NFT Marketplace Aggregators and Their Benefits - Study24x7
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NFT Marketplace Aggregators and Their Benefits

Updated on 13 March 2023
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jhongamly
19 min read 10 views
Updated on 13 March 2023

NFTs, have been gaining popularity in recent years as a new way to trade unique digital assets. However, buying NFTs can sometimes be a cumbersome process, especially when they are available on multiple marketplaces. This is where NFT marketplace aggregators come in. These platforms provide users with a single interface to trade NFTs from multiple marketplaces, making it easier to compare prices and make bulk purchases. In this article, we'll explore the benefits of using NFT marketplace aggregators and introduce you to three popular options.


What is an NFT marketplace aggregator?


An NFT marketplace aggregator is a platform that combines inventories from multiple NFT marketplaces into one unified interface. This allows users to easily trade NFT collections from different marketplaces without having to visit each one separately. NFT aggregators display stocks from multiple marketplaces within a single interface, allowing users to avoid switching between marketplaces when trading NFTs. Additionally, these platforms offer features such as search algorithms, sorting, and personalized recommendations, making it easier for users to find the NFTs they're looking for.


Benefits of using NFT marketplace aggregators


There are several benefits to using NFT marketplace aggregators, both for buyers and sellers. Let's take a closer look at some of them.


One unified interface for all

The biggest benefit of NFT marketplace aggregators is that they bring together different NFT marketplaces into one single platform. This allows users to avoid the hassle of switching between marketplaces to find the NFTs they want. With an NFT aggregator, all of the inventory is in one place, making it more convenient and user-friendly.


Bulk or group purchases

Another significant benefit of using NFT aggregators is that users can make bulk transactions simultaneously. In traditional NFT marketplaces, you would have to purchase each NFT individually, which can be time-consuming and inconvenient. With an NFT aggregator, you can add multiple NFTs to your cart and check out all at once.


Improves search efficiency

NFT marketplace aggregators have advanced search algorithms and sorting options that allow users to search for any NFT they need using metadata and even natural language. This improves search efficiency and makes it easier for users to find the NFTs they want.


Personalized recommendations

NFT marketplace aggregators provide personalized recommendations based on a user's browsing history and previous purchases. This allows users to discover new NFTs that they may have otherwise missed. Whether you are an NFT investor or a new user, an NFT aggregator can help you find the data you need.



Top 3 NFT marketplace aggregators


Now that we've covered the benefits of using an NFT marketplace aggregator, let's take a look at the top 3 NFT marketplace aggregators currently on the market:


Genie.xyz

Genie.xyz was the very first NFT marketplace aggregator to be created. It provides users with a library of NFTs available on several NFT marketplaces and allows them to trade NFTs on most of these marketplaces. Genie covers NFT marketplaces such as Opensea, LooksRare, NFTX, NFT20, and X2Y2. Among its other features, Genie.xyz allows you to save up to 40% on gas fees.


Gem.xyz

Gem.xyz is another popular NFT marketplace aggregator that offers a range of features to its users. These include a shopping cart, rarity tracking, flash bot, and whale purchase notification. These features keep Gem's users up to date on the most popular NFT market trends without being charged any fees, allowing them to have the opportunity to make profits during critical periods. Gem.xyz covers five popular NFT marketplaces, including Opensea, LooksRare, NFTX, and X2Y2. Plus, like Genie.xyz, Gem.xyz helps you save up to 40% on gas fees.


Rareboard

Rareboard is an NFT marketplace aggregator on the BNB Chain (formerly BSC). As the name suggests, it allows you to get up-to-the-second data on the rarity and price of NFT collections listed on its rarity dashboard. Rareboard has integrated 10 of the largest NFT marketplaces on the BNB Chain network, including BinanceNFT, NFTKey, PancakeSwap, Galler.io, and NFT Trade.


Conclusion


NFT marketplace aggregators are the future of the NFT space. They provide a more efficient shopping experience by bringing together different NFT marketplaces into one platform, making it easier for users to find and purchase the NFTs they want. With the benefits of bulk purchasing, improved search efficiency, and personalized recommendations, NFT aggregators such as Genie.xyz, Gem.xyz, and Rareboard are changing the way users buy and sell NFTs.


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