Two New NFT Analytic Tools For NFT Investors and NFT Project Creators | Episode 230

I know what you are thinking…  Brian how is an episode about 2 NFT tools still 20+ minutes long..   Now I know I joke about me struggling sometimes to keep things short but in this case its strategic as I don’t like to give tool recommendations or talk about tools without first providing context, examples of how I’m using them and my philosophy on why most tools turn people into TOOLS and it’s not the tools fault.

So sit back and enjoy this episode as I break down two “new NFT” tools that I’m using each and every day and don’t jump to those sites till you listen to the full episode and breakdown of how and why I’m using each.

As promised, in this episode I shared two of my favorite “new NFT” tools that I’m using each and every day. Both of these tools have been instrumental in helping me be more productive and efficient with my time. If you’re looking for a way to automate some of your tasks or just want an easier way to manage your online presence, then check out the links below. And don’t forget, there might just be a bonus third tool shared at the end! Thanks for listening.

ps..  No I’m not even listing the tools here in the show notes because I know most of you will cheat and not listen and just click the links…  If you need the links and miss them in the episode just dm me on twitter at: https://www.twitter.com/isocialfanz

As always: DO YOU OWN DAMN RESEARCH and we hope you enjoy coming on this Mint 365 journey as we buy an NFT every day for 365 days: https://nft365podcast.com/mint365

The 1st DAILY Podcast buying an NFT mint every day for a year! SuperPOWERED $ADHD Creator Coins on Rally.IO

The NFT365 Podcast is Hosted by digital futurist Brian Fanzo.

When you're thinking about trends, the sentiment of the industry, I still really rely on like the human side. - Brian Fanzo, Host, NFT 365 Podcast

Get a leg up on the competition with these new #NFT analytic tools! @iSocialFanz drops some insight on what’s working and what needs improvement

#NFT365 @NFT365Podcast

___________________

Episode 230 – Two New NFT Analytic Tools For NFT Investors and NFT Project Creators

#NFT365 @NFT365Podcast @iSocialFanz

EPISODE TRANSCRIPT

Kevin Sturmer 0:00
You’re listening to NFT 365. The first daily podcast on NFT is with your host Fanzo, talking crypto, blockchain, web 3, non-fungible tokens, metaverse, and

What the f*ck is a non-fungible token?

We’ll get to that. It’s time for today’s episode of NFT 365. The only daily NFT podcast minting an NF T every day for 365 days. Powered by the ADHD coin at rally.io. Here’s your host and digital futurist, the ADHD superpowered to Brian Fanzo.

This show is not financial advice. So, do your own damn research.

