Discover the 6 best free NFT tools! A complete starter guide. =

Do you sometimes have the feeling that everything is changing just a little too quickly and that you can no longer see the trees through the woods? You would like to delve into NFTs but you feel that you are always lagging behind and therefore miss opportunities? Countless NFT collections are added every day, but are these also a good investment?

In this blog we discuss 6 NFT tools that can help you to further research an NFT collection. Timing is important, especially when trading NFTs. With these NFT tools you will gain insights that are essential to determine whether or not it is a good time to buy that one specific NFT. Please note: this blog is for informational purposes only and is not financial advice. Therefore, rely only on your own findings and only invest money that you are willing to lose.

View quickly

 

  • View quickly
  • Research NFTs
  • mints vs. secondary sales
  • Nftsignal.io
  • Rarity.tools
    • emerging
  • Cryptoslam.io
  • Nft-stats.com
  • Nansen.ai
    • Smart money
  • Icy.tools
  • Conclusion

Watch a tutorial about NFT tools that can help you in your search in the video below. This video includes NFT tools that we discuss in this blog, as well as other tools such as NFT Scoring and Flips Finance.

 

Research NFTs

Everyone wants to be an early investor. Only in this way can you maximize your profits and increase your chances on the secondary market. Investing in crypto is often done on the basis of a fundamental analysis. Investing in NFTs depends on other factors. The digital art trade is based on indicators such as roadmap, volume, scarcity and marketing/hype. But if you are doing research in NFTs, it is important to consider the following points:

  • Team
  • Artwork
  • Community
  • roadmap
  • Utility

Apart from that, it is perfectly possible to trade NFTs, lacking this fundamental basis. How? By having sufficient insight into what is going on in the market. Fortunately, there are plenty of NFT tools for this that can help you with this. If you only want to make money with NFTs by flipping them, the NFT tools below are a handy tool!

mints vs. secondary sales

There are plenty of ways to trade NFTs. The best-known NFT marketplaces are OpenSea and Rarible where anyone can list their NFT. But these NFTs obviously come from somewhere. Investors who get involved early in a collection or an NFT project have the opportunity to mint this NFT through their own website. The minting price is set by the team itself, but is usually between 0.01 ETH and 0.5 ETH, depending on the collection.

It is here that you can invest cheaply in an NFT and then sell it on the secondary market for large profits. By secondary market here we mean public NFT marketplaces, such as the ones mentioned above. Another example is the Invisible Friends collection, which was minted for 0.25 ETH and is now tradable on OpenSea with a floor price of 6.8 ETH.

So everyone wants to buy such an NFT at all costs for this relatively low minting price in the hope of being able to trade it with nice profits. But which collection is worth it? There are numerous tools, free or not, that you can use to gain more insight into this NFT trade. These tools help you find good NFT collections, but also determine when it is wise to buy or sell an NFT on the secondary market.

Nftsignal.io

Nftsignal.io is a free tool to discover trending NFT projects. This tool mainly gives you more insight into what other investors are doing. Which NFTs have they purchased in the last 12 hours, 24 hours, 48 hours or 3 days. From this simple list you get an overview of which top investors buy which NFTs. The interface is extremely sober, where you can choose from 4 different filters, namely:

  • Recently minted
  • recently purchased
  • Topprojects
  • Top collectors

How can you use this? When you see different investors buying or minting the same NFTs, it may be a sign for you to do further research here. Not all NFT collections with large investors are a guarantee of success.

Rarity.tools

Rarity.tools is perhaps one of the most well-known resources for researching NFTs. This extensive database gives you all the information you need. Think of the top collection, ranked on the basis of volume and price. You can see the latest collections at a glance. When you click through, you get an overview of this collection.

An important part of a collection is the rarity. How rare is this NFT and what are the chances of selling it for a significant profit ? The more unique, of course, the better. At the bottom left you can filter on these traits. Each NFT gets a separate Rarity.score, based on all its unique properties. Here you can see which NFTs are the best in the collection. The higher this Rarity score, the more unique your NFT. Unique almost always means a higher floor price!

emerging

In the ‘upcoming’ section you will get an overview of the new collections that will be launched in the coming days. With each collection you will see a link to both their Twitter and their Discord. You can immediately see what the price is during the presale and the public sale, including the total number of NFTs in this collection. This number also gives you more information about how rare a collection is, which affects the price. This is therefore an ideal starting point for further research on a particular collection.

Cryptoslam.io

Although many investors think that NFTs can only be traded on OpenSea, there are plenty of options and lots of blockchains. OpenSea is still the largest NFT marketplace at the time of writing, with much of this trading done on Ethereum. Nevertheless, the platform also supports Klatyn and Polygon. But did you know that there are many more blockchains on which NFTs are traded?

