The world of sports has always been about more than just the game. It's about the fans, the atmosphere, the shared moments of joy, despair, and hope. With the advent of blockchain technology and the rise of NFTs (Non-Fungible Tokens), sports platforms are finding innovative ways to enhance fan engagement, offering unique experiences that were previously unimaginable.

#### **The ICC's Foray into Web3**

A prime example of this evolution is the International Cricket Council's (ICC) recent partnership with the Near Foundation. Together, they've unveiled a Web3 fan engagement app for the 2023 Cricket World Cup in India. This isn't the ICC's first venture into the world of Web3. In 2022, they launched FanCraze, an NFT platform that allowed cricket enthusiasts to purchase exclusive digital memorabilia from various ICC tournaments. This move was a significant step, laying the groundwork for further exploration into the expansive domain of Web3.

The newly developed Web3 app for the 2023 Cricket World Cup is designed to be more than just a passive interface. Fans can actively participate in prediction games, employing their cricketing strategy to guess match outcomes. Accurate predictions earn participants points, which are then reflected based on real-world match outcomes. To add a competitive edge, the app features leaderboards, where fans can climb ranks based on their accumulated points. This not only gamifies the experience but also offers tangible rewards, with fans standing a chance to earn various prizes throughout the tournament.

#### **The Broader Implications for Sports**

While the ICC's initiative is commendable, it's just the tip of the iceberg. The potential of NFTs and blockchain technology in the sports domain is vast:

1. **Memorabilia & Collectibles**: Beyond digital cards or moments, imagine owning a unique NFT of a game-winning goal, a record-breaking sprint, or a historic match-winning six. These tokens can be traded, showcased, or even used in virtual worlds.

2. **Ticketing**: NFTs can revolutionize ticket sales, ensuring authenticity and potentially offering unique in-game experiences for the holder, from VIP access to player meet-and-greets.

3. **Fan Voting & Engagement**: Sports teams can issue NFTs as tokens of governance, allowing fans to vote on minor team decisions, jersey designs, or charity initiatives.

4. **Athlete Sponsorships & Endorsements**: Athletes can tokenize their image rights, allowing fans to invest in their favorite players' futures or even own a share of their endorsement deals.

5. **Virtual Sports Worlds**: With the rise of metaverses, sports can have a virtual counterpart where fans can engage, play, or even train with AI versions of their favorite athletes.

#### **Conclusion**

The fusion of sports and blockchain technology, especially through NFTs, is creating a paradigm shift in how fans interact and engage with their favorite sports and athletes. The ICC's Web3 initiative for the 2023 Cricket World Cup is a testament to the potential of this fusion. As more sports bodies and organizations recognize the value of this technology, fans can anticipate a more immersive, engaging, and rewarding sports experience in the years to come.


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The world of sports has always been about more than just the game. It's about the fans, the atmosphere, the shared moments of joy, despair, and hope. With the advent of blockchain technology and the rise of NFTs (Non-Fungible Tokens), sports platforms are finding innovative ways to enhance fan engagement, offering unique experiences that were previously unimaginable.


NFTs: Revolutionizing Sports Platforms with Enhanced Fan Engagement

Uniswap V3 uses NFTs to represent liquidity positions. Unlike V2, where liquidity providers received ERC-20 LP tokens, V3 mints a unique NFT for each position. This NFT encodes the specifics of the position: the range of prices and the amount of liquidity provided. For a detailed understanding of Uniswap V3 NFTs, [this article](https://blog.themis.exchange/uniswap-v3-nfts-heres-everything-you-need-to-know-f20bdf82a4b6) provides a comprehensive overview.

While this mechanism offers greater flexibility and capital efficiency, it also introduces complexities in tracking and valuing these positions. BlockSpan, with its advanced data analytics capabilities, bridges this gap by providing granular insights into the value of these NFT positions. In this blog, we'll delve deep into how BlockSpan achieves this and why it's a game-changer for DeFi enthusiasts.

### **BlockSpan's Unique Offering**

Consider a recent transaction hash **0x32851a1d0c84871d7309e624cb671692509794b04c99f2817d84264a72669e1f**. While platforms like Etherscan provide raw transaction data, BlockSpan goes a step further. Our API not only fetches the transaction details but also calculates the price of the NFT position.

```javascript
{
    "token_type": "erc721",
    "transaction_hash": "0x32851a1d0c84871d7309e624cb671692509794b04c99f2817d84264a72669e1f",
    "price": [
        {
            "price": "14811.26527200842113112106",
            "price_currency": "ETH",
            "price_usd": "24607963.176187729610637229472603030121612",
        }
    ]
}
```

From the above, we can infer that the NFT position was valued at approximately 14,811 ETH or roughly 24.6 million USD at the time of the transaction.

### **Why is this Important?**

1. **Historical Analysis for Trading Strategies**: By understanding the value of positions when they were taken, traders and liquidity providers can analyze historical data to refine their strategies. For instance, if a significant liquidity position was taken at a specific price range, it might indicate confidence in that range, which can be valuable information for future trades.

2. **Liquidity Alerts for DApps and DeFi Platforms**: Platforms can set up alerts for their users when significant liquidity positions are taken or exited. This can be valuable information for traders looking to enter or exit positions.

3. **Research and Analysis**: DeFi analysts can use this data to understand liquidity trends, identify whale activities, and study the correlation between liquidity provision and price movements.

### **Use Case: Strategic Liquidity Provision**

Consider an algorithmic trading bot that provides liquidity on Uniswap V3. Using BlockSpan's API, the bot can:

```javascript
const fetch = require('node-fetch');

async function fetchNftValue(transactionHash) {
    const endpoint = "https://blockspan-api.com/transaction";
    const response = await fetch(endpoint + "?hash=" + transactionHash);
    const data = await response.json();
    return data.results[0].price[0].price_usd;
}

// Example usage
const transactionHash = "0x32851a1d0c84871d7309e624cb671692509794b04c99f2817d84264a72669e1f";
const nftValue = await fetchNftValue(transactionHash);
console.log(`The historical value of the NFT position is: $${nftValue}`);
```

By monitoring the historical value of its NFT positions, the bot can make strategic decisions on where to provide liquidity next, based on past trends and performance.

### **Use Case: DeFi Portfolio Management**

Imagine a DeFi enthusiast, Alice, who actively provides liquidity across various Uniswap V3 pools. With multiple positions across different price ranges and pools, tracking the historical value of each position can become cumbersome.