Brian Fanzo 0:44

What’s up friends, welcome back to another episode of NFT 365. And, for me, buying an NFT, every single day for a year has taught me lots of lessons, lessons in your understanding, or maybe maybe not under estimating the importance of research also, you know, kind of a lesson of you know, when you’re dealing in a market that is really based on speculation, and a lot of variables that are outside your control, there can be a lot of things at play. You know, one of the other things is, you know, I’m very analytical, I’m a data, my, you know, computer science being my kind of background. And I’ve always been someone that loves data and information even, even though I’m not like a website, person, I love using sem rush and optimizing our website, I use a lot of analytic tools for social media, you know, I post on Twitter, I don’t know, 15-20 times a day. And I also understand the difference between posting a photo versus posting an image, I also am very dialed in to when my audience is most active on a social platform versus when they’re least active so that I cannot kind of optimize a lot of those things. But I will tell you, when it comes to this NFT space, you know, one of the things that is interesting is that, you know, the data that we have at our disposal, for me feels very much like the vanity metric data that we had at our disposal – early Days social media, right, where maybe the only things we could, you know, base our, our, you know, someone’s influence on was maybe the number of followers they might have, right. And I think you know, it’s so interesting to me as like, the more your research that I’ve been doing, the more I’ve been diving in, I’ve used a couple different tools, a couple of different software, a couple different overlays. I’m a huge fan of Twitter lists, if you didn’t, if you didn’t listen to that episode a while back, I broke down twitter, and like really in depth on all of the ways I use Twitter. So if you’re new to Twitter, or you’re not figuring out Twitter, I’ll actually include in the show notes here, the blog post that I wrote, it’s it’s a long blog post, but I broke it down into sections on how I optimize and leverage Twitter, you know, for, you know, I have 100 and whatever, 40,000 130,000 followers on Twitter, it’s something I use every single day. And, you know, I’m very blessed that Twitter has optimized, you know, has driven a lot of my success, I can’t even tell you, you know, from a page view perspective, I mean, just to put it in perspective, you know, my profile, just that my Twitter profile itself, per month average is a quarter million views per month, my Twitter profile does. So you’ll notice that I optimize my Twitter bio, the link in my bio, the, you’ll even notice the you know, the way that I use my pin tweet, I often times you won’t see a pin tweet of mine, for longer than seven days, I really try to keep that fresh, because I know if someone’s coming to my page, that’s the thing on the top. And so with all that being said, you know, there’s there’s also I’ve always had also a hesitancy is that even a word? I’ve been hesitant to, in some cases, really talk about like individual tools or software. And it’s the same thing in social media space, right? Because, for me, a lot of it is, you know, its user, you know, it’s, you get out of it, what you put into it. And you also it’s about optimizing for what matters to you. And I think I said, you know, every time we talk about, you know, this NFT space, I always say we have to define our own success. And then we have to really map out the goals that we want to measure to determine that success. Well, I think mapping out those goals that are measurable, a lot of that comes down to you know what data and things that we are going to use kind of at our disposal, and I will tell you, I have no affiliation with any one of the of the tools here in the NFT’s because actually, if you know someone that that has access to one of these tools, I would love to beta test, I would love to help them shape their tools. You know, interestingly enough, I haven’t had any, you know, in my previous life, that was something, you know, I have, you know, even on my phone now, I think I have 11 apps and test flight, I’m big into testing and giving feedback. And for whatever reason, you know,

Brian Fanzo 5:24
I think mainly, because a lot of these tools are still like, just kind of in like, the rapid growth phase, and just trying to get out features and benefits that, you know, a lot of them haven’t been reaching out to, like, you know, influencers are people in the space. But I hope that changes, right, and I want to be on the forefront of that. I’m not looking, in most cases for a paid relationship. For me, it’s more about like, Hey, how can I help optimize your tool, then? How can I give out some, you know, your premium licenses or whatever that may be to my audience, right, so that we can, you know, ultimately, you know, grow the use of these tools. And any anyhow, that is kind of where I go with a lot of this tools and tech, but I will tell you, the the like, when you’re thinking about like trends, and you’re trying to understand the energy or the sediment of, of the industry, or of a project, I still really rely on like the human side of the house, right? Like, I love, you know, Twitter for you, I have a couple of Twitter lists, that are private Twitter lists, that are some people that like, if I see them, very, like, posting a lot about different projects or a certain project, then that actually is an indicator for me that, hey, it’s something that we need to pay attention to. But it’s also a little bit to do with, like, a lot of the tools are very high, like very in depth, right, I use dune analytics. I don’t talk a lot about it a lot here on the podcast, because I don’t think it’s user friendly enough for most people to use. And, like for me, the way that I’m using it is very, I don’t know, right? Where it turns out, like, I’m using it in a very, like trial and error type scenario like and a lot of reverse engineering, right. And for those that aren’t familiar with reverse engineering, is that I like to look at like a result of something, and then go back and try to figure out what was the what was the cause? What are the things that happened to determine said outcome? And when that’s the case, now I can learn from that, right? I’m a huge fan of reverse engineering, I think that’s where my computer science side kicks in. I’m also a big fan of analyzing other people’s strategies and successes. I you know, I monitor

