NFT Marketplace Aggregator - Definition, Benefits and How It works
4 minutes read

NFT exploded, became the focus, and now is no longer a strange term worldwide. Thousands of projects have recently entered the NFT market, so introducing an information centralization tool is obviously an undisputed consequence. Let’s read the article below to learn more about the NFT marketplace aggregator, including its advantages and some of the best platforms so far. 

1. What is NFT Marketplace Aggregator?

An aggregator can be a statistic, website, or piece of software that compiles facts or information from different sources and presents it to the user cleverly and practically. The NFT Marketplace aggregator is a standard statistical tool as well. 

NFT Marketplace Aggregators is a platform that aggregates basic information on NFTs from various markets. These aggregators make it simple for traders and investors to get data and trade NFT collections from many marketplaces without visiting those markets in person. 

These aggregators perform the function of an all-in-one aggregator by bringing together NFT information from many marketplaces and providing a comprehensive and in-depth picture. Investors can typically use NFT Marketplace Aggregator to compare NFT pricing, gas fees, royalties, and other crucial aspects to gain a complete market picture. They are making it easier for users to identify and stakeholders to buy and sell NFTs. 

Investors can save time by searching and filtering information without exploring several markets. Market aggregators can also make unified purchases so investors can buy NFTs from several sources in a single transaction, in addition to the advantages mentioned above. 

2. Benefits of NFT Marketplace Aggregators

NFT buyers and sellers can easily take advantage of the NFT marketplace aggregator. Here are some benefits of NFT Marketplace Aggregators:

  • Unified interface 

The NFT market aggregator provides data that is comprehensive and multidimensional. This application helps to assure consistency and seamlessness by displaying stocks from many NFT marketplaces in a single interface, eliminating the need for users to transfer between different markets when trading NFTs. 

  • Personalized recommendations 

The NFT Market aggregator is like a source that covers all the necessary data a user wants to find. You can find the data according to your needs as an NFT investor or a new user. 

This tool provides technical data presentation, including recommendations of content according to user search trends (personalization) and special NFT wallets, to create a unique user experience. 

Benefits of NFT Marketplace Aggregators
Benefits of NFT Marketplace Aggregators
  • Improved search efficiency 

The NFT Market aggregator functions as a one-stop shop for all the information a user needs. Whether an NFT investor or a first-time user, you can locate the data that suits your needs. 

This technology offers specific data display, including personalized content recommendations based on user search patterns and exclusive NFT wallets, to produce a distinctive user experience. 

  • Flexible Comparative Analysis 

NFT Marketplace Aggregators provides customers with accessible data analysis capabilities and presents the most comprehensive data. Users may easily compare coverage to differentiate various NFTs based on market volume, number of holders, etc. 

  • User-friendly experience 

The tool will be left in the market sooner or later, no matter how wonderful it is to overlook user-friendliness. A large selection of NFT and Defi products offer significant returns, but the common user often finds it difficult to learn and master complex trading across various platforms and protocols. 

In a nutshell, the NFT aggregator compiles NFT data in a single location, enabling consumers to enhance their NFT experience. Users would need to visit each NFT market, register, and become familiar with this to identify and investigate the NFT they want if there weren’t an aggregator. NFT Marketplace Aggregator will open the door to the world of NFT for everyone, whether you are a novice who wants to learn more about it or an expert who requires in-depth data to evaluate this market. 

  • Buy in groups 

If you wish to purchase numerous NFTs on most of the current NFT markets, you typically have to do so one at a time. Users can carry out multiple bulk transactions at once using NFT aggregators like Gem. 

3. How do NFT Marketplace Aggregators work?  

How do NFT Marketplace Aggregators work?
How do NFT Marketplace Aggregators work?

Typically, data at NFT market aggregators is split into categories based on relevancy and user preferences after being aggregated from various sources. The associated stages which are employed at NFT Marketplace Aggregators, include:  

  • Data Aggregation  

This process entails gathering a variety of NFT trading data from various markets. This collected data is the foundation of every market aggregator. 

To develop a single access point for the platform, aggregate data is collected in a single source or interface. This single-entry point allows for smooth data access when data is queried. 

