1. What is NFT Aggregator?
NFT Aggregator is a platform that combines liquidity from multiple NFT marketplaces, enabling users to trade NFTs across various platforms without the need to access each marketplace separately.
On the NFT Aggregator platform, users can access multiple NFT marketplaces simultaneously to compare prices, trading volumes, and other details of their favorite NFT collections, allowing them to trade at the most optimal prices. Some popular NFT Aggregator platforms today include Opensea Pro, Blur, and Mintify.
2. The operational mechanism of an NFT Aggregator
The operation mechanism of NFT Aggregator is as follows:
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Data Collection for NFTs: The NFT Aggregator platform will gather data related to NFTs from various sources, such as NFT marketplaces, blockchain explorers, and other data providers.
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Organizing and Importing Data: After data collection, the gathered data will be organized and shared for users to monitor. The NFT Aggregator allows users to easily search for data, including prices, categories, trading volumes, holders, NFT marketplaces, and more.
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NFT Trading: The platform will offer users multiple purchasing options. Users can buy and sell NFTs directly on the platform or be redirected to the marketplace where the NFT is listed and traded.
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Revenue: The NFT Aggregator platform will generate revenue through commission fees for each NFT transaction made on the platform or through advertising.
3.Key features of NFT Aggregator
NFT Aggregators bring many benefits to both NFT buyers and sellers. Specifically, these include:
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Simple interface with full feature integration: NFT Aggregators consolidate NFTs from various NFT marketplaces and display them in a single interface, allowing users to trade NFTs across multiple marketplaces without switching platforms.
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Bulk trading: Users can purchase multiple NFTs in a single transaction.
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Effective collection price tracking and statistics: With aggregation tools and data filters, NFT Aggregators enable users to easily search for NFT collections and compare prices across different marketplaces.
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Portfolio management: While not exclusive to NFT Aggregators, these platforms excel in managing aggregated portfolios across various marketplaces.
4. Distinguish between NFT Aggregator and NFT Marketplace
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NFT Marketplace: a platform that allows users to buy and sell NFT collections. On NFT Marketplaces, users can list NFT collections for sale and purchase NFTs directly from creators. NFT Marketplaces also support bidding on NFTs, minting NFTs, and more.
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NFT Aggregator: a platform that allows users to buy and sell NFTs across multiple NFT Marketplaces. NFT Aggregators provide suggested prices for an NFT collection from various marketplaces, enabling users to purchase at better prices.
NFT Marketplace | NFT Aggregator | |
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Feature | Buying and selling NFTs on a single marketplace | Buying and selling NFTs across multiple different marketplaces |
Ownership | Enabling users to buy and directly own NFTs | Users can check NFTs across multiple marketplaces, but they only truly own them once the NFTs are successfully sold on a specific marketplace |
Revenue model | Revenue from listing fees, transaction fees, and fees for creators | Revenue from advertising, affiliate marketing, and project commissions |
The connectivity for creators. | Building strong bonds with creators by providing tools for minting and selling NFTs | Just an intermediary without much attachment to creators |
The storage repository for NFTs | The NFT Marketplace acts as a wholesale distributor of NFTs with large quantities directly on the platform | The NFT Aggregator acts as a 'distribution unit' with limited quantities, relying on other NFT Marketplaces to supply them with NFTs |
5. Top 3 prominent NFT Aggregator platforms
The operational model of NFT Aggregators is generally similar, but each platform has its own unique advantages and standout features to attract users. Below is a summary of information about the top 3 most popular Aggregator platforms today.
5.1. Blur
Blur is both an NFT Aggregator and an NFT Marketplace. Blur is a trading platform designed for professional traders, featuring numerous functionalities that optimize user experience and facilitate the buying and selling of NFTs.
Blur serves as both an NFT Aggregator and an NFT Marketplace, consolidating liquidity from top marketplaces like OpenSea, LooksRare, and X2Y2, offering diversity to its user community. Despite launching in 2022, Blur quickly became the top NFT platform on Ethereum.
A unique feature of Blur is its 0% transaction fee policy, distinguishing it from competitors who typically charge commission fees. Users of Blur also receive real-time updates on market prices, trading volumes, and NFT ownership information. The NFT Portfolio management tool allows users to assess the performance of their collections, providing detailed insights into profits and losses.
Blur's user-friendly interface is a highlight, facilitating easy searching, exploration, and efficient management of NFTs.
5.2. OpenSea Pro
OpenSea Pro is an NFT Aggregator owned by OpenSea, one of the leading NFT Marketplaces on Ethereum. Previously known as Gem V2, one of the largest NFT Marketplace Aggregators, it was acquired by OpenSea and subsequently rebranded as OpenSea Pro.
OpenSea Pro allows users to access over 170 NFT Marketplaces such as Blur, Foundation, and others to trade NFTs at the best exchange rates. Through OpenSea Pro, users can also enjoy benefits on OpenSea itself, such as listing NFTs with 0% fees, placing buy and sell orders with various customizations including price, quantity, and quality.
OpenSea Pro serves as OpenSea's tool to compete in the market against Blur, which quickly gained market share shortly after its launch. Currently, OpenSea Pro has added numerous utilities for traders, including portfolio management tools, instant sales at the best available prices, and NFT sweeps.
5.3. Mintify
Mintify is a unique NFT trading platform that aggregates liquidity from various public and private NFT marketplaces. Users can trade and analyze NFT data across all public and private marketplaces through Mintify.
Mintify provides a unique user experience by combining liquidity from leading NFT marketplaces. Its user-friendly interface not only facilitates exploration but also makes NFT transactions straightforward. As an aggregator platform, Mintify integrates all necessary features for NFT trading, from buying and selling to exploring and analyzing NFT collections in the market.
With Mintify, users can explore the NFT space with special features like early whitelisting, contract minting, team research, asset management, and detailed project analysis. This creates a distinctive experience for users looking to engage in the NFT world.
6. Conclusion
NFT Aggregator is a unique platform that consolidates NFTs from various marketplaces into a single interface. With a user-friendly interface and fast transaction capabilities, it provides convenience for users to buy, sell, explore, and manage NFTs.
By integrating essential features such as portfolio management and project analysis, NFT Aggregator creates a diverse and liquid environment for the NFT community. It's a comprehensive solution that enables users to easily access a wide range of NFTs from reliable sources. Essentially, NFT Aggregator acts as a bridge between NFT traders and developers, opening up more applications for both the NFT-Fi niche and the broader NFT space.
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