Using BlockSpan's API, a portfolio management tool can offer Alice a consolidated view of her NFT positions' historical value. This not only simplifies tracking but also aids in making informed decisions about future liquidity provision.

```javascript
async function fetchUserNftValues(userAddress) {
    const endpoint = "https://blockspan-api.com/user_nft_positions";
    const response = await fetch(endpoint + "?address=" + userAddress);
    const nftPositions = await response.json().results;
    
    const values = {};
    for (let position of nftPositions) {
        const tokenId = position.id;
        const valueUsd = position.price[0].price_usd;
        values[tokenId] = valueUsd;
    }

    return values;
}

// Example usage
const aliceAddress = "0xExampleAliceAddress";
const nftValues = await fetchUserNftValues(aliceAddress);
console.log(`Alice's NFT positions and their historical values:`, nftValues);
```

### **Use Case: NFT Marketplaces and Auction Platforms**

NFT marketplaces and auction platforms can leverage BlockSpan's API to provide historical valuations of Uniswap V3 NFT positions listed for sale. This would enable potential buyers to understand the historical significance and value of the position they are considering purchasing. Moreover, sellers can ensure they are listing their positions with a clear understanding of its past value, providing transparency to potential buyers.

### **Conclusion

Uniswap V3's NFT-based liquidity positions have ushered in a new era of possibilities and challenges in the DeFi sector. While these positions offer enhanced flexibility, they also bring about intricate dynamics that can be challenging to navigate. BlockSpan's capability to provide historical valuation data for these positions is a testament to the evolving needs of the DeFi community. As we journey further into this decentralized future, tools that offer clarity, insight, and strategic value—like BlockSpan—will be indispensable for both newcomers and seasoned DeFi veterans alike.


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Uniswap V3 has introduced a novel approach to liquidity provision with its NFT-based positions. While this mechanism offers greater flexibility and capital efficiency, it also introduces complexities in tracking and valuing these positions. BlockSpan, with its advanced data analytics capabilities, bridges this gap by providing granular insights into the value of these NFT positions. In this blog, we'll delve deep into how BlockSpan achieves this and why it's a game-changer for DeFi enthusiasts.

Decoding the Value of Uniswap V3 NFTs with BlockSpan

The NFT landscape is vast, intricate, and ever-evolving. As enthusiasts, collectors, and investors, we're always on the lookout for tools that not only simplify our journey but also enrich it. Enter BlockSpan's [NFT Analytics Dashboard](https://blockspan.com/nft/), a platform meticulously designed to offer a panoramic view of the NFT cosmos. Let's explore its features and the myriad possibilities it opens up for users.

**1. Multi-Chain NFT Search: Bridging Multiple Worlds**
The beauty of decentralization is the diversity of its ecosystems. Ethereum, Binance Smart Chain, Polygon - each chain has its unique offerings. With our dashboard's [multi-chain search capability](https://blockspan.com/nft/), imagine seamlessly hopping from one chain to another, discovering hidden gems, or tracking a popular NFT's presence across different chains. It's like having a universal passport to the NFT universe.

**2. Fuzzy Matching: Unraveling the NFT Tapestry**
Ever been curious about how many NFTs revolve around, say, mythical creatures? Using our dashboard's fuzzy matching, you could dive into themes like "dragons" or "phoenix" and uncover collections ranging from majestic artworks to fantasy game assets. Explore the [vast collections](https://blockspan.com/top-collections/) and perhaps stumble upon a theme or artist you'd never known before.
![dashboard1-search-nfts_850.png](https://blockspan-cms-production.s3.us-east-2.amazonaws.com/dashboard1_search_nfts_850_a2bb6d7d18.png)

**3. Authentic Pricing: The Heartbeat of the NFT Market**
In the NFT world, pricing isn't just a number; it's a narrative. By sourcing sales prices directly from the blockchain, our dashboard provides a pulse on the market's heartbeat. Track the journey of a particular artwork, see how historical events impact NFT prices, or gauge the popularity of a new digital artist on the block.
![dashboard2-nft-prices_850.png](https://blockspan-cms-production.s3.us-east-2.amazonaws.com/dashboard2_nft_prices_850_3d63232fcb.png)

**4. Trending Collections: Riding the NFT Wave**
The NFT realm is dynamic. What's trending today might be different tomorrow. Whether you're a collector looking for the next big thing or an investor seeking lucrative opportunities, our insights into the [top trending collections](https://blockspan.com/top-collections/) ensure you're always ahead of the curve.
![dashboard3-topcoll-table_850.png](https://blockspan-cms-production.s3.us-east-2.amazonaws.com/dashboard3_topcoll_table_850_f1893e0bf6.png)
**5. Wallet Explorer: The NFT Portfolio Visualizer**

Imagine being able to visually map out the NFT universe of a particular wallet. With our [wallet explorer](https://blockspan.com/wallet/), you can do just that. For instance, delve into a celebrity's public wallet to see their NFT tastes or explore top traders' wallets to glean insights into their strategies. It's like having X-ray vision in the NFT world!

**6. A Glimpse into the Future**
While our current offerings are expansive, the horizon is even more exciting. Picture integrating social signals to gauge NFT popularity or AI-driven insights to predict emerging trends. The possibilities are endless, and we're just scratching the surface.

---

BlockSpan's NFT Analytics Dashboard isn't just a tool; it's a compass, guiding users through the vast oceans of the NFT universe. Whether you're a seasoned NFT aficionado or a curious newcomer, our platform promises a journey filled with discoveries, insights, and excitement. Dive in, and let the adventures begin!


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The NFT landscape is vast, intricate, and ever-evolving. As enthusiasts, collectors, and investors, we're always on the lookout for tools that not only simplify our journey but also enrich it. Enter BlockSpan's [NFT Analytics Dashboard](https://blockspan.com/nft/), a platform meticulously designed to offer a panoramic view of the NFT cosmos. Let's explore its features and the myriad possibilities it opens up for users.

Dive Deeper into the NFT Universe with BlockSpan's Analytics Dashboard

*Pittsburgh, Aug 29, 2023* - BlockSpan, a leading provider of blockchain data solutions, is thrilled to announce the launch of its state-of-the-art NFT Analytics Dashboard. This new platform is designed to empower users with comprehensive insights and data on non-fungible tokens (NFTs), showcasing the capabilities of BlockSpan's NFT API platform.