  • Classification of data 

This procedure categorizes aggregate data using particular metrics or characteristics, such as rarity, time, price, rank, etc. This makes data analysis seamless for potential buyers or investors. 

  • Supply information to search engines 

The gathered information will be given to search engines on the platform when the aforementioned three processes have been implemented effectively so that users can simply trace them to their preferred NFTs. 

  • Bulk Buying 

The ability to purchase several NFTs from various markets in a single transaction is one of the key features of the NFT market aggregator. By purchasing in bulk, additional gas fees that would otherwise be incurred for each transaction involving the relevant NFTs are avoided. 

Consider the scenario where you wish to purchase 30 NFTs and pay 30 distinct transaction costs. However, using this bulk purchase feature will only require a single transaction cost for all NFTs. 

4.1. Uniswap (previously Genie)

Uniswap (previously known as Genie) is the first NFT market aggregator. It was developed and formally released in late 2011 under the name Genie. Earlier this year, Genie has already acquired by Uniswap Labs.

Uniswap's website
Uniswap’s website

Users can access a library of NFTs through the Uniswap aggregator, enabling investors to trade NFTs on most of these platforms. These marketplaces include OpenSea, Rarible, LookRare, and others. Among its other advantages, Uniswap allows users to purchase up to 60 NFTs from several markets in a single transaction, saving them up to 40% on gas fees. 

Additionally, you can sell your NFTs using Uniswap, which increases your visibility by listing your NFTs on OpenSea and LookRare. The platform supports the Coinbase, mobile, and MetaMask wallets. 

4.2. Gem 

Gem's website
Gem’s website

It’s easier to discuss an aggregator by bringing up Gem. An NFT marketplace aggregator that provides “A to Z access to the whole NFT market” is what they are currently developing. As a top NFT market aggregator, the company has existed since early 2022. Then it was acquired by OpenSea in April of that same year. With this aggregator, you can: 

  • Purchase several NFTs in one transaction. 
  • Sweep the collection floor 
  • Save a ton of gas fees by paying with any token (or several tokens) as opposed to making your purchase on the main Gem website. 

Gem’s primary features are a shopping cart, rarity, flash bot, and whale buy notifications. These capabilities keep Gem’s consumers up to date on the most popular NFT market movements without charging any fees, allowing them to benefit during critical periods. 

Gem is an Ethereum-based platform aggregating NFTs from well-known markets such as OpenSea, LookRare, Rarible, Sudoswap, Xmarket, X2Y2, NFTX, and others. It, like Genie, offers NFT minting and selling and lets users save up to 40% on gas fees. Wallets like MetaMask, WalletConnect, and Coinbase are supported on the platform. 

4.3. Rareboard 

Rareboard's website
Rareboard’s website

Rareboard is a Binance Smart Chain NFT market aggregator that collects some of the major markets on the BSC (old BSC) network. As the name implies, it provides real-time statistics on the rarity and costs of NFT collectibles, which are displayed on its rarity dashboard. Rareboard has integrated the BNB Chain network’s ten largest NFT marketplaces, including BinanceNFT, NFTKey, PancakeSwap, Galler.io, NFT Trade, and others. 

Besides, Rareboard also includes a rarity dashboard for NFT as well as price inventory for NFT across several markets. 

Rareboard allows users to mint and list their NFTs, and it supports MetaMask, WalletConnect, BitKeep, and Binance Chain wallets. 

4.4. Flip 

With more markets to be added, the platform aggregates data from OpenSea and LookRare. Users can arrange their NFT experience in the platform’s custom folder according to their preferences. This allows users to receive real-time notifications anytime their favorite wallets, collections, or post-NFTs are for sale. 

Flip.xyz's website
Flip.xyz’s website

You may sign up on the site with your wallet, Apple, Google, Twitter, or email. And it supports the MetaMask wallet, in addition to others (such as Ethereum or the ENS name) that can be added. 

5. Final Thoughts

Leveraging the power of the NFT marketplace aggregator, you can leap with your core market knowledge, trade better, and gain buying experience with high efficiency. Follow Synodus for more interesting blockchain-related topics.

And just in case you would like to build an NFT Marketplace Aggregator, contact us right.


