In the super-heated NFT space, collectors are always looking for the next hot NFT. However, that’s only half the battle. Keeping track of mint dates, project reveals, and countdown auctions can be difficult, if not impossible. While staying on top of collections, drops, and trades can be challenging, a few companies have created entire tool suites to help collectors and investors stay on top of the dynamic NFT market. We have highlighted our top 16 NFT tools in this article.
Given that a single trade from an NFT whale can sometimes make or break the future of an entire collection, keeping up with big drops has become an essential skill within the NFT realm.
Yet, tracking an NFT twitter account and Discord announcements will only get you so far, so we’ve compiled a growing list of services to assist collectors and traders of all levels.
What are the best NFT Tools for 2022?
With an ever growing NFT market there are are more and more tools that are developed to help collectors and investors make decisions on the NFT market. Here are some of the most important NFT analysis tools that you should know about.
1. OnChained NFT Screener
Type: NFT Screener, Pricing Tool, Portfolio Tracker and Tradingview integration
Cost: Free / 0.11 ETH per quarter
The brand new OnChained NFT screeners and data analysis tools is one of the most powerful NFT tools on the market.
Besides offering important statistics on all of the big NFT collections, one of the highlights of the OnChained platform is the unique NFT Screener. This powerful tool learns the price patterns of selected NFTs and their unique traits by using machine learning and will then indicate which NFTs are over or underpriced, thus enabling the OnChained user to find cheap NFTs within a collection.
Another unique feature is the Portfolio Tracker that allows users to track the value of not only their own portfolio, but also the portfolio of other traders. This can be done by simply inserting the wallet address of the portfolio the user wants to track.
Onchained is one of the most complete NFT tools out there and it just recently launched in 2022.
New: Onchained now just launched its Tradingview integration which makes it the first platform that provides Tradingview charts for Ethereum NFTs.
2. Nansen
Type: NFT Analytics and Real-Time alerts
Cost: Free / $399 per quarter
Nansen is an analytics platform that combines on-chain data with a massive and ever-expanding database of millions of wallet labels. Nansen’s user-friendly dashboards provide NFT tools such as wallet profilers, smart alerts, top holder and token distribution information, and more.
Although somewhat pricey (as many of these services are), Nansen goes beyond tracking collectors and trades, providing users with downloadable data, exclusive insights and reports, live DEX trade updates, and more. Nansen, a platform that has been around for over a year, appears to be one of the most popular choices among NFT analytics services. A seven day trial costs $9 and after that you’ll pay more. You can sign up for Nansen here.
3. rarity.tools
Type: NFT Analysis/Ranking Tool
Cost: Free
This is an NFT tool for ranking, scoring, and retrieving information about NFTs based on their rarity. The website is frequently updated. In addition to popular projects such as CryptoPunks and Bored Apes, users can inquire about a variety of new projects that have recently been born. Users can also inquire about new items that will be available for purchase on the website.
Users can sort NFT collections by rarity after selecting a series of them. Rarity.tools will score all of the series’ characteristics, then add the scores based on the characteristics of a specific NFT to get the total score.
Users can inquire about the NFT’s collector, number, characteristics, total rarity, and so on, and the floor price for each characteristic is clearly displayed at a glance.
Furthermore, rarity.tools will gather feedback from various NFT communities and add certain “hidden features” to the rarity reference based on the different aesthetic preferences of different communities, such as CryptoPunks and Bored Ape Yacht Club.
4. DappRadar
Type: NFT Analytics Tool, Airdrops, Portfolio Tracker
Cost: Free
DappRadar has long been the go-to site for NFT collection and sales data. However, with the launch of its portfolio tracker in 2020, the platform expanded its offerings to include a simple way to monitor Ethereum wallets in real time.
Users can easily enter an ENS name, Ethereum or Binance wallet address, and immediately see the token and NFT balance and net worth of that wallet. The portfolio tracker has limited notifications and trade analytics, but its usage, DeFi, and NFT financial stats are all extremely useful tools for tracking individual portfolios.
5. Ninjalerts
Type: NFT Trading Alerts (App)
Cost: Lifetime License for 0.149 ETH available as NFT
Ninjalerts is a promising new player among the few cryptocurrency and NFT tracking services on the market. The platform, which is only a few months old, allows users to identify specific contract or wallet addresses and be notified when there is an event on either front.
Users’ phones can receive push notifications when minting begins, NFT reveals occur, or whales and influencers make their next move. One of the most appealing aspects of Ninjalerts is that anyone interested in its services can purchase a lifetime license to the mobile and web app in the form of an NFT on the company’s official OpenSea storefront.
6. Icy.tools
Type: NFT Analytics Tool; Statistics and Alerts
Cost: Free / $75 per month
Icy.tools launched in 2021 and includes a boatload of useful analytics tools. Users can use the platform to track floor prices, volume, and sale history, as well as find trending projects and other features.
Many services on the Icy.tools platform are free, with premium features available for a low monthly fee. The company’s voice also feels very much in line with the NFT community’s ethos, making it a popular choice among NFT maximalists.
7. Rainbow Wallet
Type: Ethereum Wallet (App) and NFT Portfolio Tracking
Cost: Free
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.
8. OpenSea
Type: NFT Marketplace, NFT Statistics
Cost: Free
Are we really mentioning OpenSea in the list of the top NFT tools? Yes, we are. When it comes to NFT analytics, often being the biggest is an advantage. OpenSea is the largest NFT platform and houses some of the most sought-after collections. Aside from an impressive digital art collection, this NFT platform can also be used as an NFT tool to analyze a piece of art or collectible.
