The Complete Guidebook to NFTBank Part 3 — Item Details Page
Welcome on board to the final stage of our guidebook to the NFTBank Desktop application! Last but not least is the Item Details Page, where you can find detailed analytics about an individual NFT by itself.
Following us correctly, you should’ve just finished navigating through the Collection Details Page. Moving on, it’s time to peer into individual NFTs by utilizing our Item Details Page. (Are you new to our guidebook? Read Part One: Discover Page and Part Two: Collection Details Page)
With the new update, you can look up NFTs using the NFTBank desktop app just like any other marketplace. To approach the Item Details Page, you can:
- look up any collection through the search bar,
- click the “Items” tab to have full access to all items in the collection,
- and type in the token number of the NFT you are looking for.
But sometimes you might want to make a quick buy or sell decision while shopping through OpenSea. Here’s a special tip: find any NFT of your interest on OpenSea and simply change the website domain to “nftbank.ai.” This will direct you to full-scale data analytics for that specific NFT in less than 3 seconds!
By now, you may be wondering what makes the NFTBank Item Details Page so special. How is it different from existing marketplaces and data analytics? Let’s take a closer look at the various features that make our Item Details Page the most helpful tool for analyzing individual NFTs.
Feature 1: NFT Valuation and Rarity Information
On the right-hand side, you can see different price information and rarity rank/score. See that now our Estimated Price is updated LIVE. The valuation for each NFT is calculated in real-time to reflect all the past transactions on time. If you want to know more about our estimated price model, check out this article.
You can find other price and rarity information on the page, such as:
- Collection Floor Price, the real-time lowest listing price of NFTs in the collection;
- Rarity Rank & Score, the rarity rank of an NFT within the collection and the score that reflects each rarity trait;
- and the Estimated Price Confidence Interval, which is the potential range of estimated price reflected in the form of (estimated price ± median error rate).
Based on the Estimated Price Confidence Interval, we also provide you with the Confidence Level. See how the box is colored green? This means that the median error rate is under 10%. Note that our confidence level is quite conservative, so a medium to high confidence level means it’s trustworthy enough.
Feature 2: Item History Data
While the first feature showed you the exact price at the point of accessing the NFT, this Item History Data shows the past trends of estimated price and collection floor price in a single graph. Look how the estimated price of the NFT changed over time, along with the fluctuation of the collection floor price. You can see how accurately our price estimates reflect the changing market situations.
Still not convinced with our valuation? Pay close attention to the blue spot on the right-hand side. The sales price (colored in blue) illustrates at which point in time the NFT was sold at which price. This clearly shows how close the actual sales price was to the estimated price at the point of purchase.
For instance, this NFT was last sold on September 26, 2022, at 6.5 ETH, with 92.1% accuracy relative to NFTBank’s estimated price. This is not only the case. In fact, NFTBank’s estimated price proves over 90% accuracy in over 8000+ collections!
Feature 3: List of Traits
At this point, you may be curious as to what influences the valuation of your NFT. Scroll down to find the Traits section, where you can see the rarity and the rarity score for each trait. You can also view floor price per trait, which represents the lowest price among all NFTs that share the same trait. Out of all floor prices, the highest price is highlighted in bold, signaling that it is the Trait Floor Price.
Feature 4: Compare Items
Finally, we’ve come to the best part of the NFTBank Item Details Page yet. Click on Compare Items to compare two different NFTs from the same collection side-by-side, down to the most specific detail. This is a new function only featured in NFTBank, which will help you understand how the valuation changes depending on the rarity and traits of an item.
When accessing a new tab, you choose either Default or Custom Options to choose an NFT to compare with. Let’s choose an NFT with a similar rank, for example.
These two Clone X NFTs have similar rarity ranks & scores, but their estimated price differ slightly by 0.25 ETH. How did this happen in the first place?
Scrolling down to see the list of traits, you can find that Clone X #5097 has a larger number of traits, which in turn influences the rarity rank and score. This difference is also reflected in the estimated price, resulting in a higher valuation.
You can play around with this new Compare Items features to find out which NFT trait might cause or not cause an NFT to be rare or not. This time, let’s use the Custom Option tool to choose a Clone X with the same trait, “eyeware: cyber_bindi”. Clone X #6313 has a much higher estimated price and rarity rank, and you can see that this is influenced by its rare “dna: angel” trait (8.745% vs 50.041%).
COMING SOON: NFTBank Chrome Extension
We’ve presented you so far the complete guidebook to the NFTBank desktop app. (Still haven’t read parts one and two?) Wrapping up, we brought you some great news to close with.
NFTBank is launching its own Chrome extension for NFT valuation.
Exciting news! This will become an all-in-one solution for both NFTBank and OpenSea users, to find new investment opportunities to compare the estimated price of individual NFTs directly on OpenSea. Be ready for it, it’s coming soon.
NFTBank loves to listen to your feedback. Try our brand new desktop app out and let us know if you like it, or if there are any suggestions for improvement! Tag @NFTBank_ai on Twitter and we’ll be there for you.
Join our socials
- Official website: https://nftbank.ai
- Twitter: https://twitter.com/NFTbank_ai
- Discord: discord.gg/8Rg63UnhYb
