Spotlight on NFT App: ArtCentral.io for NFT Collectors
Using and understanding data is a key tool in any collector’s toolbox. Being a collector in the NFT space is no exception. Whether you are trying to build a collection of specific artists, pieces that catch your eye or appeal to your taste or picking a collecting theme and sticking with it, good market data matters. Everyone has constraints, with budget and time often being the biggest. Enter ArtCentral.io. NFT Culture staff has been using this tool for a while, and their newest updates are a homerun. We decided to share the tool out with our readers.
ArtCentral.io bills itself as a “Data Analytics hub for NFT Collectors”. The app is highly focused on providing insights into the data, along with the data itself. Where a seasoned collector might have a strong internal compass guiding them on prices and good deals, newer participants are simply overwhelmed. This is where the insights feature can really shine, providing a guiding hand when searching for new pieces to acquire.
ArtCentral has 3 main feature areas: Collectors Leaderboard, Marketplace Explorer and Drop Calendar.
Collectors Leaderboard
The collectors leaderboard has two interesting components. Firstly, it shows the largest whales in the ArtCentral.io database, based on dollar value of portfolio. At the time of this writing, that honor goes to AnimalScraps, Devo and Pablo. The second piece is a leaderboard, which shows where individual normal collectors rank. The list is pretty interesting, as some collections will relatively low numbers (Mike V as an example with 10 NFTs) rank high, where as other collections (such as Sugar2 with 112 NFTs) rank unexpectedly lower. Our guess is that collectors who have been involved with NiftyGateway for longer are likely to trickle higher on the list.
One other neat little perk about the list, is that the leaderboard collects the social media links provided on each user’s profile and compiles it into one place for easy access. It does appear that only one of the links provided are copied over, we would love to see all of the links copied over.
One additional request we would have for the ArtCentral team would be to allow users to browse the list more freely. The data is publicly available, after all. We do understand that this might open the site up to its own scraping dilemma, where competitors scrape their portfolio value calculations to save the trouble of computing it on their own. However, we are sure there are workarounds to this risk.
Marketplace Explorer
The marketplace explorer is the meat and potatoes of ArtCentral.io. We have seen this sort of data view before but two major features help ArtCentral to stand out. The first is the clear definition of useful numbers for a collector. An example of this is the “Market Price” and “Fair Price”. The “Market Price” is synonymous with the “Floor” commonly used by NFT collectors. The “Fair Price” is a calculated value that ArtCentral claims to be an ideal price to attempt a purchase at. We still need some more time to digest the practical numbers presented, but we appreciate the attempt at providing some realistic clarity to pricing of a non-liquid asset.
The second useful indicator provided that is unique to ArtCentral is the speedometer widget. This widget shows a visual relationship of the two values presented above, as well as commentary on how dynamic the market currently is for the piece. As an example, in the image above, Politics is Bullshit shows a Market Price of $110,000 and a computed Fair Price of $108,382. In ArtCentral’s estimation, the market is pricing this piece “About right”, as the two prices are well correlated. Expect to see the speedometer behaving erractically when looking at low liquidity pieces, such as 1/1s, or low edition pieces where the pieces have never been traded.
Lastly, we can’t review the Marketplace Explorer without pointing out its capability to also browse pieces from Hic et Nunc. As we’ve stated in many other places on NFT Culture, H=N is a great marketplace, especially for collectors new to NFTs, as both the pretense and the pricing is very low. You can simply browse around and find stuff the looks cool and not worry about the 2 or 3 Tez ($8 or $12) you are spending on the pieces. Its great whether its the beginning of the month or Pay Day. For help getting set up on H=N, see our video here.
Drop Calendar
The upcoming drops calendar is another great feature on ArtCentral.io. Have you ever wondered what blue chip drop you are missing out on because you don’t have time to check every NFT artist’s twitter every day? Many sites have implemented their own drop calendars, but who has time to check each of them? ArtCentral has you covered, all in one comprehensive location. We love that you can favorite items and even add them to your calendar. We like the selection of marketplaces, but expect that more will be added in the future. The feature does have a visual issue with showing some of the works from the drops it displays, we expect this is either due to video, or the way the drop page is laid out, or maybe some other mundane technical issue. If ArtCentral can sort out this challenge, we think the drop calendar can easily become every up and coming NFT Collector’s landing page at the start of the day.
In conclusion, if you are a casual or a serious NFT Collector, be sure to go check out ArtCentral.io. It has tons of great features to help you build an awesome collection. Special thanks to Koby @ ArtCentral for the heads up on their launch of the latest version of the site.
