Summary of Essential NFT Tools to Improve Your Decision-Making Process!

00:00:00 - 00:15:00

This video discusses essential tools that can help you make better decisions when trading NFTs. These tools include a dashboard to track volume and relevant trades, as well as a collection of data by floor price. The video concludes with advice on how to use these tools and stay safe in a high-risk industry.

• 00:00:00 The two most popular nft tools are NFT Nerd's NFT Score and Revealed Collection, which provide data on the number of trades and the supply and demand of nfts, respectively. The data can help you determine whether an nft is overvalued or undervalued and whether to buy or sell.
• 00:05:00 Essential NFT tools can help you make better decisions when trading NFTs, by telling you information such as the concentration of listings per price, trendlines, and how thin the floor is per item. This information is relevant to short and medium-term trading, while social data is more important for long-term trading.
• 00:10:00 The video discusses essential tools for decision-making, including a collection of unique NFTs called "PFPs." The video also discusses reach and social media engagement for different NFTs, as well as how to use risk.tools to determine an exit point for a purchase.
• 00:15:00 The author provides an overview of the market and how to use various NFT tools to make better decisions. These tools include a dashboard to track volume and relevant trades, as well as a collection of data by floor price. The video concludes with advice on how to use these tools and stay safe in a high-risk industry.