The NFT Analytics Dashboard offers a user-friendly interface that allows both novices and experts to delve deep into the world of NFTs. Users can explore a wide range of data points, from transaction histories to rarity scores, all in real-time.

Jon Pastor, co-founder of BlockSpan, commented on the launch, "Our goal has always been to bridge the gap between complex blockchain data and everyday users. With the NFT Analytics Dashboard, we're taking a significant step towards that vision. We believe this tool will become an invaluable resource for anyone looking to understand the rapidly evolving NFT market."

**Key Features of the NFT Analytics Dashboard:**
- Real-time data tracking from major blockchain networks.
- Comprehensive insights into NFT transaction histories, rarity scores, and more.
- Intuitive user interface designed for ease of use.
- Powered by BlockSpan's robust NFT API platform.

The launch of the NFT Analytics Dashboard underscores BlockSpan's commitment to providing cutting-edge tools and solutions in the blockchain space. As the NFT market continues to grow and evolve, tools like this will be crucial for investors, developers, and enthusiasts to stay informed and make data-driven decisions.

For more information about the NFT Analytics Dashboard or to explore it firsthand, visit [https://blockspan.com/nft/](https://blockspan.com/nft/).

**About BlockSpan:**
Founded by leading enterprise data platform builders in 2022, BlockSpan is a Web3 innovator focused on delivering easy-to-implement API solutions for the blockchain. With the release of the BlockSpan NFT API platform, software companies building on the blockchain have instant access to highly accurate real-time and historical NFT data (and cached media), empowering them to build scalable, cost-efficient apps in just days.

For more information about BlockSpan and its strategic direction, please visit BlockSpan's website at https://blockspan.com/.

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*Pittsburgh, Aug 29, 2023* - BlockSpan, a leading provider of blockchain data solutions, is thrilled to announce the launch of its state-of-the-art NFT Analytics Dashboard. This new platform is designed to empower users with comprehensive insights and data on non-fungible tokens (NFTs), showcasing the capabilities of BlockSpan's NFT API platform.

BlockSpan Announces the Launch of Its Innovative NFT Analytics Dashboard

In the ever-evolving world of blockchain technology, non-fungible tokens (NFTs) have emerged as a groundbreaking innovation. These unique digital assets have created new paradigms for ownership, investment, and artistic expression. However, as with any nascent market, the valuation of NFTs remains a complex and often misunderstood process.

### The Complexity of NFT Valuation

Unlike cryptocurrencies, which are fungible and have a clear market price, NFTs are unique by design. This uniqueness makes their valuation inherently subjective and variable. Factors such as the artist’s reputation, historical significance, utility, and rarity all play a role in determining an NFT's value.

### The Emotional Quotient

One of the most intriguing aspects of NFT valuation, as highlighted in a recent [Mirror article](https://waterfall.mirror.xyz/u4B-9P5nR-K8G8xpcT90XWSXr7_HJ1bzisxaWKMs4sE?utm_source=tldrcrypto), is the emotional connection that buyers may have with a particular NFT. This emotional quotient can significantly influence the price someone is willing to pay for a digital asset, often leading to prices that may seem irrational when viewed through a traditional investment lens.

### BlockSpan’s Solution: A Data-Driven Approach

In this complex landscape, BlockSpan offers a robust solution for NFT valuation. As detailed in our previous [blog post](https://blockspan.com/blog/master-nft-pricing-with-blockspans-nft-api-platform/), BlockSpan's NFT API Platform provides a comprehensive, data-driven approach to NFT pricing.

Our platform parses blockchain transaction activity, including internal contract activity and ERC20 token transfers, to deliver highly accurate pricing data. This approach allows us to cut through the noise and provide actionable insights based on real, on-chain data.

### Beyond the Numbers: Contextual Analysis

But BlockSpan’s approach goes beyond just crunching numbers. Our platform also considers the contextual factors that are crucial in NFT valuation. For example, our algorithms analyze the historical significance of an NFT, the reputation of the artist or creator, and the broader market trends that may be influencing prices.

### Empowering the NFT Community

By providing a transparent and data-driven approach to NFT valuation, BlockSpan empowers artists, collectors, and investors to navigate the NFT market with confidence. Our platform enables users to:

1. **Understand the Fair Market Value:** Gain insights into the fair market value of NFTs based on comprehensive data analysis.
2. **Make Informed Decisions:** Use data to inform buying, selling, and holding decisions, rather than relying on speculation or emotional impulses.
3. **Discover Emerging Trends:** Identify new and emerging trends in the NFT space, allowing for early investment in potentially valuable assets.

### The Future of NFT Valuation

As the NFT space continues to evolve, the methods for valuing these unique digital assets will likely mature and become more sophisticated. BlockSpan is committed to staying at the forefront of this evolution, continually refining our algorithms and expanding our data sources to provide the most accurate and actionable NFT pricing insights possible.

### Final Thoughts

In a world where the emotional and subjective aspects of NFTs are as important as the objective data, finding the right balance is key. BlockSpan’s NFT API Platform is designed to be a guiding light in this exciting, but often confusing, new frontier.

**Stay ahead of the curve with BlockSpan. Join our community [Discord](https://discord.com/invite/Nqewrjypbp) and sign up for our [newsletter](https://cdn.forms-content.sg-form.com/8c0831bd-c3fb-11ed-bc26-82a53f074d13) to keep up with the latest in NFT valuation and blockchain technology.**


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In the ever-evolving world of blockchain technology, non-fungible tokens (NFTs) have emerged as a groundbreaking innovation. These unique digital assets have created new paradigms for ownership, investment, and artistic expression. However, as with any nascent market, the valuation of NFTs remains a complex and often misunderstood process.

The New Frontier: Navigating NFT Valuation with BlockSpan

The recent actions by the U.S. Securities and Exchange Commission (SEC) against NFT projects, notably Stoner Cats 2 LLC (SC2), have sent ripples through the crypto community. These actions highlight the regulatory challenges faced by creators in the rapidly evolving NFT space. However, with a thoughtful approach, there's a way for innovation and regulation to coexist harmoniously.

### **The SEC's Stance on NFTs**

The SEC's charge against SC2 revolves around the unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). SC2's marketing campaign emphasized the potential benefits of owning their NFTs, including the possibility of reselling them on secondary markets. The involvement of well-known Hollywood figures and the promise of royalties from secondary sales further blurred the lines between a simple digital collectible and a potential investment vehicle.

Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, emphasized that the nature of the offering, rather than its label or underlying object, determines its classification as a security. This perspective underscores the need for creators to be cautious and well-informed when launching NFT projects.

### **Lessons for Smart Creators**

1. **Understand the Regulatory Landscape**: Before launching an NFT project, creators should familiarize themselves with the regulatory environment. This includes understanding the Howey Test, which the SEC uses to determine if an offering qualifies as a security. If an NFT is sold with the expectation of profit from the efforts of others, it may be classified as a security.

2. **Transparency is Key**: Creators should be transparent about the nature of their NFTs. If the primary value of the NFT is its utility or artistic value, this should be clearly communicated to potential buyers. Promising future profits or emphasizing the investment potential of an NFT can attract regulatory scrutiny.

3. **Collaborate with Legal Experts**: Given the complex and evolving nature of crypto regulations, it's crucial for creators to collaborate with legal experts familiar with the crypto space. This can help in ensuring that the project aligns with current regulations and avoids potential pitfalls.

4. **Innovation Within Boundaries**: The crypto space offers immense possibilities for innovation. However, creators should be mindful of the boundaries set by regulations. This doesn't mean stifling creativity but rather channeling it in ways that are compliant with the law.

### **NFTs and the Future**

The cases of Stoner Cats and other NFT projects serve as a reminder that the crypto space is still in its infancy, and regulatory frameworks are evolving to catch up with the rapid pace of innovation. However, this shouldn't deter creators. Instead, it should inspire a collaborative approach where innovation thrives within a framework that protects both creators and consumers.

NFTs have the potential to revolutionize various industries, from art and entertainment to real estate and beyond. By understanding and respecting the regulatory landscape, creators can ensure that their projects stand the test of time and contribute positively to the broader adoption of blockchain technologies.

In conclusion, the intersection of innovation and regulation in the NFT space presents challenges, but also opportunities. By navigating this landscape with knowledge, transparency, and collaboration, creators can pave the way for a vibrant and compliant future for NFTs.


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The recent actions by the U.S. Securities and Exchange Commission (SEC) against NFT projects, notably Stoner Cats 2 LLC (SC2), have sent ripples through the crypto community. These actions highlight the regulatory challenges faced by creators in the rapidly evolving NFT space. However, with a thoughtful approach, there's a way for innovation and regulation to coexist harmoniously.

Innovation and Regulation in the NFT Space: A Path Forward

The digital realm of NFTs (Non-Fungible Tokens) is ever-evolving, and the recent introduction of ERC-6551, or token-bound accounts (TBAs), has set the stage for a transformative shift in how we perceive and interact with these digital assets. At BlockSpan, we've always been at the forefront of NFT innovations, and the potential of ERC-6551 aligns seamlessly with our vision for the future of the NFT ecosystem.

### A New Paradigm: Beyond Traditional NFTs

Traditionally, NFTs have been seen as mere digital assets, representing ownership of a unique item on the blockchain. However, with the advent of TBAs via ERC-6551, an NFT can now metamorphose into a fully functional wallet. This not only amplifies the utility of NFTs but also redefines on-chain ownership, identity, and value.

### The Rise and Evolution of NFTs

The NFT landscape witnessed a significant boom in 2017 with the introduction of the ERC-721 standard, which facilitated the tokenization of unique digital assets. This era saw groundbreaking projects like CryptoKitties and NBA TopShot, which brought NFTs into the mainstream. However, as with many nascent technologies, the initial hype led to market saturation and eventual correction.

Yet, the true believers in the underlying technology of NFTs persisted. Fast forward to 2023, and the ERC-6551 standard emerges, promising to rejuvenate the NFT space by adding layers of functionality and interactivity.

### The Power of ERC-6551

ERC-6551, pioneered by the team at Future Primitive, introduces the concept of token-bound accounts. In essence, every ERC-721 NFT can now have its own smart contract wallet, enhancing its composability and dynamism. This means:

- **Provenance**: Unlike traditional NFTs that only provide proof-of-ownership, ERC-6551 NFTs narrate their own story, including a complete transaction history and utility.
  
- **Composability**: NFTs can now bundle related assets, allowing for richer, more interactive experiences.
  
- **Identity**: NFTs can have their own distinct identity, separate from the wallets that hold them, making them extensions of one's digital persona.
  
- **Dynamism**: The static nature of traditional NFT metadata can now evolve, allowing for real-time changes to an NFT's value or appearance.
  
- **Interactivity**: These NFTs can interact with other on-chain assets, enhancing their utility and narrative.

### BlockSpan and the Future of NFTs

At BlockSpan, our NFT API platform has always aimed to provide comprehensive insights into NFT pricing and trends. With the introduction of ERC-6551, we see a plethora of opportunities to further enhance our offerings. By integrating insights from token-bound accounts, we can provide a more holistic view of an NFT's journey, from its creation to its current state, encompassing all its interactions and transformations.

Moreover, as the NFT space continues to evolve, the importance of accurate pricing and understanding market dynamics becomes paramount. The added layers of interactivity and dynamism brought about by ERC-6551 only emphasize the need for platforms like BlockSpan, which can navigate the complexities of this new era.

### In Conclusion

The world of NFTs is on the cusp of a significant transformation. With the integration of ERC-6551, the boundaries of what NFTs can achieve are being pushed further. As we venture into this exciting new phase, BlockSpan remains committed to providing the tools and insights needed to navigate the ever-evolving NFT landscape.

**Stay ahead of the curve with BlockSpan. Join our community [Discord](https://discord.com/invite/Nqewrjypbp) and sign up for our [newsletter](https://cdn.forms-content.sg-form.com/8c0831bd-c3fb-11ed-bc26-82a53f074d13) to keep up with the latest in NFT valuation and blockchain technology.**

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The digital realm of NFTs (Non-Fungible Tokens) is ever-evolving, and the recent introduction of ERC-6551, or token-bound accounts (TBAs), has set the stage for a transformative shift in how we perceive and interact with these digital assets. At BlockSpan, we've always been at the forefront of NFT innovations, and the potential of ERC-6551 aligns seamlessly with our vision for the future of the NFT ecosystem.


