it can manage your overall portfolio and connect you to DeFi. If you are active in both NFTs and DeFi then one of these tools will be optimal for you. Apps like Zerion and DappRadar automatically fetch the data related to such farmed strategies and display them in your overall portfolio.
You can also view your NFTs, although this is not the best feature of Zerion at the moment. What is an amazing feature though is the ability to show off your NFT collection directly from your iPhone home screen!
Users can now create custom widgets showcasing their favorite NFTs from the Zerion iPhone, iPad, and macOS apps. This ‘NFT gallery’ widget works just like portfolio monitoring and gas price widgets and lets you set your NFTs to rotate so your collection is always on display.
Only NFTs owners can display NFTs. When you connect your wallet to Zerion containing your NFTs, ownership is verified to ensure that if you own it, you can display it.
Zapper
Zapper is another alternative to Zerion and DappRadar. You can choose one of the three according to which one you like best.
Arguably, the best feature of Zapper as it relates to NFTs is in the History tab. It gives you a very clear picture of all the transactions you’ve completed and the gas fees show up separately in a very clear way.
If you’re using MetaMask with multiple addresses, Zapper picks them up automatically, so you don’t have to worry about that, and of course, it shows you your balances on multiple chains.
Peer-to-Peer NFT Trading Tools
When you enter a deal to swap NFTs or make a private deal in exchange for ETH, you will want to use a P2P trading tool.
If you are simply just selling or gifting NFTs to friends where trusting isn’t a concern, you can just complete a manual transfer via MetaMask or OpenSea as it will be cheaper. When you use the tools in this section, you will be interacting with a smart contract, whose aim is to take out the trust element from the transaction, but since there is a more complex transaction involved you will need to pay a higher gas fee than for a simple transfer.
Sudoswap
Sudoswap was created by well-known developer 0xmons in April of 2021 Private deals tend to occur over Twitter DMs or in Discord channels so security is mandatory. Once a price is agreed upon, the seller sets up a swap, shares the trade code and the buyer completes the trade. This service is completely free.
You can trade multiple items at once and the assets never leave your wallet until the swap is accepted by both parties. You only pay gas for approved trades and the swap itself, so it’s quite gas-efficient and cheaper than transacting within OpenSea.
Sudoswap uses the open-source 0x protocol to create and settle swaps between any combination of ERC20, ERC721, and, ERC1155 tokens.
This is the cheapest way to make a private swap in terms of gas fees when compared to the other tools available. The platform doesn’t even charge any fee for swaps, you only pay for gas. However, the interface might not be the easiest to use, as it may seem a bit dated and needs a slight learning curve.
NFT Trader
NFT Trader was the first P2P NFT trading platform launched in January of 2021 by a team of four founders. The team created their custom asset-swap smart contracts that allow users to swap any combination of ERC20, ERC721, and, ERC1155 tokens, as well as ETH.
The NFT Trader website does promote its own NFTs making it a bit biased. These NFTs are worthless, so there is no need to indulge unless you make many swaps. As holders of the Trade Squad NFT, you would pay no trading fees. Even then, though, SudoSwap gas fees would be cheaper.
SwapKiwi
Swap.kiwi is the baby platform of the bunch as it was created in June of 2021 by ape punk niftynaut.
It’s backed by a registered company that developed its smart contracts to execute swaps between any combination of ERC721 and ETH, and I think it’s easily the most user-friendly swap tool out there. Apart from having a very slick interface, it also provides tutorials for people who are newer to Web3 and NFTs.
Other Tools
Genie
Genie allows you to batch list and batch buy NFTs which saves time and gas fees. Since NFTs are spread across several marketplaces (OpenSea, LooksRare, Rarible, etc), and will be even more so in the future, having the ability to use a tool that scans all the marketplaces is great.
With certain projects, you can also perform bulk swaps. For instance, if you want to get into a particular project to buy a certain number of NFTs from that collection, but don’t want to use or don’t have the necessary ETH to do so – however, you do have several other NFTs that you wouldn’t mind getting rid of -what Genie will allow you to do is pool your ETH plus the NFTs you want to sell, and on the other side select the tokens you wish to acquire. If the tool can find the right match for the amount (ETH + NFT valuation), you can go ahead and perform the swap in one transaction.
Fees.WTF
This is another cool tool that builds upon the Etherscan (and CoinGecko) APIs to show you how much gas fees you’ve spent since you’ve been trading NFTs.
All you need to do is connect your wallet and the fees are calculated in a second. You can also claim the WTF token based on the number of fees you paid in the past. That token can then be staked, and you can also claim an NFT that can be then used to access forthcoming premium features on this site.
Paperhands
This is a tool that makes it easy to calculate your worst and best trades as well as celebrate your long-term holdings. You have three options to select once you connect your wallet:
- worst trade (paper hands)
- best hold (diamond hands)
- biggest profit take
This is an interesting way of viewing your trading activity. The worst trade is not necessarily the one where you made a realized loss. For many collectors, it turns out to be an NFT that they sold too early.
Rainbow Wallet
One of the most popular Ethereum wallets in the NFT space pulls double-duty by allowing collectors and traders to be tracked. Rainbow allows users to add another collector’s specific wallet address or ENS name to a watchlist, displaying the wallet’s full contents, by simply entering the collector’s specific wallet address or ENS name.
Once added, the ENS name or account number will appear in the account balances screen’s dropdown menu. Users can see what coins are in a specific wallet, the value of the coins, the NFTs in that wallet, and even the recent transaction history by navigating back and forth between watchlist entries.
The Future of NFT Trading and Analytics Tools
The popularity of NFTs is making it more and more difficult for investors to determine which projects are worth getting involved in. There are plenty of tools and platforms that provide prime analysis currently but there are always risks and concerns present when money is involved.
As we venture even deeper into trading and collecting NFTs, it is the hope that the tools available for this journey become just as expansive and inclusive as the asset itself.
It’s exciting to see how this space is currently unfolding and even more so, what lies ahead.
