What is NFTs Marketplace Aggregator?

With the arrival of Web3, aggregator applications have emerged in different fields like mining, DeFi, and NFT, and NFT aggregators are now a practical tool for both newcomers and experienced traders who want a more efficient way to navigate fragmented market data. This article explains what NFT aggregators are, how they are used, what benefits they offer, and how platforms such as GEM, Genie, DeSpace, and Blur fit into the broader NFT and Web3 ecosystem.

Summary

An NFT aggregator is an application that integrates order information from multiple NFT distribution platforms. It was created to solve the problem that order information from multiple marketplaces could not be shared with each other. In the traditional sense, aggregators even predate the crypto industry. Aggregators have long played an important role in collecting and compiling valid information.

There are many examples of aggregators in Web2, such as search engines that aggregate and optimize website content, and social platforms that aggregate and satisfy people’s social needs.

With the arrival of Web3, aggregator applications have emerged in different fields like mining, DeFi, and NFT. Aggregators not only help users to explore more in the market and gain more value, but they are also becoming an integral part of the crypto ecosystem.

Usages of NFT Aggregators in NFT Marketplaces

NFT aggregators are mainly used as a Web3 tool for collecting market information on different NFTs. There are differences in the functions provided by different aggregators. The basic function of the aggregator is to provide a centralized summary of NFT market information, especially for the pending orders of all NFTs.

NFT market information is actually quite simple. NFT trading platforms such as OpenSea, Rarible, and Larva Labs will provide real-time floor price information on different series of NFTs.

Aggregators allow users to know the market information about NFT on different trading platforms. The aggregating speed depends on the capacity of the aggregator, which is the most basic feature offered by most aggregators.

Of course, trying to cover as many different trading platforms as possible and thus attracting more users is the goal of many aggregator developers, so they will often add many additional features to their products.

The Benefits of NFT Aggregators for Digital Collectibles

• Maximum information integration - Aggregates all viewable, tradable and purchasable NFTs on the market for the user.

• Fast and efficient search - Users can quickly find relevant information about a specific NFT on all trading platforms through the aggregator.

• NFT information analysis - Users can find the information they need to analyze content on the same aggregator, where they can review total sales volume, historical sales data, floor prices, high price holders, and more on secondary markets.

• Optimized trading procedure - Users can trade NFT directly through the webpage of the aggregator and spend fewer gas fees on bulk transactions. Many aggregators also support multiple cryptocurrencies for payment, which provides great convenience, and secondary marketplaces are where users resell NFTs after initial sales.

NFT Aggregators present information from different marketplaces in one application, so as to optimize users’ experience. Without the aggregator, users would have to visit each NFT marketplace and register separately, which is unfriendly not only for NFT newcomers but also for experts in the space.

NFT’s aggregated trading has offered great convenience and even more expanded functionality for users.

Popular NFT Aggregators and Magic Eden

Many commonly used NFT aggregators are more like product-based service providers. Though different aggregators have various focuses, the most basic function is still the aggregation of NFT order information. Curated marketplaces prioritize quality over quantity, while non-curated venues let anyone list NFTs for selling.

In order to increase the competitiveness of their own applications, developers also add some featured functions like bulk purchases (to reduce gas fees) to attract more users. Aggregators may also surface primary markets for early access to newly minted NFTs after minting alongside secondary listings in one place.

However, for many users committed to the NFT market, the biggest role of aggregators is to easily read the tape. Market trends are often reflected through the fluctuation of prices, and the convenience that aggregators can provide is often very useful.

(Source: gem.xyz)

GEM

GEM aggregates listings from major NFT marketplaces including OpenSea, the biggest NFT marketplace; OpenSea remains a leading multi-chain platform supporting Ethereum, Polygon, Solana, and more blockchain networks, alongside Rarible, LooksRare, X2Y2, NFTX, and NFT20.

Its ultimate goal is to aggregate all NFT marketplace listings so that users no longer need to jump across platforms to compare prices. The trading experience becomes similar to online shopping, with shopping carts and bulk purchases. Magic Eden is another major nft aggregator and marketplace, supporting 12+ blockchains and standing out as a top venue for Bitcoin Ordinals.

Bulk purchases on GEM can save up to 33% in fees compared to ordinary purchases. GEM accepts all ERC-20 tokens as the payment method, allowing users to pay in multiple currencies at once, greatly increasing flexibility and giving collectors access to a largest selection across multiple chains.

GEM will provide data from Dune Analytics for NFTs, allowing users to view key data (sales, floor price, transactions, holding distribution, etc.) directly on the platform. For creators deciding where to create and launch collections, OpenSea charges 10% for primary-drop minting fees, which can affect marketplace choice.

