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Following the June 1 release of its new non-fungible token transfer tool, Etherscan now allows users to “track most NFT activity on Ethereum.”
Etherscan, an Ethereum blockchain explorer and analytics platform, has added NFT monitoring to its transaction tracking tool set.
Etherscan said yesterday on Twitter that users would be able to “track most NFT activity on Ethereum,” which includes both ERC721 and ERC1155-based non-fungible tokens.
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Transaction Action now supports most NFT activity on Ethereum – including both ERC721 and ERC1155! pic.twitter.com/MAOQcIIU9Y
— Etherscan.io (@etherscan) June 1, 2021
The new tool will assist give more transparency on a substantial portion of the NFT market, and it may assist new investors determine the worth of an NFT by allowing them to check at its whole price history, transaction dates, and minting date.
Users of Etherscan may check into NFT minting, distribution, transfers, and burn events for popular non-fungible projects like CryptoPunks, Bored Ape Yacht Club, and Sorare under the “non-fungible tokens transfers” area.
Etherscan’s NFT tracker shows that Sorare in particular, has had a rolling seven-day average of 26,138 NFT transfers, with the next best seven-day transfer volume from Bonsai at 9,557.
The ability to track NFTs will also make transactions on prominent NFT markets like Nifty Gateway, Rarible, and OpenSea more visible, with NFT tracking displaying the marketplace where the trade was done as well as the recipient address of the deal.
Collectors utilising NBA Top Shot, on the other hand, will be unable to observe the platform’s NFT transactions due to the project’s usage of Flow Blockchain.
Etherscan was created and released in 2015 with the goal of delivering real-time Ethereum network statistics, such as recording and updating the status of transactions and addresses on the network.
NFT tracking joins the firm’s other blockchain-based services, which include “Binance BSC Explorer,” a block explorer for the Binance Smart Chain, “ETHProtect,” a detection system used to determine if incoming funds are contaminated, and “Blockscan,” a search engine for decentralised website names.
Optimism, a supplier of Ethereum layer-two scaling solutions, announced a cooperation with Etherscan on May 21. Optimism has incorporated Etherscan, allowing users to track deposits and withdrawals, as well as see when layer-two transactions have been pre-confirmed and when they have been uploaded and finished in batches on layer-one.