Brian Fanzo 7:38
a lot of wallets. Not because I’m trying to, you know, steal their ideas, but I like to say like, Okay, what is their list strategy? Right? How do they list their NF T’s for sale? Do they, they list them for seven days? Do they list them for three days? Do I list them for three hours? You know, do they list, the same NFT’s? You know, always until they sell? Are they ones that, you know, if they think something’s rare, they’re gonna keep it at high? Or do they feel like they should just drop it to the bottom, all of these things are things that I like to look at a lot of these tools. But with that being said, there are two tools, that I’m pretty confident that everyone that listens to this podcast, if you want to get into collecting, or investing or even launching your own NFT collection, there’s two tools right now, in my opinion, that are leading the way as far as giving you high level data, giving you the ability to get a little bit more granular data, but also allow you to kind of customize what you’re using. And then I’ll say there’s two tools. And then there’s one that I’ll kind of, like, tease here at the end, as far as just kind of like something to kind of be aware of. And so the first tool you might have heard me mentioned a couple times on the podcast, you know, when we’re looking at like, not only rarity, but when you’re buying and selling or for me, one of the things that I like to look at is I like to look at, like what what are like the, what are the average sale prices of some NFT project? And then what are the current? Most recent transactions? Right? Like, what how many sales have happened in the last 24 hours? How many listings have happened in the last 24 hours, right? Because if I see a lot of listings and very few sales, well, it’s probably not a good time for me to list my NFT project, right? Or my NFT that I’m holding. But if I see a lot of sales, and you know, and then like, for me, this is why the floor price has never been like a focus of mine, because I want to look at like the average sale price. So like, I’ll pull up a collection, I’ll be like, Okay, I have one of these NFT’s. I believe mine is fairly, you know, let’s say it’s in the middle of the pack. I want to actually sell this, but I want to sell it, I get kind of an optimized time, what I look at and say okay, if the inventory starts to shrink, right, if there’s lots of sales, well now that there’s gonna be less inventory, which means mine should stand out more, and my price should actually kind of stand more on its own And so the there’s a couple two different like ways you can look at this right. And it’s funny with tools, because tools fall into like all kinds of different buckets. But this is what happened in social media as well. Right now, every tool wants to be everything for everyone. Like, literally, every NFT tool wants to be Salesforce. And that’s tough for me, I’m not a huge fan of putting all my eggs in one basket. Now I am a fan of Salesforce, I’ve been I’ve worked with them. For many years in the past, one of their executives, Vela Asfar, is a dear friend and mentor, and I’m very blessed to have him have as a friend in my life, I’ve been on their a regular on their video show that they host on Fridays, called disrupt TV. But so the tools kind of fall into different areas. And one of them, I’m going to give you it’s gonna be about more about like understanding the market and trends. The second, the first one I’m gonna give you, which I’ll give you right now is more about understanding, like what is the value of what you own, like as far as the NFT. And then also like, how to find good how to find rare, NFT’s at a low at like close to floor price, and right and so the first one is gem dot XYZ, so g m dot XYZ and I, they call themselves the best NFT aggregator for NFT collectors and empty flippers, whatever that may be. Now, I like to I like an empty aggregator, that’s actually a pretty cool thing. The thing I really like about what GEM has done is it pulls in the listings from all of the marketplaces. So if you if you’re if a collection is listed on on Lux, rare or on X, Y, or on open sea, you can see all of them in one. In one view, rather than, you know, if you go to open sea, you’re only looking at what’s listed on open sea, not what’s listed total for sale across all of the different marketplaces. The other thing that I I really liked that they they’ve done with gym dot XYZ, is that you know, they have a really, I mean, it’s a really smooth interface and on the right hand side, so if you click on if you went to gym XYZ, and you click on your favorite collection, right, whatever it may be, on the right hand side, they have an activity tab, it kind of slides open, in that activity tab, I can sort by 30 days, seven days, 48 hours, 24 hours. And I can say it can show me the volume, price and sales, it can tell me the depth of the floor, right. So it’s going to tell me how many different NF T’s are listed at each different level. But then it’s also going to give me a real time update of what’s listed, what is sold, on which marketplace it’s being sold on, which I think is great. And then also I can actually add it directly to a cart and buy it from this interface. So I really like this jam at DOT XYZ, I’ve been using it now probably two months, it is free. I wouldn’t be surprised if all of these tools don’t roll out and then hefty premium version, like icy tools is done. A lot of the tools that that I used early on are now much more of that freemium model, where they give you a couple of settings for free. And then you have to pay for everything else right

