NFT is still a young segment of the crypto market with its own pricing laws, trading peculiarities, asset transfer and trading rules.

In some aspects, tracking and flipping NFTs is more difficult than trading exchangeable tokens and even DeFi activities, so it is also important to have a toolkit for analyzing information.

Analysis and Monitoring

Let's start with the tools that help you track upcoming and current NFT mintages, as well as market data for specific NFT collections and general market information:

NFTNerds: displays trending collections, tracks mintages, and provides a dashboard with a complete set of information for a specific collection, including deals, NFTs available for purchase, trading volume, and other information.

Moby.gg: Provides real-time data on price changes, transactions by specific users, new mintages, sales, and other important events.

A good solution for tracking activity for a particular collection or whale. There is also an alternative service called Ninjalerts, which allows you to receive event notifications through a mobile app.

Icy Tools: A data aggregator for NFT collections. It allows you to view key trading metrics for a given time period, track upcoming mintages, and receive notifications about important events.

In general, it combines the functionality of the tools described above, but to access all the features you will need to purchase the paid version.

An alternative aggregator called Compass is also available - it has fewer features, but has all the necessary information about the market, coins and specific collections.

Parsec: The service provides detailed information on transactions for a specific NFT collection, as well as a price chart and key market data.

It will be useful for tracking collections in real time. In addition, Parsec has useful tools for DeFi activities.

Also, don't forget that in the case of NFTs, it is equally important to follow the collection's (or founder's) social media activity, as their tweets/posts can have a significant impact on the price.

NFT trading is an emotional, volatile and social media sensitive segment of the market. 

NFT Marketplaces

If you haven't chosen a platform to trade NFTs yet, you can start your search with the following marketplaces:

Rarible and LooksRare: The oldest marketplaces on the Ethereum network. They were originally focused on NFT art, although they now offer a variety of collections.

The platforms lost their influence after the emergence and development of OpenSea, but still remain important players in the Ethereum ecosystem.

OpenSea: The most popular marketplace on the market with support for 8 blockchains. It offers a convenient interface and has a reputation as a reliable and secure trading platform.

It is in demand by both NFT degens and newcomers, although it remains primarily focused on Ethereum collections.

MagicEden: Formerly the largest marketplace on the Solana network, MagicEden is now a multi-chain platform for trading NFTs.

It is second in popularity only to OpenSea, although after the problems in the Solana ecosystem related to the bankruptcy of FTX, the popularity of both Solana NFTs and Magic Eden has declined.

Immutable: an NFT marketplace on the ImmutableX network. Since the network itself is focused on gaming projects, the collections presented on the marketplace are only related to blockchain games built on top of ImmutableX. In general, this is a niche platform.

As an alternative, you can use NFT aggregators that collect offers from several marketplaces at once, such as Gem or Uniswap NFT. Due to the larger number of offers, the user gets a wider range of prices and the opportunity to buy NFTs more profitably than on a single marketplace.

Bots and Automation

Since multi-accounting is common in NFTs, and some collections are in such high demand that even a one-second delay in trading or minting can lead to failure, many NFT flippers and collectors use automation services:

MinTech: a minting automation bot. It not only supports direct minting from a smart contract, but also tracks regular and stealth mints and provides a built-in portfolio tracker.

It currently only supports mints on the Ethereum network, but is constantly being updated.

NFTthunder: An automation service for OpenSea and Ethereum collections. It allows direct minting from a smart contract, creating and managing different wallets, setting mint participation mode, gas cost and transaction order.

It also has a sniping module on OpenSea and automatic offer placement. 

Breeze: a virtually universal automation service. It provides modules for various trading platforms and coin services, as well as extensive capabilities for managing multiple wallets.

It will be especially useful for multi-accounts, as it allows managing dozens of accounts on different platforms: from Premint to AlphaBot, and automates some processes for participating in raffles/mints (such as filling out Google forms).

These tools will increase the likelihood of a successful mint, allow for faster and more profitable purchase of desired NFTs, and easily manage dozens of wallets, which will greatly increase the efficiency of flipping and save time.

If necessary, you can also use more niche bots, for example, tailored for trading on specific NFT marketplaces.

All links to the above sites in the article, we will place in our telegram channel, come. (Binance does not allow the posting of third party links)🥲

We will finish with tools in the next article about news resources and event calendars.

#nfts #binancenft #opensea #crypto2023