Unlocking the Future of NFTs with ERC-6551 Token-Bound Accounts

The digital age has ushered in a plethora of advancements, with AI-generated music being one of the most intriguing. This technology, while offering groundbreaking avenues for creativity, also presents an existential question for artists: In a world where machines can mimic human creativity, how do musicians assert the authenticity of their craft?

### The Rise of AI-Generated Music

In April 2023, Oana Ruxandra, Warner Music Group's Chief Digital Officer, voiced her enthusiasm for AI-driven music tools. She envisions these tools birthing novel creative expressions and sub-genres, heralding a transformative impact on the music and entertainment sectors. Yet, she also recognized artists' apprehensions about safeguarding their creative integrity and rights.

A testament to the power and potential pitfalls of AI in music was the AI-generated deep-fake track, ["Heart On My Sleeve"](https://www.youtube.com/watch?v=81Kafnm0eKQ). This track, which mimicked the iconic voices of Drake and the Weeknd without their involvement, stirred significant debate and drew Universal Music Group's ire.

Yet, not all reactions to AI in music have been negative. Electropop sensation Grimes, for instance, encouraged fans to craft AI-generated tracks using her vocals, even proposing a 50/50 royalty split, showcasing an innovative approach to AI's challenges.

### NFTs: The Shield of Authenticity

Enter NFTs, or non-fungible tokens. These blockchain-based digital assets are revolutionizing the way we perceive ownership and authenticity in the digital realm. For musicians, tokenizing songs as NFTs isn't just a trend; it's a protective measure. By doing so, they can unequivocally prove that their music is genuine and that they are its original creators. 

Once a song is tokenized as an NFT, it's etched into the blockchain—a decentralized and immutable digital ledger. This ensures that the song remains unaltered, preserving its original essence for posterity.

### Beyond Authenticity: Monetizing Music in the NFT Age

But the benefits of NFTs aren't limited to just authenticity. They also offer musicians a novel way to monetize their art. As unique digital assets, NFTs can be sold, traded, or auctioned on various online platforms. This direct-to-fan model allows artists to bypass traditional intermediaries, fostering a closer bond with their audience. Moreover, it paves the way for innovative revenue streams, ensuring artists can thrive financially in a dynamic industry landscape.

### The Web3 Resonance and AI Music Tools

In the Web3 realm, the fusion of AI with immersive, user-driven experiences in the metaverse is gaining traction. Crypto-native musicians and platforms, such as VNCCII and [PIXELNYX](https://pixelynx.io/), are pioneering this integration, offering fans unprecedented, immersive experiences.

[WarpSound](https://www.warpsound.ai/), an avant-garde AI music platform, intertwines blockchain-based NFTs and digital avatars. Their upcoming API, which crafts music in diverse styles, has garnered attention from industry giants like Mastercard, Tribeca Film Festival, and YouTube.

Furthermore, AI expedites music composition and arrangement for diverse projects, from metaverse events to Web3 video games. Platforms like Riffusion and Soundful empower users to produce music from text cues, while tools like ChatGPT can swiftly churn out song lyrics.

### In Conclusion

The intersection of AI-generated music, NFTs, and Web3 is reshaping the music industry's contours. As AI continues to blur the lines of creativity, NFTs stand as a beacon of authenticity. For musicians navigating this brave new world, tokenizing their work as NFTs is not just a choice—it's a necessity. It's a testament to their originality, a nod to their legacy, and a bridge to innovative monetization avenues.

Want to stay on top of the latest? Join the BlockSpan community [Discord](https://discord.com/invite/Nqewrjypbp) and sign up for our [newsletter](https://cdn.forms-content.sg-form.com/8c0831bd-c3fb-11ed-bc26-82a53f074d13) here.

medium_shutterstock_nfts_music_2147829009_850.jpg

small_shutterstock_nfts_music_2147829009_850.jpg

thumbnail_shutterstock_nfts_music_2147829009_850.jpg

shutterstock_nfts_music_2147829009_850.jpg

In April 2023, Oana Ruxandra, the Chief Digital Officer and Executive Vice President of Business Development at Warner Music Group, expressed her optimism about the potential of AI-driven music tools to revolutionize the music and entertainment industries. She believes that these tools will inspire new forms of creativity and sub-genres. However, Ruxandra also acknowledged the concerns of musicians regarding the protection of their creativity and rights.

Shortly before Ruxandra's interview, an AI-generated deep-fake music track called "Heart On My Sleeve" gained popularity by imitating the voices of Drake and the Weeknd, even though neither artist was involved in its creation. This incident sparked controversy and angered Universal Music Group, the label owner.

Despite the controversy, some musicians have embraced AI technology. For example, electropop musician Grimes invited her fans to create their own AI-generated songs using her voice. She even offered to split royalties 50/50, presenting a creative solution to the challenges posed by AI deep-fakes.

AI music tools have the potential to empower artists by providing new forms of expression and enhancing music production. These tools can help fill technical or intellectual gaps in an artist's abilities and facilitate efficient sound engineering tasks, reducing barriers and time required to release music.
The digital age has ushered in a plethora of advancements, with AI-generated music being one of the most intriguing. This technology, while offering groundbreaking avenues for creativity, also presents an existential question for artists: In a world where machines can mimic human creativity, how do musicians assert the authenticity of their craft?


NFTs, Authenticity, and the AI-Generated Music Revolution

**Pittsburgh, Aug 4, 2023** – BlockSpan, a leading innovator in the NFT data landscape, is thrilled to announce its admission into the Google for Startups Cloud Program with specialized Web3 benefits. This collaboration with Google marks a significant milestone in BlockSpan's commitment to technological excellence, customer-centric innovation, and strategic growth.

**Investment in Product Innovation**

With $200,000 USD in Google Cloud credits, BlockSpan will enhance its NFT APIs, leveraging Google Cloud's cutting-edge technologies. This investment underscores BlockSpan's dedication to providing real-time insights, scalability, and reliability, ensuring that developers, businesses, and investors have access to the most comprehensive and accurate NFT data.

**Exclusive Access to Web3 Community and Resources**

BlockSpan's participation in the program opens doors to Google's Web3 community, including VIP access to global Web3 conferences and hands-on learning labs. These connections will foster collaboration and knowledge exchange, reinforcing BlockSpan's position as a thought leader and trusted partner in the Web3 ecosystem.

