ViaBTC｜The Three Must-have NFT Tools for Both Beginners and Veterans
Just how many big-name brands, celebrities, and businessmen are going into the NFT sector? Back in August, Louis Vuitton, a luxury brand, launched an NFT game called Louis The Game to celebrate the 200th anniversary of the birth of its founder. Subsequently, leading brands such as Gucci and RIMOWA also released their NFTs. Going into December, famous brands in sports also made their moves. Nike announced the acquisition of RTFKT, a digital art studio focusing on sneakers, while its long-time rival Adidas started to sell an NFT called “Into the Metaverse”, with total sales reaching approximately $22 million.
“It seems that everyone could get a share of the benefits offered by NFT.” There is much truth in this quote. For example, the work by Beeple that fetched an exorbitant auction price is nothing but a collection of 5,000 paintings the American artist created since 2007. In a way, the paintings themselves are insignificant, and the crucial reason behind the staggering price is the label of NFT. From the $2.5 million bid of a five-word tweet by the founder of Twitter to the $180,000 avatar bought by the famous NBA player Stephen Curry, the NFT money remains hot. That said, how can the average person, who doesn’t have so much money to invest or first-hand sources, get a share of the benefits presented by the NFT boom?
We believe the key is to take advantage of the right tools. Remember, a handy tool makes a handyman. Amateurs who rushed into the market without making careful analysis will probably find themselves on the chopping block. Today, we will introduce three powerful tools that will help you check NFT statistics.
I. CoinGecko: https://www.coingecko.com/en
Available in over 20 languages, CoinGecko covers visual statistics about multiple sectors, including cryptocurrencies, exchanges, DeFi, NFT, etc. On this website, you can easily check statistics of NFT tokens, spanning the total market cap, 24-hour trading volume and market rankings. For beginners, the site allows them to quickly evaluate and select high-quality NFT projects.
In addition to real-time tracking of crypto data, CoinGecko also follows the latest crypto news, the development of open-source codes, community growth, and on-chain indicators. Moreover, the quarterly crypto reports and blog posts released by the site are also worth looking into.
II. glassnode: https://studio.glassnode.com
If CoinGecko is a must-have tool for beginners, then glassnode would be a more advanced tool that helps you grow from a beginner to a professional. On CoinGecko, you can not only view the token rankings in DeFi and NFT but also check more detailed statistics about each crypto like the number of active addresses, the number of new addresses, the change of net transaction positions, etc. According to informed sources, major blockchain media platforms like CoinDesk and institutional quantitative traders are all using glassnode’s services.
Of course, such professional data need to be backed by a large database, which is why some of the services on glassnode are not free. Right now, glassnode offers three plans: Standard, Advanced, and Professional. The chief difference between them is whether Tier 2/Tier 3 Metrics are visible and how frequently are the statistics updated.
III. DappRadar: https://dappradar.com
DappRadar is a platform focusing on the discovery and analysis of DApps, and also a decentralized app store. On this website, you can browse through the latest information on all mainstream blockchain projects. DappRadar also offers many other features, covering Portfolio Tracker, DeFi assets and liabilities, NFT Value Estimator, and mainstream token trends. It even supports token swap across three main chains: Ethereum, BSC and Polygon.
On its NFT page, you can check statistics like the best-selling NFTs and NFT rankings by the total market cap, estimate the value of your in-wallet NFTs, and transfer your NFT assets by linking to a wallet. In addition, anyone holding NFTs in his/her wallet could directly send such digital assets to other addresses through DappRadar.
Recently, DappRadar also introduced its native token, RADRA, with a total supply of 10 billion. It also offered massive airdrops. Users could claim the airdrop only if the DApp they are using is based on Ethereum and listed on DappRadar. These qualified users could receive 8,697 or 5,798 RADAR tokens. If you are not qualified, don’t worry. You can always check the airdrop projects updated on the Airdrop page of DappRadar.
Although the NFT boom has somewhat subsided, you can mark and try out these must-have tools; otherwise, you may miss out on another profitable opportunity due to the lack of first-hand intelligence when the NFT market rebounds.
* The above content may not be relied on as any investment advice.