Cryptoslam.io gives you a global overview of all NFT trading. Not only do you see which NFT collections are traded the most in a certain time frame, but you also see the total volume of NFT sales per blockchain and the number of buyers . This way you get more insights into the entire market sentiment.

In the example below, we see that in the last 7 days, no less than 54,645 investors have bought an NFT in the Ethereum network. Compared to just 1,059 on the Binance Smart Chain (BSC). Why is this important? If you know where the most trading volume is, you also know that it may be easier to flip your NFT there.

 

Cryptoslam.io

Nft-stats.com

As the name suggests, nft-stats.com gives you a whole bunch of statistics about the NFT market. Ranging from data, charts and the latest news. They collect this data from various NFT marketplaces. Here you can see, for example, how many NFTs have been sold in the past 24 hours, but also the completely different trading volume. View the top trending collections, but also get more information about the rare properties of an NFT, thanks to the Rarity Explorer. Each NFT in the collection is given a certain score. The higher this score, the rarer this NFT . This is an important factor that can be part of your investment strategy. Will you buy the cheapest NFT from the collection, or are you willing to pay more for a rare NFT?

Nft-stats focuses on the top collections. These are collections where either the floor price rises sharply or where the trading volume increases. For example, you cannot see what the whales do here, nor can you discover new NFT projects here.

Nansen.ai

Nansen.ai is a blockchain platform that combines both the on-chain data from NFTs and all the information from wallets worldwide. It is a popular tool for getting ‘ inside information ‘ in the world of NFTs. Thanks to the use of artificial intelligence (AI), it extracts all information from external sources and bundles them together on this platform. In addition to the volume, you can also see the average price per collection, but also the minting price and max price. This tool is unfortunately not free, but definitely worth mentioning. It is perhaps the NFT tool par excellence !

Nansen.ai

Smart money

Because Nansen.ai also gets insights into wallets of millions of users, users also know which investors have an impressive portfolio . Through this tool you can see which NFTs they buy and at what price. Are lots of people buying or minting NFTs from one particular collection? Then it is undoubtedly worth investigating it further. Nansen.ai also gives you an overview of the volume, the number of transactions, the number of unique buyers and the price range. They call this smart money. Investors therefore look at this metric with suspicion when it comes to new NFT projects. But please note: this is not a guarantee . In the past, many NFT projects have been unsuccessful despite a lot of ‘smart money’ going into these projects. Therefore always do your own research and only invest on your own findings.

Nansen.ai is not just any tool. It is considered the most powerful tool to research the NFT market . It is therefore not surprising that big names use Nansen.ai. Think of Polygon, DeFiance Capital, Polychain Capital and Axie Infinity. The lite version of Nansen.ai is free. For more insights you can take out different subscriptions:

 

Per month

Standard

149 dollars

VIP

1 490 dollars

Akpha

3 000 dollars

Icy.tools

Icy.tools is a tool where you can see statistics of existing NFT projects, such as floor prices, volume and sales history. In the overview you immediately get all the information about the trending NFT collections. You can rank them by criteria such as sales, volume and market cap. But the platform is also often used to find new NFT collections. Via the ‘discover’ tab you can discover NFTs and filter them on the same criteria.

You can also immediately see how many unique minters there are . Why is that important? If a whale owns a large number of NFTs, he/she can influence the price by, for example, selling all NFTs at once. Of course you want to prevent this. The more unique minters, the better. You can even set up notifications to notify you when an x number of NFTs have been minted in the past. This can be last minute, 5 minutes, 10 minutes or 15 minutes. Do you have a particular collection in mind? Follow them through your unique watchlist and track your favorite NFT projects.

There are plenty of free features you can use with Icy.tools. You can consult statistics on a time frame of 1 hour, 12 hours and 24 hours. However, if you want more detailed information on a smaller time frame, you need Icy Premium.

Icy.tools

Conclusion

Trading digital art is a popular business and can be very lucrative. You hear of many people who have earned a whole month’s salary in a week with the sale of their NFT. With the popular Bored Ape Yacht Club and the launch of their native token $APE, everyone naturally wants to find the new Bored Ape of CryptoPunk. But is that so easy?

Fortunately, there are plenty of NFT tools that can support you in your search and research. I use the word ‘ support ‘ deliberately here . These NFT tools give you more insight into the current market, but they never guarantee the success of an NFT collection . It does not mean that when smart money goes to an NFT collection, it is therefore guaranteed to increase in value. Therefore, always do your own research in an NFT collection and only invest money that you are willing to lose.

Do you have any questions about one of these tools? Ask us in our AllesOverCrypto Facebook group where we now have more than 100,000 members! You can also easily find the answer to a question about crypto in our FAQs. Furthermore, you can also find a lot of information by googling your question + AllesOverCrypto.

Header image: Mia Stendal/Shutterstock.com

 

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