**Strategic Growth Opportunities**

The program's exclusive grants, ecosystem funds, and discounts align with BlockSpan's growth strategy, enabling expansion into new markets and strengthening its value proposition. These opportunities resonate with both customers seeking innovative NFT data solutions and investors looking for sustainable growth and value creation.

**A Milestone for BlockSpan's Community**

BlockSpan's admission into the Google for Startups Cloud Program is a significant milestone, reflecting its vision, strategy, and potential. This collaboration with Google marks a promising step forward, reinforcing BlockSpan's position as a driving force in the NFT data landscape. It underscores a shared commitment to technological innovation and excellence, benefiting both customers seeking advanced NFT data solutions and investors recognizing BlockSpan's dedication, commitment to innovation, and promising trajectory.

**About BlockSpan**

Founded by leading enterprise data platform builders in 2022, BlockSpan is a Web3 innovator focused on delivering easy-to-implement API solutions for the blockchain. With the release of the BlockSpan NFT API platform, software companies building on the blockchain have instant access to highly accurate real-time and historical NFT data (and cached media), empowering them to build scalable, cost-efficient apps in just days.

For more information about BlockSpan and its strategic direction, please visit BlockSpan's website at [https://blockspan.com/](https://blockspan.com/).

Pittsburgh, Aug 4, 2023 – BlockSpan, a leading innovator in the NFT data landscape, is thrilled to announce its admission into the Google for Startups Cloud Program with specialized Web3 benefits. This collaboration with Google marks a significant milestone in BlockSpan's commitment to technological excellence, customer-centric innovation, and strategic growth.

BlockSpan Accepted into Google for Web3 Startups Cloud Program

### Introduction: The Digital Gold Rush

The world of non-fungible tokens (NFTs) is akin to a digital gold rush, where collectors and creators are flocking to stake their claim. From digital art to virtual real estate, NFTs have opened up a new frontier of ownership and investment. However, just like the gold rushes of old, this new landscape is fraught with danger, deception, and scams. Here's a comprehensive guide to help you navigate these treacherous waters and protect your digital treasures.

### The Allure of NFTs: A Double-Edged Sword

NFTs have become a symbol of status, creativity, and community engagement. They offer a unique blend of ownership, exclusivity, and potential financial gain. But this allure also makes them a prime target for scammers. Understanding the common traps is the first step in safeguarding your investments.

### Common NFT Scams and How to Dodge Them

**1. Phishing Attacks: The Bait and Switch**

**The Scam**: Fake websites or pop-ups that mimic legitimate platforms to steal your private keys or seed phrases.

**How to Avoid**: Bookmark legitimate sites and always navigate to them directly. Never enter sensitive information through links in emails or social media messages.
**2. Fake Personas and Catfishing: The Celebrity Mirage**

**The Scam**: Impersonation of famous artists or influencers to promote fraudulent projects.

**How to Avoid**: Verify the identity of individuals through their official social media channels. Be skeptical of unsolicited messages and offers.
**3. Pump-and-Dump Schemes: The False Goldmine**

**The Scam**: Artificially inflating the value of an NFT, only to sell off once the price peaks, leaving others with worthless assets.

**How to Avoid**: Research the project's history, community engagement, and the distribution of ownership. Avoid projects that seem too good to be true.

**4. Counterfeit Artwork: The Art Thief's Playground**

**The Scam**: Selling plagiarized or counterfeit digital art as original creations.

**How to Avoid**: Look for verified artists and ask for proof of authenticity. Engage with the community to gauge the reputation of the artist or project.

**5. Bidding Scams: The Currency Switcheroo**

**The Scam**: Changing the currency at the last moment during a bid, leading to unexpected losses.

**How to Avoid**: Always double-check the currency and terms before finalizing a transaction.

### Building a Safety Net: Best Practices

- **Educate Yourself**: Knowledge is power. Stay updated on the latest trends, technologies, and potential risks.
- **Engage with Communities**: Join reputable NFT communities and forums. Learn from experienced collectors and creators.
- **Use Secure Wallets**: Opt for well-known and secure digital wallets. Protect your private keys and seed phrases.
- **Verify Before You Buy**: Always verify the authenticity of the NFT, the platform, and the seller.
- **Think Before You Click**: Be cautious with links, especially those received through emails or social media.

### Conclusion: Navigating with Caution and Confidence

The NFT landscape is as exciting as it is complex. While the opportunities are vast, the risks are real. By understanding the common scams and adopting a vigilant approach, you can explore this digital frontier with confidence.

Remember, in the world of NFTs, not all that glitters is gold. But with careful navigation, due diligence, and a community-driven approach, you can unearth genuine treasures and enjoy a rewarding journey in the ever-evolving universe of non-fungible tokens. Happy treasure hunting! 🚀🎨💎

Want to stay on top of the latest? Join the BlockSpan community [Discord](https://discord.com/invite/Nqewrjypbp) and sign up for the [newsletter](https://cdn.forms-content.sg-form.com/8c0831bd-c3fb-11ed-bc26-82a53f074d13) here.

medium_shutterstock_nft_safe_2103412190_850.jpg

small_shutterstock_nft_safe_2103412190_850.jpg

thumbnail_shutterstock_nft_safe_2103412190_850.jpg

shutterstock_nft_safe_2103412190_850.jpg

The world of non-fungible tokens (NFTs) is akin to a digital gold rush, where collectors and creators are flocking to stake their claim. From digital art to virtual real estate, NFTs have opened up a new frontier of ownership and investment. However, just like the gold rushes of old, this new landscape is fraught with danger, deception, and scams. Here's a comprehensive guide to help you navigate these treacherous waters and protect your digital treasures.

A Comprehensive Guide to Avoiding NFT Scams

### A STEP-BY-STEP GUIDE TO BUILDING AN NFT OWNERSHIP HISTORY TRACKER WITH BLOCKSPAN API AND REACTJS

In the fast-evolving landscape of Non-Fungible Tokens (NFTs), traceability and transparency are paramount. Ownership history plays a crucial role in establishing an NFT's authenticity and value. To help developers build applications that facilitate this, Blockspan offers robust APIs. In this post, we'll guide you through building an NFT Ownership History Tracker using Blockspan's API and ReactJS.

The Importance of Tracking NFT Ownership
Ownership tracking in the NFT ecosystem provides a clear picture of an asset's provenance. It assures potential buyers about the authenticity of the NFT, deters fraudulent activities, and enhances overall transparency. 