As a collector, you will discover that OpenSea provides a robust ecosystem, including the NFT shop and data. Having all of the information in one place makes deciding on the best NFT to buy much easier.
OpenSea is the world’s largest NFT marketplace, and it makes it simple to view all activity and data for any NFT listed on the platform.
On the main menu, under Stats, you will find Rankings and Activity, which will display data about NFTs in real-time.
NFTs based on the Ethereum, Polygon, and Klayton blockchains are supported by OpenSea. Another advantage is that you can track NFTs on all three chains from a single platform. Aside from blockchain filtering, you can also filter NFT by nine other categories, such as art, music, sports, and trading cards.
9. Trait Sniper
Type: Ranking and Trait Tracker, Instant Buy, Chrome Extension
Cost: Free
One of the top NFT research tools is Trait Sniper, which offers in-depth information about various projects. This app comes with a user-friendly interface and supports a number of blockchains. It offers a Rarity Score, which tells you how rare a particular NFT is. This tool also has an active Discord and Twitter community and offers a calendar. It also supports many currencies, including Ethereum and Cardano.
One of the best features of Trait Sniper is its ability to scan NFT collections with ease and speed. It can scan any number of NFT collections and reveal instant rankings in as little as 30 seconds. It has a 95% accuracy rate and can also set up alerts to alert you of mispriced NFTs.
10. BitDegree
Type: NFT Analysis, Tutorials
Cost: Free
BitDegree is one of the top online research tools for NFTs. It allows you to search through thousands of NFT collections and analyze them with a variety of metrics. It can also track the top NFTs and make recommendations. The site can also help you create your own portfolio of NFTs.
11. Coinbase
Type: NFT Marketplace, NFT Statistics
Cost: Free
Coinbase? Yes, along with being the most popular crypto trading platform Coinbase has another great NFT tool. It has an intuitive interface that makes it easy for even the most inexperienced user to conduct NFT research. Its Discover Tab shows top sellers and buyers of NFTs. You can also subscribe to the Premium account to get in-depth information on each NFT collection, including price charts and NFT project breakdowns.
12. NonFungible
Type: Market Tracker
Cost: Free
While we don’t give points for creativity, the basic name leaves no doubt about what NonFungible is all about. This platform touts itself as the largest source of data on non-fungible tokens (NFTs). It offers real-time project rankings, asset price evolution, and advanced market analysis. It also offers data on blockchain collectibles and gaming markets. These tools help investors gain a deep understanding of the market and build a valuation model. This will enable them to determine how much each NFT is worth at any given moment.
NonFungible tokens are digital assets stored on a blockchain. Their value is unique and non-interchangeable. As a result, a dollar bill with a famous artist’s signature is unique. This uniqueness makes it valuable beyond its face value.
13. Etherscan
Type: Wallet and Transaction tracker
Cost: Free
While it is not the most aesthetically compelling NFT tool to use, it brings real on-chain minting and trading activity for ERC-721s, which you can then investigate further. On their Non-Fungible Token Tracker rankings dashboard, it also provides a nice overview of popular NFTs.
14. Sticky DAO
Type: Alpha Community
Cost: Purchase NFT
Sticky DAO is a rapidly growing Discord community of NFT fans. Tools and software are excellent indicators, but the ability to read the room in real time is invaluable. Besides, NFTs are a lot more enjoyable when you’re making new friends. Discover breaking news, upcoming NFT drops, and more alpha than you could ever spend your cryptos on.
15. Collab Land
Type: Social Tool
Cost: Free
Collab Land is not a typical NFT tool, but it is important nonetheless. In art as in life collaboration is key and Collab Land gets that. Based on the number of NFTs in your wallet, Collab Land grants you exclusive access and limited roles in Discord servers. By utilizing what you already have, you can drastically alter the social game in Discord. Or by incentivizing you to acquire what is required for specific roles. Nice!
16. NFT Stats
Type: NFT Statistics, Rarity Explorer
Cost: Free
There is no confusion about this tool as the name says it all. NFT Stats is another free resource for learning the latest market trends regarding the success or failure of NFTs. Learn as much as you can before making your next major NFT buy.
While it is not the most aesthetically compelling tool to use, it brings real on-chain minting and trading activity for ERC-721s, which you can then investigate further. On their Non-Fungible Token Tracker rankings dashboard, it also provides a nice overview of popular NFTs.
Why use an NFT Tool?
NFTs are difficult to value because their value is determined by many aspects that are not always obvious. NFTs only became known in 2021, which is why the market is still a Wild West. This means that there is still too little information about why some NFT projects succeed and others do not.
The above mentioned NFT tools can provide valuable NFT analytics and information about the NFT market and NFT collections. Since these NFT pricing and analytics tools do provide you with information that is often not available on the market, they can give investors an advantage over other collectors.
Final thoughts
The NFT market is in a nascent stage with associated high volatility and plenty of examples of people making fortunes as well as getting financially wrecked. Just as with traditional investments buying quality projects and holding for the long term is the best way to build generational wealth.
The actual nuts and bolts of analyzing NFT investments can be just as complicated as the algorithms used for the valuation of traditional stocks. That’s why most people opt for services such as the ones we’ve touched on in this article.
With any NFT investment, even when you do your research, you should never spend more than you can afford to lose. Let us know which of these tools you like best or tell us about one that you’ve been using and think we should write about.
Did we miss any great NFT tools? Feel free to let us know in the comments below!
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Jay Speakman is a technology writer based in San Francisco, California. He writes on the topics of blockchain, cryptocurrency, DeFi and other disruptive technologies. Clients include Avalanche, Be[in]Crypto, Trust Machines and several blogs devoted to blockchain gaming. He will not rest until fiat currency is defeated.
