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Are you trying to find the next best non-fungible asset for a profitable investment? Well, who doesn’t, nowadays? The popularity of the so-called NFT-s or non-fungible tokens stored on a blockchain network is based on several factors like the unique metadata about each asset, information about the ownership and the growing amounts of money invested in them. Let’s dive deeper into exploring the essence of non-fungible tokens and the tools that can help you become an NFT owner or trader.
What exactly is an NFT?
NFTs are encrypted works that operate on a blockchain network. The acronym NFT stands for a non-fungible token where non-fungible means that it’s a unique asset that can’t be replaced with something else.
NFTs are specific digital assets that come with a license for their use and possession. No NFT can be replaced for the same thing which again describes the term non-fungible. You can think of them as one-of-a-kind collectables.
NFTs can be anything – from unique digital artworks to event tickets and autographed tweets. Often, these tokens come in collections created by artists who strive to get recognized for their work.
Why Do NFTs Matter?
Mostly because of their growing popularity. According to some analysts of the crypto market, all the buzz around the most expensive NFTs ever sold which are called “Everydays: The First 5000 Days.” sold for $69 million on Mar. 11, 2021 and “The Merge” sold for $91.8 million on Dec. 7, 2021, have made this form of digital assets so attractive for people worldwide.
Furthermore, what makes non-fungible tokens significant and valuable is their digital signature which contains information about the artist as well as specific copyright information. This information can never be changed, and most importantly, it can never be stolen.
Where Can I Get an NFT?
There are quite enough marketplaces that offer non-fungible tokens. Some of the most popular are OpenSea, Mintable, Rarible and SuperRare. Most of these marketplaces are built on the Ethereum blockchain which means that you’ll need a digital wallet. MetaMask is a digital wallet that’s compatible with the blockchain.
Note that you can’t buy NFTs with all cryptocurrencies because almost all are built on the Ethereum blockchain. So, it’s advisable that you have Ethereum in your wallet before you join any NFT marketplace.
What Are NFT Domains
1. Simplify cryptocurrency addresses with NFT domains
– Attach your BTC, ETH, LTC and 275+ other cryptocurrencies to your NFT domain
2. Login with your domain
– A single, easy-to-remember username on the decentralised web
3. Own your domain, for life
– No renewal fees, ever
Top 5 NTF Tools
We know how much you need the right tools for finding NTFs which you can sell for much more than the initial price later. Our research is intended to show you the top seven NFT tools that can assist you during the process of choosing the best NFTs.
Rarity is probably one of the first tools that can come to one’s mind when he or she is seeking details about non-fungible tokens and evaluates the best possible choice. The hunting collectors always want to get the best NFTs which are rare and have the potential to level up their price over time. With rarity.tools you can examine the NFT space by discovering extensive information about NTF collections.
The rarity.tools online platform enables you to sort NFTs by:
- Volume in ETH;
- Average price;
- Available collections on the market;
- Number of owners;
- Sales and more criteria.
All of the top NFT collections, considering the time of the creation of this article, can be found and analyzed on this site. It shows up the history as well as the NFTs with their prices in Ethereum of creators like CryptoPunks, Bored Ape YC, Mutant Ape Yacht Club, and Meebits.
Each collection has its page, where you can see all the NFTs of that collection. Each has a detailed card, on which you can see the clear attributes of that particular asset. Rarity has the additional benefit of giving each NFT a rarity score.
This tool offers a user-friendly interface that enables even beginners to find and use information about lucrative NFTs with ease. Note that not all NFT items and collections are listed on rarity.tools as it requests a fee of 2 ETH from creators and not everybody wants to pay it to promote digital assets.
OpenSea is another NFT platform that belongs to the top 3 NFT tools list. Items there are ranked by volume, floor price and other statistics. It is definitely an NFT platform that can serve as a tool for analyzing future digital art investments.
All the information including rankings, activity, NFTs performance in real-time, history behind every collection is set in one place. An NFT shop is available as well. This tool can make it easier for you to decide on the best NFT you can buy.
Another advantage of OpenSea as a trading tool is its support for NFTs based on not only the Ethereum blockchain but Polygon and Klaytn blockchains. The platform offers different convenient filters for the following nine categories:
- Trading cards
- Domain names
- Virtual worlds
Icy.tools is a service that features plenty of great analytics tools. The platform provides information about real-time floor and volume, wallet analysis and token breakdown. When you open the homepage https://icy.tools/ you will find all trending projects for the last one hour but you can choose different periods up to three days back.
Most of the services provided by the Icy.tools platform are free but some convenient premium features can be unlocked for a relatively affordable monthly fee.
Nansen.ai as an NFT Tool
Nansen.ai is one of the first NFT tools launched out there. This analysis platform provides summarized data about 100M+ Ethereum wallets and their activity. The insights made by its algorithm can really help you manage your assets and develop a winning strategy.
The analyses give insight into the minting fees, secondary market fees, and all essential data about the ERC-20 tokens. Rankings for each specific project is also generated by the Nansen tool. You can easily see and analyze the assets of other digital art owners. Moreover, you have the option to follow certain wallets and observe their movements over time.
NFT Stats is another user-friendly and insightful NFT tool. By entering this platform you can receive access to basic statistics for NFT collections. The NFT rankings include:
- Top Trending Collections
- Top New Collections
- Top Collections last 30 days
- New Collections launched recently
Data is recorded and reported for the last 24 hours, seven days, and 30 days. Data about collections of digital artwork stored on the blockchain presented by this NFT tool consists of items sold, average price, number of owners, social media channels available, history of the projects and many more factors that can help you make a decision before buying such type of digital asset.
We at HTH.guide hope that this list of NFT tools will help you to choose the best NFTs that will be a profitable investment. All these NFT platforms can support your willingness to uncover all sorts of details that make an NFT rare and valuable. By using the tools above you can consider the rarity rank which is formed by the background colour, clothes, and other attributes and eventually develop your personal strategy for NFT investment.