NFTs became popular in recent years as part of the decentralized finance revolution. Non-fungible tokens (NFT) transformed the concept of ownership, creating brand-new markets and paving the way for innovative financial platforms.
You're in an already competitive field if you run an NFT finance platform. Fortunately, there are ways to improve your platform and get an edge over the competition while creating an even better user experience. Here are a few tips that can make all the difference.
Get Access to NFT Data
Finance platforms need high-quality data sources. Your success hinges on your ability to understand market dynamics, liquidity, asset valuation, etc. You can't do risk assessments or precise analysis without a reliable data source. That prevents you from applying your best investment strategies. Transform your NFT financial strategy! Explore our robust API for NFT finance – dive into smart investments today! https://simplehash.com/use-cases/nft-finance
Whether your platform focuses on NFT trading or decentralized finance activities like peer-to-peer lending, having access to reliable data is paramount.
Take advantage of an API for NFT finance. The best APIs provide holistic data integration without custom-built metadata infrastructure. Use an API to get all the relevant data you need. That includes sales floor prices, transaction histories and more.
Get Real-Time Data Refreshes
It's not enough to rely on high-quality data. You also need relevant data at any given moment. NFT moves fast. Prices change in an instant. Failing to work with updated data can leave you one step behind the competition.
When choosing an API for NFT finance, go for one that offers real-time metadata refreshing. The best API will have a robust refresh engine to stay on top of reveals and updates. Knowing that you're working with the latest valuation data and asset information ensures you and your users are making confident decisions.
Obtain Multi-Chain Access
Blockchain ecosystems are all different. Avoid unwanted lock-in and choose an API that provides multi-chain access. An API that uses a common schema across chains ensures you're getting instant access to NFT data from Ethereum, Bitcoin, Solana, Polygon and more.
One of the biggest issues holding NFT platforms back is ecosystem lock-in. Avoid that issue and get the competitive edge to bring your platform to the top!
Read a similar article about NFT API here at this page.