tl;dr: First it was digital assets, now it’s unique digital assets. The rise of the NFT aggregators
One of the best parts of crypto is the speed with which things get invented.
The concept of NFT (Non-fungible tokens) is not even 4 years old, but an entire industry has exploded around it with crypto luminaries such as Jake Brukhman, Jamie Burke, Chamath Palhapatiya, and others saying that NFTs are the “next big thing.”
Once you get into the world of NFTs, which are digital collectibles where each one is verifiably unique (see post on Top Shot), the market gets really fragmented.
There is digital art, pieces of land on Decentraland, basketball cards, games like Crypto Kitties, and much more.
NFTs can further be used as an asset and also can be made liquid.
There are many places where you can buy NFTs such as TopShot, but also Rarible, OpenSea, NiFTex, and more every day. You can also earn them via games.
The challenge becomes one of NFT portfolio management.
Keeping track of the NFTs across multiple wallets, knowing what they are worth, managing the value against your larger portfolio.
So, into the fray to solve this problem, like Zerion or Zapper do for crypto assets comes NFTBank, an aggregator of all of the NFTs in your wallet so you can manage them the same way you manage your other crypto assets.
It’s not the fastest site ever, nor is it the most intuitive, but it portends a future state where people can manage their unique digital assets in far more flexible and powerful ways than they can today.
There’s also social component to the site, which gives you the opportunity to peer into how others are managing their NFT portfolios, as well as a tax calculator.
If you’re going to use this site, be aware that it’s rocky, but if you do look at it, try to peel back the crappy UI and see the future.
That’s the exciting part of this story.
HT: Grant for sharing this site with me.