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 8 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 and Portfolio Tracker
- 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.
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
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.
Why use an NFT Pricing 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.
Did we miss any great NFT tools? Feel free to let us know in the comments below!
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I write about blockchain, crypto, NFTs and other disruptive technologies and innovations.
