The Ethereum blockchain explorer and the Etherscan analytics platform have made NFT tracking available as part of a transaction tracking tool.
Etherscan tweeted yesterday that users will now be able to “track most of the NFT activity on Ethereum,” including ERC721 and ERC1155-based non-mushroom tokens.
The new feature will help provide greater transparency to the large market share of NFTs and may help new investors determine the value of NFTs as they can now view the entire price history, transaction history, and coin history.
Etherscan users can use the Non-Fungal Token Transfers section to find coins, give out, transfer and record NFT events for popular non-fungal projects such as CryptoPunks, Bored Ape Yacht Club, and Sorare.
The Etherscan NFT tracker shows, in particular, that Sorare has an average trading volume over seven days of 26,138 NFT, and Bonsai’s best seven-day transfer volume is 9,557.
Track a non-fungible token on Etherscan.io
The ability to track NFT also means transactions in popular NFT markets such as Nifty Gateway, Rarible, and OpenSea are more transparent as NFT tracking shows the market in which a trade was made, as well as the address of the recipient of the trade.
However, collectors using the NBA Top Shot will not be able to see the transactions of the NFT platform as this project uses the Flow blockchain.
Founded and launched in 2015, Etherscan specializes in providing real-time analytics to the Ethereum network, such as registering and updating the status of transactions and addresses on the network.
The company is adding NFT tracking to a list of other blockchain-based services, including Binance BSC Explorer, which is a blockchain for Binance’s smart chain, ETHProtect, a detection system used to determine if incoming funds are detected, and Blockscan. … “which is a study of an engine for decentralized website domains.
On May 21, Optimism, a provider of Ethereum Layer 2 scaling solutions, announced a partnership with Etherscan. Optimism has integrated Etherscan so that users can track deposits and withdrawals and see when Tier 2 transactions are pre-validated and when they are published and completed in groups on Tier 1 transactions.