### PREREQUISITES:

Before we begin, ensure you have the following:

- Node.js and npm installed
- A basic understanding of ReactJS and JavaScript
- A Blockspan API key


### STEP 1: SETTING UP THE REACT APP

First, let's create a new React application. Open your terminal and run:

`npx create-react-app nft-ownership-history`

This command will create a new React application named "nft-ownership-history".
Navigate into the new directory:

`cd nft-ownership-history`


### STEP 2: INSTALL AXIOS

We will use Axios, a promise-based HTTP client for the browser and Node.js, to make requests to the Blockspan API. To install Axios, run the following command:

`npm install axios`

### STEP 3: CREATING THE NFT DISPLAY COMPONENT

Now we're going to create the component that displays the NFT's details. 

Create a file called **NFTDisplay.js** in the **src** directory and add the following code:

```javascript
import React, { useState } from 'react';
import axios from 'axios';

const NFTDisplay = ({ nft , error }) => {
  if (nft === null) {
    return null;
  }
  if (!nft) {
    return (
      <div className='errorMessage'>
        {error}
      </div>
    );
  }
  return (
    <div className='nftData'>
      <h2>{nft.name}</h2>
      <div className='imageContainer'>
        {nft.cached_images && nft.cached_images.medium_500_500 ? (
          <img
            className='image'
            src={nft.cached_images.medium_500_500}
            alt={nft.name}
          />
        ) : (
          <div className='message'>Image not available.</div>
        )}
      </div>
      <p className='message'>
        Id: {checkData(nft.id)} | Token Name: {checkData(nft.token_name)} |{' '}
        Rarity: {checkData(nft.rarity_rank)} | Recent Price USD:{' '}
        {nft.recent_price && nft.recent_price.price_usd
          ? parseFloat(nft.recent_price.price_usd).toFixed(2)
          : 'N/A'} | Recent Price Native Currency:{' '}
        {nft.recent_price && nft.recent_price.price
          ? `${parseFloat(nft.recent_price.price).toFixed(5)} ${
              nft.recent_price.price_currency
            }`
          : 'N/A'}
      </p>
    </div>
  );
};

const NFTTable = ({ transfers }) => {
  if (!transfers) return null;
  return (
    <div className='tableContainer'>
      <table>
        <thead>
          <tr style={{ backgroundColor: '#f2f2f2' }}>
            <th>From</th>
            <th>To</th>
            <th>Transfer Type</th>
            <th>Block Timestamp</th>
            <th>Quantity</th>
          </tr>
        </thead>
        <tbody>
          {transfers.map((transfer, index) => (
            <tr
              key={index}
              style={{
                backgroundColor: index % 2 === 0 ? '#f2f2f2' : 'white',
              }}
            >
              <td>{checkData(transfer.from_address)}</td>
              <td>{checkData(transfer.to_address)}</td>
              <td>{checkData(transfer.transfer_type)}</td>
              <td>{checkData(transfer.block_timestamp)}</td>
              <td>{checkData(transfer.quantity)}</td>
            </tr>
          ))}
        </tbody>
      </table>
    </div>
  );
};

const checkData = (data) => (data ? data : 'N/A');

const Wrapper = () => {
  const [contractAddress, setContractAddress] = useState('');
  const [blockchain, setBlockchain] = useState('eth-main');
  const [tokenId, setTokenId] = useState('');
  const [loading, setLoading] = useState(false);
  const [nft, setNFT] = useState(null);
  const [transfers, setTransfers] = useState(null);
  const [error, setError] = useState(null)

  const API_KEY = 'YOUR_BLOCKSPAN_API_KEY';

  const getAllTransfers = async (contractAddress, tokenId, blockchain) => {
    const options = {
      method: 'GET',
      url: `https://api.blockspan.com/v1/transfers/contract/${contractAddress}/token/${tokenId}?chain=${blockchain}&page_size=25`,
      headers: {
        accept: 'application/json',
        'X-API-KEY': API_KEY,
      },
    };
  
    try {
      const response = await axios.request(options);
      return response.data.results;
    } catch (error) {
      error.response.status === 401 ?
        setError('Invalid blockspan API key!') :
        setError('Error: Verify that chain, contract address, and token ID are all valid!')
      console.error(error)
    }
  };
  
  const getSingleNFT = async (contractAddress, tokenId, blockchain) => {
    const options = {
      method: 'GET',
      url: `https://api.blockspan.com/v1/nfts/contract/${contractAddress}/token/${tokenId}?chain=${blockchain}`,
      headers: {
        accept: 'application/json',
        'X-API-KEY': API_KEY,
      },
    };
    try {
      const response = await axios.request(options);
      return response.data;
    } catch (error) {
      error.response.status === 401 ?
        setError('Invalid blockspan API key!') :
        setError('Error: Verify that chain, contract address, and token ID are all valid!')
      console.error(error)
    }
  };

  const fetchData = async () => {
    setLoading(true);
    try {
      const nftData = await getSingleNFT(contractAddress, tokenId, blockchain);
      setNFT(nftData);
      const transfersData = await getAllTransfers(
        contractAddress,
        tokenId,
        blockchain
      );
      setTransfers(transfersData);
    } catch (error) {
      console.error('Error fetching data:', error);
    } finally {
      setLoading(false);
    }
  };

  const handleBlockchainChange = (event) => {
    setBlockchain(event.target.value);
  };

  return (
    <div>
      <h1 className='title'>NFT Ownership History</h1>
      <p className='message'>
        Select a chain and input contract address and NFT token ID below to see
        the ownership history of the NFT.
      </p>
      <div className='inputContainer'>
        <select
          name='blockchain'
          value={blockchain}
          onChange={handleBlockchainChange}
        >
          <option value='eth-main'>eth-main</option>
          <option value='arbitrum-main'>arbitrum-main</option>
          <option value='optimism-main'>optimism-main</option>
          <option value='poly-main'>poly-main</option>
          <option value='bsc-main'>bsc-main</option>
          <option value='eth-goerli'>eth-goerli</option>
        </select>
        <input
          type='text'
          placeholder='Contract Address'
          onChange={(e) => setContractAddress(e.target.value)}
        />
        <input
          type='text'
          placeholder='Token ID'
          onChange={(e) => setTokenId(e.target.value)}
        />
        <button onClick={fetchData}>View Ownership History</button>
      </div>
      <>
        {loading ? (
          <div className='message'>Loading...</div>
        ) : (
          <>
            <NFTDisplay nft={nft} error={error}/>
            <NFTTable transfers={transfers} />
          </>
        )}
      </>
    </div>
  );
};

export default Wrapper;

```

Don't forget to replace **YOUR_BLOCKSPAN_API_KEY** with your actual Blockspan API key!

