My favorites tools to discover new NFT gems 💎

The tools i use to discover new NFTs

Having a full-time job, working on Bonsai, and a small kid to care for, is only sometimes easy to manage while being a degen.

In the past few years, I got way busier than I was during the 2017 bull market, and it has become increasingly hard to find new projects with a minimal amount of time.

I still performed very well overall on my NFT portfolio trading, and thanks to those valuable tools, I gained a lot of time.

Twitter

I extensively use Twitter to find new projects during my free time and when I have a break.

I created many lists with exciting people to follow to keep my feed clean and always with valuable information. Twitter alone won’t get you far, but if you couple that with on-chain analytics, you can find people who perform the best overall.

Bonsai Finance

While I have a personal connection to Bonsai, as it's a project I have developed during my spare time, I've found promising opportunities by delving deep into the API and conducting thorough market analysis.

Though Bonsai is in early development, the ultimate goal is to create a sophisticated suite of tools for monitoring popular NFTs, digital tokens, and Ethereum accounts.

Our primary focus lies on Ethereum, except for the feature allowing a view of multi-chain token balances. In the future, we aim to encompass all EVM-compatible chains.

To sum it up, Bonsai presents itself as a potent platform for unearthing hidden NFT potential.

Rarity.tools

In the process of acquiring an NFT, it is crucial to prioritize rarity. The most sought-after NFTs, which have fetched millions of dollars, are highly scarce and desired by collectors. This scarcity propels their value upward. To keep track of and explore the NFT realm, Rarity.tools serves as a valuable resource.

On Rarity.tools, you can organize NFTs based on their collections, average prices, and even trading volume in ETH. Each NFT collection has a distinct webpage on the site. Furthermore, you can delve into the specific attributes of any individual NFT within a given collection.

The standout feature of Rarity.tools is its ability to assign a rarity score to any NFT. This score simplifies decision-making when assessing whether an NFT is worth investing in. The platform is user-friendly, offering comprehensive information and aiding users in identifying potentially profitable NFTs.

Nansen Analytics

Nansen is a big name in the field of cryptocurrency analytics. Its core site analyzes billions of on-chain data points, millions of wallet labels, and thousands of crypto-related entities to present all the information that any crypto investor could possibly want, and more that they didn’t know they wanted

Nansen has an NFT-specific section which it says allows users to “compare activity, portfolio and strategies used by ‘Smart Money’ with your own investment profile.” Nansen is clearly aimed at the more serious NFT trader, so let’s see if it delivers and how the platform treats the casual user.

What’s the Use of Nansen?

Nansen was started in 2019 with one core aim in mind – to know more about the wallets that are transacting on-chain. The team’s pursuit of this goal has led to Nansen becoming a leading provider of data and analytics for the Ethereum network, with support for more blockchains emerging since, and with NFT analytics also built in.

Nansen offers some of the most comprehensive NFT market analysis, with its focus on individual wallets offering users a unique insight into the movements in the NFT market. Casual NFT collectors might find the amount of data overwhelming, but serious NFT collectors/traders will find a wealth of new information at their fingertips.

overview of Nansen

What is Nansen?

Nansen has three modes within its NFT section:

NFT Paradise – market overview, including 24-hour activity (e.g. volume, floor prices, buying activity), trending projects, smart money buys

NFT God Mode – collection-specific data (e.g. price, volume, transaction overview), hodler activity, wallet profiler, individual NFT profiler

NFT Indexes – Data on NFT indexes, including art, gaming, metaverse, blue chip, and more

Separate from this is a ‘projects’ section that gives users insight into numerous metrics on the popular NFT exchanges and projects, such as OpenSea, LooksRare, and Axie Infinity. This section shows user adoption, behavior, trading activity, and more data.

Nansen even has a ‘wash trading’ filter which scans individual trades and builds strategies to identify suspicious activity, removing them from results when the filter is applied to offer a more realistic take on the market.

How Can I Get Nansen?

Nansen is available from Nansen.ai, with the NFT sector available and a link to NFT Paradise from the homepage. Make sure that you access Nansen through this link or by typing the address in directly – don’t rely on Google links.

Nansen has four membership options, from Lite to Alpha. As the free option, Lite is only really suitable to those who want a more basic oversight of the markets, with more serious NFT collectors/traders perhaps more interested in the paid options:

nansen prices

Whether you consider a paid membership good value for money depends on how serious you are about NFT trading/collecting: those who have the time and dedication to throw at the pursuit may find the extra insight invaluable, but most casual NFT collectors will find the free option more than adequate, with some areas even perhaps being too detailed.

What Will Nansen Help Me With?

Nansen is definitely of more use to NFT traders/collectors looking for an extra level of insight than they can find with free data analytics sites. It will be beneficial to those who want detailed insights into particular collections or even pieces within a collection and may well end up being the difference between a failed capture and a successful one.

Conclusion

Nansen is the pro’s choice regarding NFT analytics, which is reflected in its prices. Pro NFT traders will find the insights very useful and unique, which could well help them snag a bargain. Lite users may find, however that the information made available to them is still too niche, and if they have no intention of upgrading then they may be better off elsewhere.