Crypto Slam Investment: Strategies For Beginners

CryptoSlam is a new NFT data aggregator application that enables the trading of CFD and CFTC products. It is a protocol used in conjunction with the NFT (Netherland-wide deposit scheme) to facilitate the trading of EUR/Dalbert on the German market. CryptoSlam helps NFT traders identify and track promising NFT investment opportunities by aggregating NFT sales data such as sales volume, number of transactions and owners, and upcoming NFT drops. It is currently not possible to invest directly in CryptoSlam as there is no CryptoSlam coin.

CryptoSlam's history and future

CryptoSlam is an NFT aggregator that helps traders navigate the vast and fragmented NFT market by accumulating data on NFT collections in one place. Founded in 2018 by Randy Wasinger, a Kansas-based entrepreneur, CryptoSlam initially aimed to create a platform that tracked MLB Champions, a sports-themed NFT collection based on the Atlanta Braves baseball team. As interest in the platform grew, Wasinger expanded CryptoSlam's scope to include other NFT collections.

As of 2022, the NFT industry generates over $20 billion in yearly sales volume, with thousands of collections distributed across various blockchains and dApps. CryptoSlam helps traders identify and track promising NFT investment opportunities by providing sales data such as sales volume, the number of transactions and owners, and upcoming NFT drops. It currently tracks nearly 1,000 collections, including popular ones like CryptoPunks and Bored Ape Yacht Club.

In April 2021, CryptoSlam raised $9 million in a strategic seed round led by Animoca Brands, with investors including Mark Cuban, Sound Ventures (co-founded by Ashton Kutcher), and OKEx Blockdream Ventures. The platform continues to evolve and enhance its features to cater to the needs of both casual traders and full-time investors in the growing NFT market.

Looking ahead, CryptoSlam could potentially launch an IPO (Initial Public Offer) or create its own token, which may serve as a governance coin for a CryptoSlam DAO or be used for staking and minting NFTs. With the NFT industry still in its early stages, CryptoSlam is well-positioned to add significant value to the trading experience for both beginners and advanced traders.

How to analyse NFTs like a pro

Analysing NFTs can be a complex task, but with the right tools and knowledge, it can be a rewarding endeavour. Here are some detailed, instructive guidelines to help you analyse NFTs like a pro:

Understand the Basics

Before investing, it's crucial to know the basic profile and positioning of an NFT project. This includes information such as the blockchain it's built on, the total number of NFTs in the collection, and the average price. For example, CryptoPunks, built on the Ethereum network, consists of 10,000 NFTs with an average price of $40,000 each.

Analyse Trading Data

The second step is to scrutinise the trading situation of the project. This involves assessing liquidity, 24-hour/7-day volume, highest/average/lowest trading prices, trading frequency, and the total number of traders. These factors help determine the overall demand and market expectations for the NFTs.

Study NFT Holdings

Examining the NFT holders of the project is essential. This includes analysing the total number of holders, their holding periods, and the presence of "whales" (investors with large holdings). For instance, CryptoPunks has a high proportion of long-term investors, indicating strong belief in the project's value.

Evaluate Token Data

For projects that have issued tokens, studying their development involves analysing token prices, trading volume, and circulating volume. Token data can provide insights into the project's performance and the level of investor activity.

Utilise NFT Analysis Tools

Several tools are available to aid your analysis:

• Rarity Tools: Rarity.tools helps analyse the rarity or uniqueness of an NFT within its collection. Rarity is a crucial factor in determining an NFT's value.
• Etherscan Token Tracker: This platform provides access to ERC-721 token contracts and allows users to search wallets, transactions, and tokens, offering comprehensive information on minting, distribution, transfer, and prices.
• OpenSea: OpenSea is a well-known NFT marketplace that also serves as an analysis tool. It provides statistics on the ranking, sales, and purchase activity of NFT projects.
• NFTNerds: This tool enables you to discover trending collections and access floor prices, volumes, and sales numbers in real time.
• Genie: Genie is the first NFT marketplace aggregator on Ethereum, allowing users to buy, sell, and trade across multiple platforms in a single transaction, saving on gas fees.
• WhaleTogether's NFT Sniper Tool: This tool provides insights into the rarity/ranking of a collection, top traits/properties, and quick buy options.
• Zapper: Zapper gives a quick overview of the estimated net worth of your NFTs, providing floor price information.
• NFT Bank: NFT Bank offers visual insights into your overall performance, including revenue, spending, ROI, and financial metrics.
• Icy.Tools: Icy.Tools helps you discover trends early, with data on top minting and selling NFTs within different time frames.

Monitor Community Engagement

Examining the project's community activity can provide valuable insights. Engage with the project's community on platforms like Twitter, Discord, or YouTube, where many NFT enthusiasts are active. This can help you understand the level of interest, investor sentiment, and potential future trends.

Compare and Track

Use rankings and inter-project comparisons to evaluate an NFT project's positioning in the market. Compare metrics such as market capitalisation, total assets, collection value, and sales activity to identify the most promising investments.

By following these steps and utilising the right tools, you'll be well on your way to analysing NFTs like a pro and making more informed investment decisions.

CryptoSlam's funding and investors

CryptoSlam is a private US company based in Kansas. In January 2022, CryptoSlam raised $9 million in a strategic seed round led by Animoca Brands. The funding round also saw the participation of CryptoSlam pre-seed investors Mark Cuban, Sound Ventures (the venture capital firm co-founded by Ashton Kutcher), and OKEx Blockdream Ventures (the venture arm of cryptocurrency exchange OKEx).

