Ethereum blockchain explorer and analytics platform Etherscan has enabled NFT tracking as part of its transaction tracking tool kit.
In a Twitter post yesterday, Etherscan revealed that users will now be able to “track most NFT activity on Ethereum,” including ERC721 and ERC1155-based non-fungible tokens.
did you know?
Transaction Action now supports most NFT activities on Ethereum – including both ERC721 and ERC1155! pic.twitter.com/MAOQcIIU9Y
— Etherscan.io (@etherscan) 1 June 2021
The new feature will help provide greater transparency over a significant percentage of the NFT market, and may help new investors explore the value of NFTs as they can now view its complete price history, transaction dates and mining dates.
Etherscan users can access the section “Fungible token transfers” Eye Set up NFT mining, distribution, transfer and burn events of popular non-fungible projects like Cryptopunks, Bored Ape Yacht Club and Sorare.
etherscan nft tracker shows Sorare in particular has a seven-day rolling average of 26,138 NFT transfers, with the next best seven-day transfer volume from Bonsai being 9,557.
The ability to track NFTs will also mean transactions on the popular NFT Marketplaces like Nifty Gateway, Rarible, and OpenSea are more transparent, with NFT tracking showing the market where the trade was made, as well as the recipient address of the trade.
Etherscan was created and launched in 2015, and focuses on real-time Ethereum network analytics such as recording and updating the status of transactions and addresses on the network.
The firm adds NFT tracking to a list of other blockchain-based services, including “Binance BSC Explorer”, which is a block explorer. Binance Smart Chain, “ETHProtect” – which is an identification system used to identify whether incoming funds are tainted – and “BlockScan” which is a search engine for decentralized website domains.
On May 21, Ethereum layer-two scaling solutions provider Optimism announces partnership with Etherscan. Optimism has integrated Etherscan so that users can monitor deposits, withdrawals and see when layer-two transactions have been pre-confirmed and when they have been posted and finalized in batches on layer-one.