The Crucial Role of NFT Aggregators
You may already be familiar with NFTs, the latest rage in the crypto space. For the uninitiated — non-fungible tokens, commonly known as NFTs — are one-of-a-kind digital assets whose ownership is tracked on the blockchain. Some typical examples of NFTs include collectibles, digital art, game items, etc.
Certainly, in recent months, NFTs have exploded in popularity. Several big names in the crypto space are either minting NFTs for charity or even starting their own NFT companies, including Tom Brady, Patrick Mahomes, Mark Cuban, and others.
There’s no doubt that as NFTs continue their rise to mainstream adoption, they have penetrated almost every industry. These blockchain-based virtual assets have gained much attention largely due to their attributes such as uniqueness, rarity, and verifiability, all of which can be applied to gaming, art, sports, media, and more industries.
However, despite the recent surge in popularity they have witnessed, it’s important to note that the NFT segment is still in its infancy. NFT assets are currently fragmented across multiple marketplaces and blockchains, with each competing for volume and visibility. Customers are literally jumping from platform to platform, hoping to find all of the different events and news occurring on each platform. As a result, even as the popularity of NFTs grows, it has become increasingly difficult for collectors, investors, creators, and fans to keep up with new releases and launches.
And for this particular reason, asset aggregation in the NFT market is extremely important. Anyone wishing to make gains in a niche market such as the NFT market must have access to an asset aggregator and learn from it.
Here are some benefits of using NFT aggregators:
- Wider access to information
Even though the number of decentralized NFT projects in the market is growing, they are generally characterized by a lack of interoperability and data-sharing protocols. As a result, a good aggregator is essential to obtain cross-chain, cross-platform, cross-project, and cross-dimension access that allows users to measure, forecast, establish goals and make decisions based on fact.
2. Informed decision-making
With the help of an aggregator, users can access NFT-related data and assets, which can further empower them to make active and smart decisions based on statistically sound evidence. While the NFT market’s unpredictability and limited liquidity cannot be solved with data, it can certainly assist individuals in visualizing market conditions through numbers, rankings, or tables.
3. Enhanced strategic thinking
The ability to think strategically about NFT acquisition and investment can be built into a mindset. The NFT market is never without hype, and prompted by such dramatic market trends, a large number of speculators stream into the NFT market every day.
Users need to look through numerous patterns and train their data mindset to interlink isolated information, examine events objectively, and use their resources rationally in order to sustain sound growth in NFT assets. In the long run, such strategic thinking will certainly improve business efficiency.
4. Enhanced market accessibility
The marketplace will become much more accessible with an NFT aggregator since people will only need to utilize one single application to access everything available on the open market.
5. Access to NFT Rankings
Using an NFT aggregator may also provide a multi-dimensional ranking of NFT-related indicators for users and investors. Therefore, based on the aggregated data, they can provide the latest rankings of assets, collections, holders, and whales. They may also help users to discover high-value NFT projects and assets, track NFT whales, assess the investment value of NFTs and NFT tokens, and trace NFT owners across the network.
In this regard, NFTrade serves as a gateway to the NFT marketplace.
How NFTrade is changing the game
NFTrade is the first cross-chain and blockchain agnostic NFT platform. Essentially, the platform acts as an aggregator of all NFT marketplaces and hosts the entire NFT lifecycle, making it possible for anyone to create, buy, sell, swap, farm, and leverage NFTs across multiple blockchains.
Anyone can use NFTrade to acquire access to the entirety of their NFT, unlocking the market’s total value. Some of the key features of the NFTrade platform include multi-chain and cross-chain NFT exchange, multi-chain NFT creation, escrowed P2P trading, staking and NFT farming, NFT launchpads, social features, etc.