Everything you need to know about NFT indexer tools
For those involved in non-fungible token (NFT) trading, understanding the value of an NFT index is crucial. An indexer platform serves as a valuable tool for tracking NFT projects and identifying high-potential tokens.
Think of them as comprehensive databases that conveniently locate tokens across different blockchains.
If you're interested in exploring top NFT indexer options in the market, you've landed on the right page. This article aims to provide insights into the benefits of NFT indexers and showcase some of the industry's leading choices.
What is an NFT indexer?
An NFT indexer functions similarly to a cryptocurrency tracking platform but focuses on non-fungible tokens. It provides key metrics related to NFTs, such as metadata, contracts, token IDs, ownership details, and transaction history.
By scanning various blockchains that support digital collectables, the indexer collects and stores this information in a database. It then organises the data in a user-friendly way, enabling users to easily access and navigate the NFT market.
Whether you're a collector, investor, or developer, an NFT indexer can be a valuable tool. It offers features like searching, filtering, and sorting, facilitating the discovery of valuable NFTs. Additionally, it provides insights into the broader NFT market, empowering users to make informed decisions.
Moreover, indexers may offer additional services like portfolio tracking, valuation estimates, and monitoring historical sales data. These features contribute to market insights and support traders in their growth.
Overall, an NFT indexer simplifies non-fungible token adoption by streamlining the analysis and research process, ultimately making it easier for users to navigate and engage with the NFT market.
## Benefits of an NFT indexer
Here are the three prominent benefits of using indexers:
An indexer can help you track your NFT collection by storing essential information such as market value, ownership history, and metadata. This provides valuable insights for trading and portfolio management.
Indexers can identify undervalued NFTs, making it easier for you to evaluate different tokens and spot those with high potential.
It enables you to Build applications that interact with NFTs, including marketplaces, games, and wallets.
Popular NFT indexers available in the market
Now let's look at the four popular digital collectable indexers available.
OpenSea, the largest digital collectables marketplace, offers robust indexing to monitor and track all listed assets. This enables convenient evaluation of projects and assets in one place. Not limited to collectors and investors, developers can leverage OpenSea's indexing to create interactive apps like marketplaces, games, and Web3 wallets.
Rarible is recognised as one of the premier NFT marketplaces. It offers a powerful multichain indexer that seamlessly integrates with the Multichain SDK API, enabling data storage from various blockchains. This indexer effectively records necessary NFT actions, including minting, burning, transfers, and other related activities.
Unmarshal stands out as a distinctive addition among existing indexers by claiming to introduce "the world's first decentralised indexer". This platform empowers users to develop their DeFi projects and join the Unmarshal ecosystem. Additionally, participants can earn rewards through the platform's staking program.
NFTPort is another platform that offers comprehensive infrastructure and APIs for deploying smart contracts for NFTs. Along with its indexing feature, it enables users to track a token's history, current value, burn, mint, and other related details. Additionally, it provides access to aggregate data from OpenSea, simplifying the process of launching new collections.
Indexing plays a crucial role in the trading of non-fungible tokens. It allows art collectors and investors to get critical information that may inform your investment decisions. In addition, you can also find undervalued projects or assets that may prove to be profitable.
There are numerous options available in the market for Indexers that may assist you in trading. Among them, OpenSea, Rarible, Unmarshal, and NFTPort can be ideal choices as they also offer various tools for developers.
Author: Wasay Ali
Wasay Ali is a versatile professional writer with global experience and a background in mechanical engineering and social science. He is adept at crafting news and informational content for the crypto space and has experience writing for other niches. He is a professional SEO content writer who has worked with several digital marketing agencies and clients in the US, UK, Pakistan, and Europe. He is a dedicated volunteer and enjoys reading, writing, poetry, and going to the gym. He is an INFJ-A personality type dedicated to positively impacting the world. Wasay has a passion for writing as it allows him to express his creativity, share his knowledge, and connect with people worldwide.