CryptoSlam was founded in 2019 by Randy Wasinger, a Kansas-based entrepreneur. The platform currently employs over 20 people.

The original intention behind CryptoSlam was to create a platform that tracked MLB Champions, a sports-themed NFT collection on Ethereum based on players from the Atlanta Braves baseball team. As interest in the platform grew, Wasinger expanded the platform to other collections.

In an April 2021 press release, Wasinger stated:

> "As a long-time collector of sports cards and memorabilia, I was drawn to the collectability of NFTs and wanted to organize NFT data in a way that makes sense for both collectors and those who saw NFTs as an investment opportunity."

How to use CryptoSlam

CryptoSlam is a data aggregator focused on the non-fungible token (NFT) market within the blockchain industry. It provides analytics and rankings for NFT collectibles, offering insights into sales volume, transactions, and market trends. The platform is useful for NFT buyers, sellers, and creators who require market data for decision-making and promotion.

• Get Familiar with the Platform: CryptoSlam has various features and functions that can help you track and analyze NFT data. Take some time to explore the platform and understand the information it provides.
• Search for a Project: You can use the search function to find specific NFT projects or scroll through the list of all the NFT projects covered on the site. This is a great way to start using CryptoSlam, as you can narrow down your focus to specific projects that interest you.
• Track NFT Collections by Sales Volume: CryptoSlam allows you to track NFT collections by sales volume over different periods (24 hours, 7 days, 30 days, or all-time). This feature helps you identify the top-selling and emerging NFTs, so you can determine if a collection is on an upward or downward trend.
• Analyze Sales Data: By clicking on the top collections, you can view detailed statistics, such as sales volume, floor price, the number of transactions, and buyers. Analyzing this data helps you gauge market sentiment and make informed investment decisions.
• Stay Updated with Upcoming NFT Drops: CryptoSlam's "Upcoming NFT Drops" feature is valuable for getting in on new NFT collections early. It lists new NFT drops at the mint floor price, allowing you to mint NFTs at their inception, which is especially useful if you're a first-time NFT trader.
• Monitor Blockchain Performance: CryptoSlam also provides insights into the top-performing blockchains for NFT sales. You can use this information to identify alternative blockchains with lower transaction fees, potentially increasing your profits.
• Utilize Additional Features: CryptoSlam offers various other metrics and tools, such as tracking today's sales volume, today's market sellers, today's mints, top market buyers and sellers, current transaction fees, live marketplace and sales, and more. Explore these features to gain a comprehensive understanding of the NFT market.
• Compare Data Across Blockchains: CryptoSlam supports multiple blockchains, including Ethereum, Solana, and Polygon. You can compare the performance of different blockchains in terms of sales volume, transaction fees, and more to make informed decisions about where to mint and store your NFTs.
• Subscribe to CryptoSlam: To access all the features and benefits of CryptoSlam, you may need to subscribe to the platform. Check the CryptoSlam website for the latest information on subscription packages and fees.

By following these steps, you can effectively use CryptoSlam to track NFT metrics, analyze sales data, identify investment opportunities, and make more informed decisions in the NFT space.

CryptoSlam's competitors

CryptoSlam is a data aggregator that focuses on the non-fungible token (NFT) market within the blockchain industry. It provides analytics and rankings for NFT collectibles, offering insights into sales volume, transactions, and market trends. It is one of the largest NFT aggregators, helping NFT traders navigate the vast and fragmented market.

Some of CryptoSlam's competitors include:

• Nonfungible.com: This platform had 1.01K visits, a 31 authority score, and a 100% bounce rate as of February 2024. It is the world's largest NFT data resource.
• Luckytrader.com: With 8.49K visits, a 29 authority score, and a 76.1% bounce rate as of February 2024.
• Raritysniper.com: This platform allows users to check the rarity of NFT collections on various blockchains. It had 34.21K visits, a 36 authority score, and an 89.96% bounce rate as of February 2024.
• Blur.io: With 2.46 million visits, a 43 authority score, and a 53.05% bounce rate as of February 2024.
• HelloMoon: Provides information on Solana DeFi and NFT analytics.
• Mintify: A multichain aggregator, analytics platform, and trading terminal for NFT-based economies.
• Icy.tools: An NFT tracking and analytics platform.
• NFTGo.io: Another NFT data aggregator.
• MoonRank: A statistical rarity service for the Solana NFT ecosystem.
• SolanaFloor: A data analysis platform for the Solana NFT ecosystem.
• Rarity Sniper: Allows users to check the rarity of NFT collections on Ethereum, Solana, and other blockchains.
• NFTeyez: An NFT gallery focused on Solana.
• Compass Art: Helps users spot NFT collections before they go mainstream.
• Ninjalerts: Provides push notifications for any Ethereum transactions.
• SolsWatch: Provides insights and charts on Solana NFT collections.
• Moonly: An NFT trading tool.
• The ShroomDK API: An NFT-gated key that provides access to Flipside data.
• Rarity.tools: A tool for ranking NFT collectibles.
• NFTNerds: A leading NFT trading platform with detailed collection analytics.
• What'sMinting.Live: An NFT tracker that provides insights on collection performance and market state.
• Hebys.io: An NFT search engine that has indexed over 1.1 million NFT collections.
• Unleash NFTs: An analytics and forensics platform for NFTs.
• Oraqle: Provides systematic NFT investing.
• Radiant Segment: Allows users to create NFT and token snapshots quickly.

These competitors offer similar features to CryptoSlam, such as analytics, tracking, and insights into the NFT market, helping traders and investors make informed decisions.

Frequently asked questions