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Given their widespread adoption and exorbitant market capitalization, NFTs are no longer unprecedented in the crypto world. Many new NFT projects and marketplaces have emerged in the last two years. The NFT Marketplace Aggregator is the best way to evaluate which platform to use. This brings up the question of what is an NFT Marketplace Aggregator and what are its benefits?
Marketplace is an open platform (centralized and decentralized) where NFTs are created and listed for public sale. They play a strategic role in promoting NFTs and connecting creators with potential buyers and investors. Additionally, the marketplace also provides a means for investors to trade and flip her NFTs in her P2P transactions. NFTs are created on blockchains with smart contract capabilities such as Ethereum, Binance Smart Chain, Polygon, and Solana.
Just as NFTs can be created on different blockchains, they can also be offered for sale on different marketplaces, depending on the preferences of the creator. Some marketplaces are more strict when it comes to accepting a creator and listing her NFTs, while some are open to most (if not all) types of his NFTs.For example, marketplaces such as high seas, SolcyWhen RarCan accept all types of NFTsand some other marketplaces specialize in photo NFTs, music NFTs, etc.
Due to the large number of marketplaces, cautious investors and hobbyists often bounce between these marketplaces. Deciding which market to buy from considering gas prices and other factors can be quite a hassle. At times, investors may fail to purchase rare pieces by trying to navigate before making a selection, and this is where NFT Marketplace aggregators come in.
An aggregator is a person, website, or software that takes data or information from various resources and displays it to users who may find it useful. Therefore, an NFT aggregator is a platform that displays multiple NFTs listed on various marketplaces. Such an aggregator allows traders and investors to easily trade her NFTs from various markets without having to go to the actual market.
These aggregators can be considered all-in-one marketplaces, as they pool NFTs from various markets and allow parties to buy and sell NFTs seamlessly. By presenting different markets to investors, we provide a broader perspective and enable them to compare NFT prices, gas rates, royalties, and other important factors.
It also eliminates the need for investors to navigate different markets and spends less time. Apart from all this, the marketplace aggregator also enables consolidated purchases where investors can buy her NFTs from various sources in a single transaction.
NFT marketplace aggregators pool NFT data or information from various sources, divide them into categories, and feed them to search engines. Below are the relevant stages.
Data pooling involves collecting transaction data for many NFTs from different markets. This pooled information is the cornerstone of all marketplace aggregators.
Pooled data is collected into a single catalog or interface, creating a single entry point for the platform. This single entry point provides seamless access to your data at query time.
Data classification involves classifying pooled data by specific metrics or parameters, such as rarity, timing, price, or ranking. This is to make data analysis seamless for potential investors and purchasers.
Upon successful execution of the above three stages, the collated data will be sent to the search engine on the platform, allowing users to easily track their preferred NFTs.
One of the key features of NFT marketplace aggregators is batch purchasing, which allows users to purchase multiple NFTs from different marketplaces in a single transaction. This batch purchase will save you additional gas fees that will be billed for each of his NFT transactions.
For example, let’s say you buy 30 NFTs and need to pay 30 different transaction fees. However, with this bulk purchase feature, you only pay a one-time transaction fee for all NFTs.
The main advantages of using NFT aggregators are:
spirit is the premier NFT marketplace aggregator, co-founded by Akash Nigam and Evan Rosenbaum in 2014. Uniswap subsequently acquired it on June 21, 2022. Genie Aggregator officially launched in November 2021. He provides users with his inventory of NFTs in markets such as OpenSea, Rarible, LooksRare, NFTX, NFT20, X2Y2. Investors can buy up to 60 of his NFTs from multiple markets in a single transaction, saving up to 40% on gas bills.
You can also sell NFTs on Genie. This allows us to maximize exposure by listing NFTs on OpenSea and LooksRare at the same time. The platform supports MetaMask, mobile wallets and Coinbase wallets.
jewelry is another notable market aggregator co-founded in November 2021 by Lorens Haculak, Josh Thompson, Deepanjal Gupta, and two others. The Aggregator Protocol went live in January 2022, rapidly cultivating leading NFT marketplace aggregators. OpenSea subsequently acquired his Gem on April 24, 2022.
Gem runs on the Ethereum network and aggregates NFTs from notable marketplaces such as OpenSea, LookRare, Rarible, Sudoswap, X Marketplace, X2Y2, Universe, NFT20, NFTX. spirit. The platform supports MetaMas, WalletConnect and Coinbase wallets.
rare board Another notable marketplace aggregator that lists NFTs from various marketplaces on the platform. In addition to being an aggregator, Rareboard has an NFT rarity dashboard that shows NFT pricing stock across different markets. The platform runs on the Binance Smart Chain and aggregates some of the largest marketplaces on the BSC network. It incorporates BinanceNFT, PancakeSwap, NFT Trade, Galler.io and more.
Users can create and list their NFTs on Rareboard, supporting MetaMask, WalletConnect, BitKeep and Binance Chain wallets.
flip Another marketplace aggregator co-founded in 2021 by Sam Hotchkiss, Brian Krogsgard, and Jennifer Jacobs. The platform has custom folders that allow users to curate his NFT experiences to their liking. This means that favorite collections, wallets and NFTs can be updated in real-time whenever a user lists her NFTs. All you need is an Ethereum wallet or her ENS name.
The platform is currently aggregated from OpenSea and LooksRare, with more marketplaces to come. It supports MetaMask wallets and can also add other wallets. You can sign up for the platform with your wallet, Apple, Google, Twitter, or email.
The NFT Marketplace Aggregator is a new NFT protocol that makes trading NFTs seamless with its functionality. Besides the aggregators above, there are other cool NFT aggregators such as: Blur, NFTGO, orion, When ludo.
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Technical writer with a passion for blockchain and all things decentralized world.
