NFT tools for proper market research

There is a need for NFT research tools to bring ease into such an illiquid market as people and crypto enthusiasts become increasingly interested in the industry.

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There is a need for NFT research tools to bring ease into such an illiquid market as people and crypto enthusiasts become increasingly interested in the industry. While it is a safe bet to invest in well established NFT projects such as the Bored Apes Yacht Club, CryptoPunks and Cryptokitties, these projects cost millions to invest in, pricing out many average investors. Hence, the need to find the next Bored Apes or Cryptopunks in their nascent stage. But randomly investing in NFT projects can also be costly and wasteful as the NFT market is relatively illiquid, unlike its fungible counterpart cryptocurrency. This article provides you with the best market research tools to help you stay ahead of the game and discover those nuggets of NFT gold as early as possible.

NFT market research tools

Whether you are a newbie or have already dabbled in the NFT space and have some collection of your own, having the right tools to help you identify, track and evaluate various NFT projects can be extremely valuable in carrying out your market research. This is because not having the correct data can significantly impact your investment decisions. Here are six market research tools that you can leverage to level up your NFT investment game.

Tracking tools

These are useful tools that allow you to stay on top of the market by tracking key metrics such as market trends and individual sales.

  • DappRader is a well-rounded analytical tool suitable for new NFT investors and more seasoned investors. DappRadar features a wide range of analytical tools that users can use to analyse, track and discover new NFT projects.
  • Dune Analytics - another powerful market research tool for deep and customised analysis. Dune gives users access to various public queries and dashboards across several networks. Over time, users can also build their complex queries, such as an NFT floor tracker. It is free to use and accessible.
  • NonFungible - gives you access to a wide range of NFT collectibles across different sectors, including gaming, ranks projects in real-time and allows you to build valuation models to what each NFT is worth at any given time.
  • Etherscan - blockchain explorers are very useful to monitor on-chain activities and track NFT metadata. To ensure that they are minting from the right contract, many NFT traders prefer to mint directly on Etherscan or other blockchain explorers. Etherscan API can be very useful in getting helpful information and metadata about an NFT project and provide more meaningful insights into a project.

Trading tools

Buying and selling your favourite NFTs has become easier with the proliferation of various marketplaces across multiple networks. Here are some of the best marketplaces to trade your NFTs.

  • OpenSea - is built on the Ethereum network and is the largest and most recognised NFT marketplace. OpenSea makes it very easy to mint, buy and sell a wide range of NFT collectibles, including gaming items and virtual collectibles.
  • Rarible - a great alternative to OpenSea and the second-largest NFT marketplace. Unlike OpenSea, Rarible is more organized and gives users access to verified creators. It has a governance token called $RARI.
  • SuperRare - ideal for users interested in trading exotic and rare digital assets. It only features the highest quality NFTs. However, the platform is super selective about the artists that use it. Only the best are invited to use it.

Rarity identifying tools

Rarity is one major factor to consider when investing in an NFT project. Many NFT collections only offer a limited number of certain digital assets. As a result, they are considered rarer than other NFTs. And scarcity often equates to value. Rarity identification tools are essential in your NFT market research. These tools allow you to check how rare your NFT is using an ID code.

  • - this ranks NFTs by rarity. Users can view the information in real-time and filter by owner count, total sales, average price etc. This tool is helpful if you want to get an idea of the market value of your NFT.
  • HowRare.Is - This is useful for NFTs native to the Solana network. It allows users to look up the rarity of an NFT using an asset ID. This gives the collection legitimacy and helps investors avoid scams.
  • Rarity Sniper - This also uses an ID identifier to determine the rarity of a given NFT. It, however, supports NFT collections on both Solana and Ethereum networks.
  • Raritysniffer - provides the latest rankings of new NFT projects by their rarity. It is user friendly and encourages community participation.

Wallet/ Wallet tracking tools

As a new investor in the NFT market, knowing what established and well-experienced collectors in the space are doing is very useful. Following the flow of smart money can give valuable insights on which projects to put your money into. Therefore, wallet tracking tools are a must-have for your NFT market research.

  • Nansen - allows you to track what experienced NFT collectors are doing. Nansen analyses and tracks over 90 million Ethereum labeled addresses and their activities.
  • Context - gives you access to information on the NFTs whales are investing in. It provides users with the option to see activity from featured collectors, featured artists, members of Friends with Benefits, wallets holding CryptoPunks and much more.
  • - like every other tool in this category, track more than user wallet addresses. The beginners' favourite is because of its straightforward, transparent interface suitable for a quick market survey. It also allows users to enjoy features like transaction history on NFT collections and much more.

Upcoming drops

Due to the sheer amount of NFT projects circulating the market today. It is very common to miss out on specific NFT drops because of a lack of prior knowledge and miss out on getting in early. Therefore it is handy to have tools that can help you keep track of all the upcoming NFT launches.

  • NFT Calendar - this is one helpful tool for tracking forthcoming NFT drops. It keeps you updated with scheduled drops and alerts users about events, giveaways, and sales related to NFTs.
  • NFT Catcher - another valuable platform for catching the next NFT drop on time. It aggregates the comprehensive lis5 of NFT drops and information available across different networks.
  • Upcoming NFT - this is another helpful tool for never missing out on the latest NFT drop. It updates users on upcoming NFT projects, events, drops, auctions or giveaways. You can sort through listed NFT projects based on their popularity, time of adding, and the upcoming ones.


There is no question that NFTs are here to stay and have become an essential means of transferring wealth. But, finding the right NFT project to invest in for the long term is not easy and requires a lot of work. With the right tools at your disposal, you can improve your odds and maximise your investment returns. These tools can also help you keep abreast of the latest trends and jump on these trends at the right time.

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