Brian Fanzo 13:20
now, gym dot XYZ is free for all of the features. There, you know that which is a really nice benefit. You can also you know, look at like what items you have for sale, you can also send and do transfers directly inside of gym, I will say I use their sweeper tool once just to test it out. So they have a sweeper tool that says, you know, I have this much eath buy this many from this collection as much as you can with that much eath it actually worked really well I actually did optimize a sweep that I did on one of the collections. So you know, that’s another nice little benefit. But the thing I want you to think about too, when you’re looking at any of these tools, is that you know, like if everyone has the same data, which is not the case, but if you think about like this, the way that I like to look at tools is like, if I know that, you know like me talking about gym dot XYZ right now, I know a lot of you are gonna start using that tool. So like, what’s good about that is if I know everyone is looking at the same thing, well, now I can I can start to leverage the data that is available, right we’ve in the in like the degen space, the the old school, let’s say three months ago, if your project made it to the top 10 on icy tools in like the one hour setting, you could pretty much sell out your collection because as soon as it would make the top 10 people would see it they’d be like, oh my goodness, it’s trending and they would jump in they would mint the project. Well, the problem is with free minutes and with people manipulating that data, right like yes, manipulating that data like we’ve actually seen this, where some collections will transfer between wallets and be willing to pay the transfer fee and even the creator fee, just so they spike the volume and the volume so that now all of a sudden it’s on the top 10 of IC tools. Well, because of that’s been happening, I can tell you I no longer look at IC tools trends as a benchmark for a collection being valued, I just I just kind of throw that out now because it’s been manipulated. And because people once people knew that was kind of like the thing, it kind of moved away. And so with that being said, like, I would definitely check out gem dot XYZ, like I like to look at it as well, like, say, like, if there’s a new collection out, what I will do is I’ll actually say, Okay, what is the most I want to pay for that collection, I’ll put that into the filter. And then I’ll actually say sort by rarity. And I’ll just leave it up on one of the screens here on my, in my, in my office. And if all of a sudden I see something changes off the corner of my eye, I’ll be like, oh, one that is listed under what I want to pay for it, but is maybe like in the top 500 rarities has just been listed, I can buy it right away. So I do a lot of like sniping by really just having gem up at my disposal. So gem dot XYZ, definitely check it out. I’m a fan of it. You don’t even have to connect your wallet if you don’t want to. I do have my wallet connected to their site, I haven’t had any issues with that. I like the idea that I can click on like the details. And this is something else that it does really nice is it actually gives you their rarity ranking. But it also gives you traits snipers rarity ranking if you’re looking for the rarity of a certain NFT collection. So definitely check that out. i The second tool, I’m only gonna give you two on this episode because I you know, I don’t want people to be overwhelmed. Plus, there are a lot of tools really, it can be up to you. But the second one is one that I found more recently, about two weeks ago. And at first I was like, Ah, I’m not sold. And then slowly I became the tool that I am logging into. First thing in the morning is NF T go.io and ft go.io. And the reason I really liked this tool is it has lots of different ways to filter the data. But one of my favorite ones is the market overview. So if you’re on the analytics homepage, you can actually look at the market overview. And you can look at market cap and market volume and the number of holders and traders that are currently active in the market. And why is that important? Well, like right now I think I have it defaulted to seven days. But I like to look like in the last 24 hours, what is the market cap trend as a whole for the NFT space, right. And

