Are NFT Aggregators the Next Big Thing in Web3? An Overview!
As 2022 draws its curtains, the year has been more of a sweet and sour candy for the NFT world as the market fluctuated and new use cases arose parallelly. The NFT aggregator platform is one such use case that gained prominence in the second half of the year, with momentum gradually increasing toward the year-end.
It all started with OpenSea’s acquisition of Gem and Uniswap’s acquisition of Genie, with both aggregators already having considerable attention in the community. However, these acts from top players in the Web3 space elevated the business model’s stature and led to the birth of a counterpart of DeFi aggregator applications.
Other aggregators, such as Blur, CoralCube, Orion, and Rarible (yes, the marketplace has its own aggregation platform), went on to gain their shares in a market that was constantly fluctuating. The promise, however, exists as the new year is predicted to be an icebreaker for the model, with trade levels increasing day by day.
What makes these applications unique is their ability to display NFT collection prices across various marketplaces, with the capability for users to purchase multiple NFTs through a single transaction at lower gas costs. Such advantages power the aggregation model toward becoming a Web3 mainstay.
Suppose you’re looking for a similar NFT aggregator application. In that case, it is best to work with an established provider of such platforms, as the model is relatively new, and unprecedented upgrades are commonly required as its stature grows.
That being said, the NFT aggregation model could have a blockbuster 2023 as the NFT market shifts from the speculation phase to the utility phase, where NFTs with real-world benefits could make it big in the virtual space.