More related posts from Synodus you shouldn’t skip:

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author avatar

Maya

I am a content planner & writer with more than 2 years of experience in Tech. Writing mostly about Data Analytics, AI, Digital Transformation and Blockchain, I consider myself an aspiring and passionate content writer/editor who enjoys learning new technologies and introducing them to others through easy-to-read texts!

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Data analytics is like solving a puzzle. Raw data is a clue...
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How Retail Analytics Can Help You Win Fraudsters

How Retail Analytics Can Help You Win Fraudsters 

Fraud has remained a big concern in the retail industry. The National...
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How You Can Use Data Analytics for Better Inventory Management

How You Can Use Data Analytics for Better Inventory Management  

Inventory is the most important section of a company, ranging from different...
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4 Significant Use Cases of Location Analytics in Retail

Retail Location Analytics | Definition & Use Cases 

Retail Location Analytics supports businesses with robust conditions to directly approach customers,...
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10 Most Reliable KPI Tracking Software Worth Your Consideration 

10 Most Reliable KPI Tracking Software Worth Your Consideration 

With proper KPIs, you can keep track of your campaign’s performance and...
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3 Tips on Selecting the Best E-commerce KPIs for Online Businesses 

3 Tips on Selecting the Best E-commerce KPIs for Online Businesses 

KPIs are always an essential part of any business strategy on the...
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2 Ways Internal Data Can Benefit Your E-commerce Business

2 Ways Internal Data Can Benefit Your E-commerce Business

Simply defined, data is helpful information that you accumulate to support organizational...
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8 Best Free Google Analytics Tutorials for Beginners and Experts

8 Best Free Google Analytics Tutorials for Beginners and Experts

Google Analytics is considered an indispensable tool to every website owner. It...
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3 Clever Tips to Scale Your E-commerce Businesses With Data

3 Clever Tips to Scale Your E-commerce Businesses With Data

In the cut-throat world of business, entrepreneurs must compete fiercely with each...
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10 Best Free WooCommerce Analytics Plugins for Your E-commerce Website  

10 Best Free WooCommerce Analytics Plugins for Your E-commerce Website  

WooCommerce is among the popular platforms that has been revolutionizing the digital...
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Sentiment Analysis and 2 Important Factors to Analyze Customer Feedback

Sentiment Analysis and 2 Important Factors to Analyze Customer Feedback

Satisfied customers are a constant source of happiness to businesses. Usually, every...
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Customer behavior analytics are transforming how retailer sell online

Behavior Analytics Are Transforming How Retailers Sell Online Introduction

Behavior analytics refers to the method of collecting and analyzing qualitative and...
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How Emotion Analytics is Applied in the E-Commerce Analytics to Increase Customer Engagement 

How Emotion Analytics is Applied in the E-Commerce Analytics to Increase Customer Engagement

Emotions are verbal and non-verbal communication cues that play an integral role...
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Retail Analytics Can Boost Your Merchandising Effectiveness

2 Ways Retail Analytics Can Boost Your Merchandising Effectiveness

Physical stores have been through a great transformation due to digitalization. The...
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ar in Retail Analytics

How Can Augmented Reality Be So Helpful in Retail Analytics

In the age of innovative technology, retail e-commerce presents a number of...
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retail analytics use cases

Retail Analytics Use Cases: Comprehensive Guide

Table of Contents[Open][Close]What is Retail Analytics?Effective Use Cases For Retail AnalyticsRetail Analytics...
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How to Boost Conversion Rates With The Use of Retail Analytics

The rapid growth of the retail industry comes with big data and...
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4 Effective Ways to Collect Customer Feedback for Analytics

Understanding the importance of customer feedback helps businesses have a full view...
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4 Ways to Use Speech Analytics for Better Customer Engagement

A significant challenge for any business is getting deep insights about customers...
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data science in retail

Data Science in Retail | Use Cases & Famous Projects

Data science employs specific methods, processes, algorithms, and systems to draw insights...
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secrets of online shopping behaviors

3 Big Secrets of Online Shopping Behaviors You Must Know

Customers have certain online shopping behaviors that businesses in the e-commerce industry...
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Customer Feedback Analysis

Detailed Customer Feedback Analysis Guide 2022

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