Brian Fanzo 17:41
if that market cap is going down, more than likely, it’s not a spot where I’m going to actually sell right? My NFT is like it’s like, okay, it’s not worth selling mine, right? If it’s kind of for me if it’s kind of like lukewarm, or if it’s starting to trend up now. Okay, now I started to see that, you know, more people are getting active and as far as some of the trades. The other thing I really like within this project is it allows you to sort by like top collections, which was what open sea has, but it also tells you like newly added top mints, and then top sales and an even let you filter and look at some of the whales, like the the trades and things that are happening from what they consider whale wallets, or whales in this space. And, and what I find interesting on that is like, I don’t really want to follow whales across all projects, but projects that I have a lot of in my collection are ones that I care about a lot. This is one that I like to, you know, kind of just keep an eye on as far as like, you know what is out there. And you know, and even, you know, they have a pretty cool little feature that I’m excited to see when they roll it out. I saw I did see a couple screenshots of it in the one Discord is they also have like a price estimator. They have a leaderboard that you can actually see some of the, you know, the like the largest profit you know, gains per wallet, remember, because the the blockchain doesn’t lie. And then I’ll say the other thing that, you know, like you have to be very careful on a lot of these projects. These tools now have like a calendar or a drops tab. I haven’t found them very reliable. A lot of times the projects that are listed under drops or calendar seem to be paid a play promotion, or just like the very heavy vanity type NFT projects, but it doesn’t hurt to kind of take a little assessment of what some of the projects are that are being listed. But here’s the thing I like about this. Inside of NFT go you can look at different like the mint price, the total volume of collections for sale. So if you’re if you have a project that you’re planning on launching, I would start monitoring and seeing okay, what is the average NF t

Brian Fanzo 19:50
you know, mid price for collections that are under 5000 pieces or under 10,000 pieces or 1000 pieces or ones that have a certain number of followers on social and I do like that on there on the NFT go marketplace site. They actually allow they include the social links for the different projects. Now remember, not only should we do our own research, but be very careful on links that you’re clicking, I’m okay clicking links, as long as it’s not sending me somewhere where I’m connecting my wallet. So if I see like I just opened it up right now, I see that this project, bossy baddies. They have a link to their Twitter, I have no problem clicking on that Twitter link. It happened to open the Bossy baddies Twitter accounts, I do see that there are minting right now they actually are ones that we are we’re looking at for today, which is why I clicked on them. And I love their, you know, female funded founded their, you know, a project that’s minting on June 28, which is also great to be able to see that you like that analytics is nice. So I like the market overview here on NFT. Go. I also like, you know, just from a standpoint of, you know, you know, those that are, you know, have their own discord. They also have a discord bot, right, and their discord bot, from everything that I’ve been experiencing, I’ve been testing it. I haven’t I haven’t pushed it live into our Discord at the moment, but I’ve been testing it on one of our test discords. And I do like the you know, the kind of information that it allows you to kind of put out you can set up some alerts, you can set up some notifications for trends and feeds, very similar to what icy tools did, but I feel like they they’re using the bot a little bit more optimized than what I feel like really icy tools was using web hooks, where this is using more discord commands. So I do like the fact that they have that. I also love that, hey, that you when you connect your wallet, this is a pretty cool feature that I’ll kind of I’m sure most of you will like is that it also gives you an estimate of how much your total wallet is worth, what the holding value is, what your buy and sell volume has been over the last 72 hours, 24 hours, I really liked getting some of this data I previously was using like coin tracker.io and other a couple other like NFT wallet aggregator like a wallet analyzers. But I actually found that NF t go there, what what they would consider here, what do they call it, they call it their just the my NF T’s but they call it like statistics. So under your profile, if you connect your wallet, you can actually compare and see, you know, some of the things that you have going on or what, you know, what collections are are ones that are worth kind of, you know, that you have in your bag, or what’s the, what’s your gains versus losses, and, you know, I just connected one of my other wallets to it just now. And like so I can actually see like, my Hold Value on goblin town, I can I can actually look at it. I mean, I can see the profit loss, I can see the by volume, I like what my my buy volume or what my sale volume is on on projects. And also, it’ll it’ll actually also give you a little analytics on, you know how the projects are trending, right? So it’ll tell you like, Hey, you bought it at this price. And you sold it, you if you sold it now it’s at this price, like, here’s like that risk versus reward, or here’s the last time you did analytics there. So some great data there. So the two these two tools are Jama dot XYZ and NF t go.io. Those are the two tools that I really just I like to kind of play around with I like to see, you know, what is out there? What is popular. And then I told you it is at the beginning there. There’s another tool that I’ve been, you know, really playing around with just to better get an understanding of like, you know, what is the how many people on Twitter are using that a certain NF t as their profile photo. And so this, this tool is actually it’s a plugin, and it’s called NFT inspect. And what’s neat about it is you can actually inspect, and it’ll actually measure who is using which NFT as their profile photo, and who has the most influence, right. So if I want to get on the radar, or I want to find out more about a certain project, I will often click on NFT, inspect, find out who is their top 10 holder list, and then go follow them on Twitter and see what they’re posting, see what they’re what they’re talking about the project, maybe they’re sharing some alpha that you aren’t getting anywhere else. So that’s kind of the last one I’ll throw out there. That one’s a little bit more, you know, it’s, you know, it doesn’t tell you all the data, because just because people aren’t using an NFT as their profile photo doesn’t mean they don’t love the project. Also, just to clarify, you know, I changed my NFT profile photo at pretty much every single day, multiple times a day. So that doesn’t really give anybody a really good sense because for me like my name doesn’t really come up. I don’t care My profile photo the same long enough. But hey, that’s part of of the, you know the scenario here in the game. So hopefully you found this valuable. Like I said, you know, there’s tons of great tools that are out there. You’ll feel free to tweet me and let me know some of your favorite NF T tools like what are your favorite tools right now that you’re using? Or if you’re using maybe doing analytics, what’s the dashboards that are your favorite dashboards? You know, as always, you can hit us up on our social channels, we are on every social channel and ft 365 podcast is our username on all of the social channels, or you can hit me up individually it is I social fans with a Z or Zed there at the end, I’m on every social channel, I am extremely active on LinkedIn. I post on LinkedIn just about every single day I have for about seven years now. Of course, Twitter, Instagram, all the other channels as well. Tik Tok, we’ve been posting a little bit more content on tick tock. And then lastly, I’ll just put us out there as well as just also be aware of like,

