Dive into the most beautiful part of our App: the NFT gallery. Accessible from our dashboard under the NFTs tab, it boasts:
A search bar for pinpointing specific NFT collections or individual NFTs.
Sorting options for NFT collections or individual pieces (by highest to lowest value, floor price, or alphabetically).
A feature to favourite and filter specific NFT collections or individual items.
Explore both the Collection View and the Individual NFT View.
Collection View
The collection view provides a comprehensive list of all NFT collections. Simply click on it to expand and reveal the included NFTs in a flashcard view. Then, click on an individual NFT to flip it around and access additional information.
Add this collection to your favourites
Displays the floor price (currently for EVM-based chains)
Your collection's value in both crypto and fiat
See all associated transactions or opt to hide an entire collection (useful for filtering out scam assets)
Enlarge the display of this NFT
Share the NFT with your friends
Add this specific NFT to your favourites
Navigate directly to the specific integration in Blockpit
Access links to top NFT marketplaces
NFT Gallery / Individual NFT View
Use the toggle to switch from the Collection to the Individual NFT View and to see all your NFTs side by side:
Every NFT is displayed in a flashcard view, featuring its floor price if available. Clicking on the NFT flips it around, revealing additional information, as explained earlier.
What's a NFT floor price, and how do we calculate it?
A floor price for an NFT represents the lowest price at which an NFT from a specific collection is currently available for purchase. It serves as a reference point for determining the minimum cost of entry into that particular NFT project.
To calculate the floor price, we employ our proprietary Blockpit algorithm, similar to Chainlink's, which meticulously analyses all OpenSea trades while excluding wash trades. This calculation relies on a combination of techniques such as marketplace aggregation, historical averages, outlier identification, and wash trade filters. Essentially, as long as there have been enough transactions (trades) on OpenSea, it is therefore possible to calculate a price for your NFT.
The average floor price calculated by Blockpit differs from the floor prices displayed on OpenSea and other platforms. The reason for this is that the price is not based on current offers, but on actual trades within the collection. This allows the price to be displayed more realistically.
If there are significant price discrepancies for your collection, this is because the collection is no longer being traded continuously and therefore the necessary price/data points are missing to smooth out the current price. The best way to stabilize the price again is through active new trades of individual NFTs in the collection.
However, such short-term fluctuations usually normalize again within a short period of time.