With the skyrocketing popularity of NFTs, the number of NFT marketplaces grows as well. At this, it becomes difficult to monitor all the available options in order to find the best deal.
NFT aggregators represent the next stage of this market development. By combining multiple platforms in a single panel, they enable their users to browse and discover rare NFT assets and compare their prices.
Stop. Traditional NFT marketplaces do the same, don’t they?
Read this article to find out what makes NFT aggregators different from traditional NFT marketplaces, their pros, cons, and which of the popular options you may try straight away.
An NFT aggregator is a platform that combines multiple NFT marketplaces into a unified interface. In fact, these are the platforms that allow users to search for various NFTs, and compare their prices across different marketplaces in one place.
At this, NFT aggregator platforms make the process of purchasing NFTs more convenient.
With the help of advanced filters, users can easily find assets from specific NFT collections. They may sort NFT assets by rarity, price, rank, activity, etc.
Moreover, some of them enable searching for specific wallet addresses. This feature may be particularly interesting to those who want to hunt for popular NFTs and track their movements across the network.
Finally, NFT market aggregators feature bulk purchases. Thus, users may buy several assets within a single transaction which also contributes to their convenience.
Thanks to the full transparency provided by the blockchain, the characteristics of all non-fungible tokens that have ever been minted are publicly available.
NFT aggregators make use of this transparency to combine all available options in a single trading interface. At this, the process typically relies on the following principles:
Many NFT marketplaces feature APIs on their platforms for third-party integrations.
NFT aggregator marketplaces use these APIs to gain full information about all items that are available for sale on these platforms.
With the help of integrated APIs and the so-called web-scraping techniques, NFT aggregators collect data about NFTs.
After taht, they classify it with respect to the different characteristics of these tokens such as rarity, price, rank, etc.
Aggregators enable their users to buy NFTs in bulk. Users can add NFTs to their carts, just like in a regular online shop, and pay for them all with a single transaction.
In order to understand the differences between NFT aggregators and usual NFT marketplaces, check this comparison table below.
|NFT marketplaces enable their users to buy and sell NFTs.
|NFT aggregators give an opportunity to discover NFTs across various marketplaces.
|NFT marketplaces charge additional gas fees for transactions.
|NFT aggregators typically don’t charge any additional fees.
|NFT marketplaces strive to build communities of supporters around their brands. Thus, they may also offer additional social promotion to NFT listings.
|NFT aggregators feature some social perks, too. However, this is not their primary focus.
|NFT marketplaces have specific quality requirements for those who want to list tokens. This is one of the features that popular NFT marketplaces rely on to attract more users.
|NFT aggregators combine marketplaces of all levels under their hood. Thus, low-quality items should come as no surprise here.
|NFT marketplaces offer a limited number of NFTs as they rely on collection owners to list them.
|NFT aggregators offer a much broader set of options as they combine many marketplaces within a single interface.
|Some NFT marketplaces such as NiftyGateway require creators to pass the vetting processes to list their collections. This barrier helps to improve the quality of listed tokens.
|NFT aggregators usually rely on algorithms that pick up NFTs with respect to their popularity and other criteria.
NFT aggregator platforms have some serious drawbacks, and that’s true. Yet, they are still worth giving a try.
As the number of NFT marketplaces will only grow in time, so will the need for unified solutions to help users find the best option across a wide variety of choices.
Below, we have listed some of the most popular NFT aggregators along with their key characteristics.
So far, Blur has proved to be one of the most popular solutions in this area. In February 2023, it even managed to surpass another recognized market leader Opensea in trading volume.
It is also a recognized market leader among other NFT aggregators. According to the analytical platform Dune, Blur provides more than 90% of the total trading volume at the time of writing.
Based on Ethereum, Blur aggregates non-fungible tokens across the most popular marketplaces including OpenSea, X2Y2, and LooksRare. To bypass its competitors, Blur doesn’t charge any additional fees on the trades and boasts of really fast transactions.
The Uniswap team remastered the product having reduced fees and added a few other perks. At this, it offers a list of trending NFT collections but doesn’t provide any advanced search features.
The platform requires connecting your wallet to be able to buy or sell NFTs. One may search collections by their names or specific addresses. At the time of writing, Gem.xyz is integrated with OpenSea, Blur, and Rarible.
The added value of this platform is the whale buy notification feature. Users may track large market movements for free and thus spot a good moment to buy or sell their assets.
Rareboard is the NFT aggregator that focuses specifically on the BNB chain. It features NFTs represented on the largest BNB marketplaces such as PancakeSwap, BinanceNFT, and NFTKey.
In addition, the platform makes it possible to track collections that are minting in real-time. Those who look out for new offers should particularly appreciate this feature.
Despite all the benefits that NFT aggregators provide, their usage remains at a deficient level.
At the time of writing, only 4.4% of NFT buyers choose aggregators. The majority still prefers buying unique digital assets directly from specialized platforms like OpenSea.
Yet, NFT marketplaces became popular themselves comparatively recently. At the time of writing, a crypto analytical service CryptoWisser lists a little more than 50 NFT marketplaces in total.
As the industry grows, one may expect the usage of NFT aggregator platforms to grow as well.
When the popularity of some innovative tools grows, so does the diversity of solutions serving to facilitate the usage of these tools. This rule perfectly fits NFT trading.
NFTs became widely acknowledged only in 2021. Some large headlines about popular artists making a fortune with their help made a significant contribution.
NFT marketplaces started popping up like mushrooms soon after that.
As their number grows, the search for rare NFTs will become more and more complicated. At the same time, the demand for portfolio management tools will surely grow as well. NFT aggregators are so far the best solution to facilitate the lives of those who trade NFTs.
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Kate is a blockchain specialist, enthusiast, and adopter, who loves writing about complex technologies and explaining them in simple words. Kate features regularly for Liquid Loans, plus Cointelegraph, Nomics, Cryptopay, ByBit and more.
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