Top tools every NFT trader should know

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Top tools every NFT trader should know
Top tools every NFT trader should know

NFTs became famous in 2021, and the trend doesn’t look like it will end soon. The crypto space has become more accessible to the average person with the merger between NFTs and mainstream industries like games, art, entertainment, collectibles, real estate, etc.

Due to the fast expansion in the NFT market, there have been records of popular NFT sales closing for more than $1 million. Don’t get me wrong; not everybody is making money from NFTs. The traders that make such amounts are doing it on a professional level. 

Professional NFT traders are well-versed in how NFTs operate and what drives their value. They also have the necessary tools at their disposal, which help them identify potential deals that are profitable.

Do you want to break into the NFT space but don’t know where to start? Or you’re looking for tools that can give you an edge in the NFT market? We scoured the internet for the best NFT tools most professional NFT traders use to help you take your NFT game to a higher level.

This article will provide essential resources and tools you need to trade NFTs.

Why are NFT tools a must-have for beginners?

To get the most profitable NFT deals, you need the ability to assess the market, find potential digital assets, determine the rarity of NFT, get the latest NFT news, and trade NFTs safe and fast. Unless you’re a professional, it’s almost impossible. 

NFT trading tools place you at the same level as the experts, keep you one step ahead of the competition, and allow you to make informed judgments. 

This article has compiled a list of some of the top tools for NFT trading. These tools are the best toolsets you need on your quest to become a successful trader in the NFT world. 

Best platforms for trading NFTs

Buying, selling, and flipping of NFTs are possible through NFT marketplaces. There are tons of NFT marketplaces, so which is the ideal choice to trade NFTs?

1. OpenSea

OpenSea is the largest and most well-known NFT marketplace. Users can trade anything from gaming products, digital assets, virtual collectibles, and NFTs on this platform. 

There are no geo-restrictions on buying, selling, or exchanging NFT via OpenSea. The platform is also home to over 4 million digital assets, and you can explore by category to find something that piques your interest. 

You can trade on the go with OpenSea; the platform supports mobile devices. There are also some valuable resources, such as guidelines for avoiding fraud and staying safe on the decentralized web — for beginner traders.

2. Rarible

Are you looking for an excellent alternative to OpenSea? Have you heard of Rarible? The platform provides everything you need to buy, sell, and trade NFTs. NFT genres available on the site include arts, photography, music, and video games.

You’ll have access to a large marketplace with verified authors and plenty of volume with Rarible so that liquidity wouldn’t be an issue. The platform confirms its creators and awards badges to approved digital artists, so you can be sure that any NFT you buy is genuine. Plus, you don’t need to know how to code to generate and mint your own NFTs.

There’s also a page on their website with information on their verification method, their governance token $RARI, and how to become a more advanced Rarible user.

3. SuperRare

SuperRare marketplace is the best option for people interested in trading uncommon and unusual digital goods. This platform is exclusive to top artists, so you can be sure you’re getting some of the best NFTs.

Because the site isn’t overloaded with much other stuff, it’s easy to find NFTs on SuperRare. If you’re a collector who enjoys discovering new artists, SuperRare is a great place to start.

You can also check out some of these NFT trading platforms:

  • Foundation
  • Solanart
  • NiftyGateway

Best NFT tools for tracking NFTs

Expert NFT traders know the importance of tracking NFT market trends and individual sales to see what’s happening in the NFT market. This process takes time and requires prior knowledge of how the market works. 

But, some fantastic tools will provide you with NFT market data with a few clicks. You’ll be able to make informed and intelligent investing decisions with an NFT tracking program. Here are a few tools to help you keep track of NFTs.

4. NonFungible

NonFungible claims to be the “world’s largest NFT data repository,” and that’s not far from the truth. This tool will give you access to real-time advanced market analysis, asset price evolution, and real-time project rankings.

Their extensive database contains many blockchain collectibles and gaming markets you can search using NonFungible. It’s also an excellent place to learn about a certain NFT.

One of NonFungible’s shining points is the transparency into the NFT market it offers users. The program assists you in creating a valuation model for NFTs. This feature means you’ll always know how much an NFT is worth. As a result of your in-depth market analysis, you’ll have an advantage over other investors.

Other excellent options to explore:

  • CryptoSlam
  • NFT Stats

Best NFT insight platform

It’s critical to have reliable, up-to-date sites that provide NFT news to remain on top of what’s happening in the world of NFTs. Because these sites focus on NFT news, they aren’t as well-known as other crypto and blockchain news outlets. Regardless, you’ll get all the NFT data you need to make informed choices.

5. NFT Now

The goal of NFT Now is to innovate how NFT developers and communities share knowledge. NFT Now intends to help promote a new economic model for creators by putting power back into their hands.

This site provides significant insight into NFT, including the most up-to-date industry news, studies of groundbreaking artists, collectors, engineers, and many more. You can also sign up for their weekly newsletter to receive all this information in your mail.

Not only will you have the most up-to-date information about NFTs, but you’ll also get access to NFT Now’s vast library of instructional publications, including a guide to demystifying NFTs, podcasts, and videos. 

Other excellent options to explore:

  • NFT Evening
  • NFT Plazas

Best NFT Rarity Identifiers

The rarity of digital assets is one of the primary drivers of the NFT market value. It makes sense if you want to determine the rarity of an NFT after you’ve minted it or before acquiring one from your preferred marketplace.

Many NFT collections only feature a limited amount of digital assets. As a result, they’re unique and more sought out than other NFTs. But, how do you know the rarity of a certain NFT?

Using a Rarity Identification tool, you can look up the rarity of an NFT from its ID code. After that, you’ll know if you’ve hit the metaphorical NFT jackpot or should pass.

6. Rarity Tools

Rarity Tools is a site that ranks generative art and collectible NFTs by rarity. The platform is the most popular NFT research tool for determining rarity. 

This tool features a Rarity Score, the most crucial factor in assessing the value of an NFT. In short, the higher the Rarity Score, the better. You can view real-time data and filter results on an NFT collection by average price, total sales, owner count, and more.

Their database covers data on the rarity of NFTs in popular collections such as Bored Ape Yacht Club, Chubbies, and CryptoPunks, as well as any new projects. With the NFT’s ID, you can determine its rarity. 

Rarity Tools is a great tool to use if you want to estimate how much your NFT is worth. You can also list your own NFTs on the site, but you’ll have to pay 2 ETH for the privilege.

Other excellent options to explore:

  • HowRare.Is
  • Rarity Sniper

Bottom line

Even though NFTs are still new in the crypto world, many tools and resources are available to assist you in taking your NFT game to the next level. With the right tools at hand, you gain more control over your investment and would be able to safeguard and expand your NFT collection.

Some of these tools need you to pay for a premium version, but the features available make it worth every penny. Premium tools give you an advantage over other investors over freemium software.

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