Trading NFTs can be a lucrative affair, especially if you time it right. But there’s an awful lot of leg work, guess work, and homework that you’ve got to do if you’re going to be successful.
That is where the best NFT tools and analytics come in. These nifty apps help you get quick access to the best information and insights so that you can supercharge your NFT trading game in no time at all!
What are NFT Tools?
Just like stock traders, NFT traders can access things called NFT tools. The best NFT tools give you access to data, tracking, and reams of analytics data.
You can then put this information to hard work, cutting down your research time significantly.
NFT tools range from rarity trackers to hype analytics, meaning that used in the right order, you’ll be able to pick up some absolute gems and sell them on for a juicy profit.
Tools are designed to make your life easier, and that’s exactly what the best NFT tools do – make your trading life as easy as can be.
Whether you need to cut time off your research, you want to be able to track the wallets of certain influencers, or you just want alerts when certain NFTs are below the floor price for their rarity, the best NFT tools can provide you with all that and more!
How do NFT Tools Work?
The NFT space is still in its infancy, but there are already dozens of fantastic NFT tools that you can subscribe to and use to help boost your chances of scoring a winning trade.
Generally speaking, the best NFT tools are paid, and you can get access to them by buying a pass – just as you would any other software, really.
Except, the cool part with NFT tools is that your access passes are NFTs!
You buy the pass to access the best NFT tools from either the project’s website or from an NFT marketplace, such as OpenSea, and then a token is sent to your wallet.
You then connect the wallet to that specific tool, and you’ll be able to access the NFT tool in question.
As for how these tools work, well, it’s all magic.
Every tool fills a slightly different purpose, but they all utilize publicly available data, pulling it on request and displaying it in a neat and easy to understand layout.
Whether this data is hype trends, keyword analysis, search trends, or even price data, the app will pull it from the various NFT marketplaces and display it nearly for you.
You’ll then be able to apply filters and manipulate the data in question to get the insight that you need to pull off a successful trade.
Can I Check Rarity with NFT Tools?
When you’re minting a new collection, you want to know the rarity of your NFT right away – it’s human nature.
Fortunately, there are NFT tools that will compare all of the other traits that have been used in the current mint, giving you a rough idea of the rarity of your NFT.
These types of rarity tools are fantastic for people that are minting NFTs and for projects that are about to head to mint.
Giving your community the ability to see in real-time just how rare their NFTs are will put a lot of smiles on faces.
You can also use such NFT rarity tools to compare and track the rarity of NFT collections that have been fully minted.
Simply throw in the collection that you want to track the rarity of and you’re good to go.
It really is that simple.
Get Advanced Analytics at Your Fingertips
Successful NFT traders all have a strategy, and that strategy generally involves doing a lot of NFT research.
The best NFT tools allow you to cut down that research time by giving you all of the key data that you need and collect in one place.
You no longer need to trawl through dozens of sites and ask questions in Discord groups.
That time saving means that you’ve got more time for the more important things in life – or to trade more NFTs, it’s really up to you.
So, check out the best NFT tools and take your NFT trading game to the next level.
Using NFT tools isn’t cheating, it’s simply getting a leg-up on the competition – we promise!