Recently, interest in NFT has been increasing, and utility NFTs linked to real life are appearing in the industry one after another beyond NFT for collection purposes. In particular, famous domestic and foreign companies such as Starbucks, Nike, Adidas, and Gucci are raising public interest by delivering news related to the launch of NFT.
With these industry news, people who were not familiar with cryptocurrency or NFT are also interested in the project, and more and more people are asking their acquaintances to purchase NFT.
Various factors must be considered in purchasing NFTs, but it was not easy to find a place that provided easy access to information related to NFT valuation from the perspective of the general user. As a person with this thirst, I also have a useful site that I found while searching for various services, so I share it through a blog.
Today's recommended service is NFT RADAR.
NFT RADAR
NFT collection verification and wash trading analysis for NFT investment risk management
nft-radar.xyz
A number of information must be checked to determine the adequacy of NFT prices, and basic and rare information of NFT can be easily checked through marketplaces such as OpenSea and other analysis sites, but the following data were rarely easily viewed.
(1) USD price trend
(2) Check the possibility of NFT self-transaction
NFT RADAR is the unique service where you can easily check out the two main features above.
Now, let's take a look at each of the key features mentioned above.
(1) USD price trend
Recently, when I purchased NFT, I had a hard time checking the price information by turning on the calculator and repeating the process of converting the ETH amount of NFT's recent transaction to USD several times to check the price information. I think it's a site that provides the best functions for those who have had difficulties with the same experience as me.
The example below is the result of inquiring about Mebit #11136 NFT transaction information through NFT RADAR. If you look at the lower left graph, you can check the transaction price trend of ETH as well as the transaction price converted to USD amount at the time, so you can easily check the details with Fiat Current, not Crypto Current. In the case of this Mebit NFT, the ETH sales price rose compared to the previous transaction, but in USD, you can see that it fell in reverse. As NFT is traded as a virtual currency, depending on the fluctuation of the virtual currency, there is a characteristic of price fluctuations regardless of the actual value of NFT, which seems to be a very useful function to easily inform potential NFT buyers.
(2) Check the possibility of NFT self-transaction
NFT's high selling price has become an issue, and many attempts have been made to intentionally raise NFT prices through NFT Wash Trading, and it is increasingly important to check the NFT's trading situation before purchasing NFT, as a famous statistics site reported that about $30B of Ethereum NFT trading volume is suspected of NFT.
The example below is a Holders map that came from looking up famous NFTs through NFT RADAR. It is impressive to visualize the text-based NFT transaction data recorded on the blockchain and show the holder map at a glance. In particular, it seems to help determine the situation of the bicycle transaction by easily grasping the transaction details in which the cycle is drawn during the transaction process. The fact that NFT RADAR itself analyzes and marks the suspicious situation of bicycle transactions seems to be useful for NFT purchasing interest.
In addition to the above key features, it is also impressive that you can follow the NFT price trend graph to see the details of each transaction immediately and provide indirect data on where to sell from the seller or buyer by telling them where the marketplaces are mainly traded.
Recently, due to the growing interest in NFT, I have seen inconvenience while purchasing it personally, and it is very useful for users because it is easy to evaluate NFT Valuation and manage NFT risk through sites that provide useful functions such as NFT RADAR. From the standpoint of continuous NFT transactions, NFT RADAR will also be a service that continuously registers and searches in bookmarks to analyze the trend of NFT transaction amount and determine the circumstances of autobiographical transactions.
If you're interested in selling or purchasing NFT, I hope you'll be able to get useful information through NFT RADAR when you do business.
NFT RADAR
NFT collection verification and wash trading analysis for NFT investment risk management
nft-radar.xyz