NFT Tools: The Mint

Non Fungible Tokens, NFTs, have become very popular despite the Crypto Winter. For many this is just the tip of the iceberg, NFTs have brought to light a new breed of investor and a new type of investment, The “Digital Investor”and the “Digital Investment.” For those that were not afraid to take the plunge early, hundreds of thousands of dollars worth of winning opportunities were available within the NFT markets. As more attention is being focused on the NFT space, developers that have a historical knowledge of how empires grow, have created tools to give the digital investor an advantage when trading NFTs. Dynasties like the De Beers and Rockefellers, acquired their wealth by selling the picks and shovels, they did not get rich digging the holes. The NFT space is a little different because those digging the holes as well as those selling the shovels have a chance for gainful opportunities.

After an NFT drop, what needs to be monitored to give the new breed of investor an edge is; what’s going on with the mint. Minting is the process of finalizing a transaction for an NFT sale. The transaction data is formally placed into its corresponding blockchain. If the minting activity after a new NFT drop is very active, that particular project may need to be researched for trading or minting possibilities. If a highly publicized drop doesn’t have a substantial amount of minting activity. Despite all of the hype and hoopla that project may not have immediate trading potential.

A tool has been created to monitor minting activity, it’s called a minting scanner. There are varying degrees of efficiency for each brand of NFT mint scanners. Key points about the usefulness of minting data will be discussed. One of the more popular mint scanners available is moby.gg. Moby monitors all contracts being minted on Ethereum. Ethereum is still the dominant blockchain for NFTs, so having access to that information can be quite useful. Moby provides real time data; the free version gives you data that has transpired in the last hour. Moby also gives you data from the last minute for a cost of ETH 0.1 ($168.126 at the time of this writing) for 6 months. Moby provides rankings in real time, you can access data and research NFTs that have a high ranking for potential trades. One of Moby’s drawbacks is, although an NFT minting ranking may be high it could also be a white listed project. Therefore be careful to perform due diligence before entering into any trading strategy or activity. Moby allows you to set up alerts and notifications for popular new mints. If you’ve discovered a wallet with a high level of success trading NFTs or minting NFTs the app allows you to directly monitor the activity of that particular wallet.

Whatsminting.live provides similar information as moby but it’s free for now and an excellent source of info for the novice digital investor. Whatsminting also gives you data across a variety of platforms, not just Ethereum. These features along with its no cost access make this a top tool for the digital investor.

We’ve talked about blockchain analysis tools. We’ve introduced tools to take you from the conceptualization of an NFT, twitter followers. We’ve shared tools that give you access to drop information for new NFTs coming to market. And today we have brought to light the NFT minting scanner. We will continue to find and provide to you more tools that can give the new breed of investor, the “Digital Trader,”an advantage over the general public. Digital investing will advance and the tools to interact with this type of investment will be refined. Our team at Finwars is dedicated to bringing you pertinent information to assist you in your research and trading within the NFT space.

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