（Sources: genie.xyz）

Genie

Genie is perhaps the first product on the NFT aggregator track. Like GEM, it’s another hotly discussed aggregator application.

Genie began closed beta testing in August 2021, and a total of 631 users completed over 1600 transactions during the beta period, with a total transaction amount of over 5500 ETH.

Genie currently supports trading marketplaces such as OpenSea, NFTX, Rarible, LooksRare, and Larva Labs, and does not charge any platform fees.

Theoretically, Genie can save users up to 40% of the gas fee, but this depends on the number of NFTs purchased in bulk by users in a single transaction.

(Source: despace.io)

DeSpace

DeSpace is an aggregator for DeFi and NFT, and a one-stop platform to participate in DeFi and the NFT markets. Some NFT marketplaces specialize in curated digital art; for example, SuperRare is known for nft art, with a gallery-style focus on artists, quality curation, and artist reputation in this niche.

DeSpace provides many functions other than aggregation, basically covering the NFT market, on-chain transactions, collateral lending, and cross-chain. DeSpace is trying hard to explore more directions in its functional expansion. Foundation is another art-focused marketplace that can matter when creators and sellers compare platforms, because it charges a 5% marketplace fee on secondary sales.

According to its official website, DeSpace will access hundreds of mainstream DeFi protocols and NFT marketplaces, including Uniswap, PancakeSwap, Bondly, Auction, Compound, and OpenSea, so that users can easily use the functions provided by these projects on only one platform, while still reaching platforms that specialize in curated digital art within a specific niche.

（Source: blur.io)

Blur

Blur is a new form of NFT aggregator, building a high-speed model for trading like in an “exchange,” focused on professional traders and active traders and better suited to them than beginners or first time buyers.

It also offers advanced trading tools with fast execution and bids, and its fee structures include 0% marketplace fees for NFT transactions rather than extra costs on swaps.

In addition to providing information about NFT trading orders, Blur has also been adding a number of new NFT series to its shelves. In its early stage, Blur attracted a lot of users through cheap and even free airdrops, and the rapid release of governance tokens, and later retained these users with its aggregating service.

Compared to the traditional royalty-sharing model represented by OpenSea, Blur’s trading model may not be friendly to NFT creators, which is essentially a price tool. But Blur does offer good experiences for traders, while more beginner friendly platforms with a simple interface may make more sense for buyers and collectors because they are more beginner-friendly and better suited to first-time use. But while gathering popularity and traffic, the mode also made the development path of the NFT market more limited.

Tensor, the leading solana marketplace, is optimized for high-speed trading in the solana ecosystem, specializes in solana NFTs, and is especially focused on solana users rather than collections with low liquidity.

For anyone comparing options, Tensor’s exchange-style setup on solana can feel more natural than a general marketplace.

Conclusion:How to Sell NFTs

There is no doubt that the emergence of NFT market aggregators has facilitated many users in NFT trading. Although they do not necessarily contain exactly the same features, they are all designed to increase convenience. Choosing among the best nft marketplaces and various marketplaces also depends on factors such as reputation, security practices, supported wallets, brand trust, and the buying process, especially when comparing the best known nft marketplaces.

Users also need a crypto wallet to support buying nfts, store digital assets, and verify ownership of each asset across platforms.

NFT liquidity consolidation and trade aggregation has always been a major problem for investors in recent years. NFT aggregators fill this gap. They learn business logic from many Web2 applications.

As aggregators become an increasingly important part of the NFT space, mainstream NFT marketplaces are following up in building aggregators. For example, OpenSea Ventures is investing in NFT aggregators and data analytics platforms that can support OpenSea and other NFT marketplaces. Even where nft marketplaces safe enough for regular use are available, buyers and collectors should still double-check links, contracts, and transaction details.

NFT aggregators are still in their initial stages, and there is still room for optimization, especially in terms of function and technology, including the retrieval of NFT series and contract addresses, metadata updates, quote updates, and other extended functions.

The application of aggregators in the NFT field is maturing in exploration, and will definitely have a broader prospect in Web3.

FAQ

What is an NFT aggregator?

An NFT aggregator is a platform that collects NFT listings and trading data from multiple marketplaces, allowing users to discover and trade NFTs in one place.

How does an NFT marketplace aggregator work?

NFT aggregators collect and organize listings, prices, and other NFT data from different marketplaces, making it easier for users to compare and find available assets.

Why use an NFT aggregator?

An NFT aggregator can save time by bringing listings from multiple marketplaces into one interface, helping users compare prices and discover more NFTs.

Do I need a crypto wallet to use an NFT aggregator?

Yes. A compatible crypto wallet is generally required to connect to an NFT aggregator, buy NFTs, store digital assets, and verify ownership.