Brian Fanzo 26:02
don’t, don’t be so dependent on the data that you have at your current disposal. And what I mean by that is, sometimes we can get stuck in like the like the really like a filtered or a clouded view of what is really happening. It’s actually why I often will open up a new tab and I will browse Twitter under a different Twitter account than that no one really has that I don’t follow any accounts off of it. But it gives me like an unfiltered views like when I click on Like hashtag NF T community, I want to see that not from like, what, you know, Twitter is filtering for me. But what is like the public view of that. And it’s also why a lot of times for me, I like to, I’ll have three tools up in front of me. And I’ll just compare the data of the three tools and say, okay, because like there’s some other great tools that are great for rarity, right. So like you have Rarity Sniper you have Trade Sniper, you have Rarity.tools, lots of great tools that are out there for you to manage rarity, but all of them kind of seem to measure a little bit differently, right, some of them factor in certain things that others don’t. And so I think it’s more important to do a comparison. And then somewhere in the middle is probably the right amount of data or the right amount of information. So hope you found this valuable. As always, please subscribe to the podcast. Share it if you don’t mind. You know, we get this a lot like how can we help the podcasts or Brian How can we thank you for all this free content you’ve been giving? Well, the way you can do that is you can subscribe and you can share out the podcast on your social channels. Tell your friends, your family, let other people know like why you love the podcast. And if you haven’t left a review yet on Apple or iTunes. We will always appreciate a review over there as well. So until tomorrow, my friends, make it a great day. Cheers.

Kevin Sturmer 27:52
This show is not financial advice, so do your own damn research.

 

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