PARSIQ Integrates OpenSea

Bringing NFTs Closer to Life

Look — we’re not going to bury the lead on this one! If you’ve made it this far, then you’ve already seen the headline and you’ve already seen the header image:

Today PARSIQ is very excited to announce our integration with OpenSea!

PARSIQ introduced Smart Triggers to the world of blockchain, allowing for real-time, on-chain events to trigger off-chain actions. This is why PARSIQ is often referred to as a “reverse oracle”: its technology allows developers to easily gather data, automate workflows, and create endless ways of allowing blockchain activity to trigger actions on real world applications. By integrating with OpenSea, PARSIQ brings its innovative technology to the realm of NFTs. Now, users can receive live notifications regarding a wide range of information about their favorite NFTs or NFT collections. This will make keeping up with important details — such as (among others) current sales, floor prices, newly minted NFTs — easier than ever. PARSIQ helps bring your NFTs, with all the important information they carry, closer to life!

OpenSea

OpenSea is the largest NFT marketplace of them all. All kinds of digital assets exist on its platform — not just digital images. There are also collectibles, in-game items, domain names, and even digital versions of real world assets. NFTs are unique, tradeable, and can be used across multiple platforms. OpenSea is essentially an online auction platform for NFTs. Their aim is to build tools that allow various kinds of users the ability to interact how they desire: customers can buy and trade their NFTs, creators can launch their products, and developers can build their own marketplaces for their collections of digital assets. A central part of OpenSea’s aim is to enliven the possibilities that are latent in open blockchain protocols (like Ethereum) via NFT use and exchange.

PARSIQ + OpenSea

With this integration, PARSIQ now allows users to create Smart Triggers to monitor both collections and selected NFTs. This means that users can now create individual, custom alerts based on activity relating to their favorite NFTs. Whether one wants to track individual NFTs or NFT collections, PARSIQ has made it possible to immediately track a host of interesting (and valuable!) information. All of the documentation and code for how to use our OpenSea API Wrapper is available now. Go and take a look to see what’s possible!

Some of the functionality available:

• individual sales price
• floor price
• one day to thirty day volume
• average price
• number of owners
• project traits
• wallet activity

Code examples:

Users can receive live notifications of any, and all, of this information in channels of their choice, such as Discord, Twitter, Google Sheets, and Telegram. Try out the OpenSea API Wrapper now!

Keeping track of your assets in a secure way is becoming more and more a necessity everyday. This need will only continue to increase as, for example, NFT use cases grow. And today, their uses seem limited only by the imagination. With this integration, PARSIQ only further confirms their place on the leading edge of blockchain innovation, providing a real time look at exactly what’s happening, when it’s happening, and where it’s happening on the blockchain. Commenting on the integration, Tom Tirman (PARSIQ CEO) noted:

“PARSIQ empowers our clients and users to utilise real-time blockchain activity to inform their decision making and actions. We’re pleased to expand this offering into the NFT space with this integration with the world’s largest NFT marketplace.

NFTs are growing exponentially as a critical first iteration of the Metaverse where items are tokensied and people begin experiencing an extended reality beyond the physical world — we’re pleased to support this journey.”

PARSIQ and the Future of NFTs

As you may well already know, PARSIQ has been dramatically expanding the reach of our ecosystem this year. This integration brings PARSIQ even further in the journey of creating a truly universal, blockchain agnostic, real-time monitoring service. However, the significance of our integration with OpenSea doesn’t end there. While it is true that this integration represents a further entrenchment of PARSIQ technology in the world of blockchain, the value it symbolizes will enrich the entire world of blockchain. For example, PARSIQ’s integration with OpenSea is a key step in establishing the groundwork for opening the doors for renting and lending NFTs in the Metaverse. And, thanks to PARSIQ’s IQ Protocol, such a possibility sits much closer than one might imagine!

More things are certain to come in the world of NFTs, especially as DeFi systems begin to make their mark on the territory. We are bound to see a proliferation of the types of things NFTs can do in the future — and PARSIQ will be there, providing the necessary infrastructure, the whole time. Together with IQ Protocol, PARSIQ has some truly innovative plans for how individuals will be able to interact with NFTs in the coming days. In fact, PARSIQ is completely reframing the way NFTs will be made available and be used. PARSIQ’s integration with OpenSea is an important step along the way. As we see it, it won’t always be necessary for individuals to spend exorbitant amounts on these assets. Instead, NFT owners and users can interact directly with one another, lending and renting their assets out for their unique use cases and for certain amounts of time. PARSIQ monitoring powers this possibility, by keeping track — in real time — of the expiry conditions on the agreement between parties. Coupled with IQ Protocol, the monitoring and renting of NFTs affords users a whole new world of possibilities and economies on the blockchain, benefiting all who participate.

Finally, it is always worth recalling just how early we — crypto holders, blockchain developers, and all the rest — are when it comes to blockchain technology. We are only sitting at the cusp of discovering the deep potential of NFTs. Obviously, all of this is a positive advancement for PARSIQ, and we are happy you are here to share in our excitement!

Want to try out Smart Triggers for yourself?

You can set up Smart Triggers and build your first monitoring solution with a free account on www.parsiq.net. Or head to our tutorial page at https://parsiq.zendesk.com/hc/en-us where you can contact us and a member of the team will be in touch to discuss the requirements and a solution.