### STEP 4: UPDATING THE STYLES WITHIN CSS FILE

To enhance the user interface in the browser, replace all code in the **App.css** file with the following:

```javascript
.App {
  display: flex;
  justify-content: center;
  align-items: center;
  flex-direction: column;
  min-height: 100vh;
  overflow-y: auto;
}

.title {
  margin-top: 20px;
  margin-bottom: 0;
  text-align: center;
}

.errorMessage {
  text-align: center;
  color: red;
  font-weight: bold;
}

.message {
  text-align: center;
}

.image {
  display: flex;
  justify-content: center;
  align-items: center;
}

.inputContainer {
  display: flex;
  justify-content: center;
  gap: 10px;
  margin-bottom: 20px;
}

.inputContainer input {
  padding: 10px;
  font-size: 1em;
  width: 200px;
}

.inputContainer button {
  padding: 10px;
  font-size: 1em;
  background-color: #007BFF;
  color: white;
  border: none;
  cursor: pointer;
}

.inputContainer button:hover {
  background-color: #0056b3;
}

.imageContainer {
  display: flex;
  justify-content: center;
  width: 100%; 
}

.imageContainer img {
  width: 100%; 
  max-width: 500px;
  height: auto; 
}
.nftData {
  display: flex;
  flex-direction: column;
  align-items: center;
  margin-top: 20px;
}

.nftData .image {
  display: flex;
  justify-content: center;
  align-items: center;
}

.nftData h2 {
  margin: 10px 0;
}

.nftData p {
  font-size: 1.2em;
  font-weight: bold;
}

td {
  padding: 10px;
  text-align: left;
}

th {
  padding: 10px;
  text-align: left;
}

.tableContainer {
  display: flex;
  justify-content: center;
}
```

### STEP 5: INTEGRATING COMPONENTS IN THE APP

Finally, let's use the **Wrapper** component in our main **App** component.

Open **App.js** and modify it as follows:

```javascript
import React from 'react';
import Wrapper from './NFTDisplay';
import './App.css';

function App() {
  return (
    <div className="App">
      <Wrapper/>
    </div>
  );
}

export default App;

```

Now, start the app with the following command:

`npm start`

You should now see the following:
- A drop down menu to select a blockchain
- Text boxes for contract address and token id
- A view ownership history button

Input the data of the NFT you want to track, and click the view ownership history button. You should then see an image of the NFT and a table with the NFT ownership history. 

All of the code is available for your convenience at:
[https://github.com/BlockSpan/tutorials-nft-ownership-history](https://github.com/BlockSpan/tutorials-nft-ownership-history)

That's it! You've built an NFT ownership history tracker using Blockspan API and ReactJS! This is a simple example, but with the power of Blockspan API, you can build even more comprehensive and interactive NFT explorers. Happy coding!


### CONCLUSION AND NEXT STEPS

In this tutorial, we've built an NFT ownership history tracker using Blockspan API and ReactJS. We've used the "get single NFT" and "get all transfers of NFT" API endpoints provided by Blockspan to fetch detailed information about an NFT and its transfer history.

Although this is a simple example, it demonstrates how powerful Blockspan API can be when building applications related to blockchain and NFTs. You could extend this application to include more features, such as searching for NFTs by different parameters, displaying additional NFT details, or creating a more interactive UI for browsing transfer history.

large_Blockspan_linkedin_cover.PNG

medium_Blockspan_linkedin_cover.PNG

small_Blockspan_linkedin_cover.PNG

thumbnail_Blockspan_linkedin_cover.PNG

Blockspan_linkedin_cover.PNG


In the fast-evolving landscape of Non-Fungible Tokens (NFTs), traceability and transparency are paramount. Ownership history plays a crucial role in establishing an NFT's authenticity and value. To help developers build applications that facilitate this, Blockspan offers robust APIs. In this post, we'll guide you through building an NFT Ownership History Tracker using Blockspan's API and ReactJS.

The Importance of Tracking NFT Ownership
Ownership tracking in the NFT ecosystem provides a clear picture of an asset's provenance. It assures potential buyers about the authenticity of the NFT, deters fraudulent activities, and enhances overall transparency.

Tutorial: NFT Ownership History

As the digital realm evolves, non-fungible tokens (NFTs) have emerged as a revolutionary frontier, reshaping our understanding of value and ownership. This surge in popularity has brought with it a maze of complexities, particularly in pricing these unique digital assets. Relying solely on NFT marketplaces or exchanges can provide an incomplete picture due to the vast volume of transactions occurring outside these platforms. Moreover, deciphering transaction prices from blockchain data presents its own set of challenges. BlockSpan's NFT API Platform steps in to address these complexities, offering a comprehensive solution for accurate NFT pricing.

### Navigating the NFT Marketplace
Imagine a bustling marketplace, teeming with traders, collectors, and creators, all dealing in a myriad of NFTs. Now, add to this scene a plethora of transactions occurring outside the marketplace, and you have a dynamic, ever-changing ecosystem that is as exciting as it is challenging to navigate. This is where BlockSpan steps in, wielding the power of advanced algorithms to cut through the chaos and deliver precise NFT pricing data.

```javascript
{
"contract_address": "0x3bf99d504e67a977f88b417ab68d34915f3a1209", 
"id": "1042903", 
"hash": "0x496b66fe7b5283f0af730a5f43289a2b6dcdccb195653e24a236b52e8bec585a",
"hash_nft_count": "1",
"from_address": "0x36afaa72178efea27697703eed464ed5773ce9f4",
"to_address": "0x0b0556b56b1c8f265a737b7148f3372d6c8d47d7",
"date": "2022-09-26T20:17:59.000Z",
"quantity": "1",
"price": "1725",
"price_currency": "DAI",
"price_usd": "1724.88355834770006",
"price_native": "1.30300709703248114278"
}
```

BlockSpan's solution is akin to a master key, unlocking the intricate world of blockchain transaction activity. It delves into the heart of the blockchain, parsing through internal contract activity and ERC20 token transfers to provide a comprehensive and accurate picture of NFT pricing.

### The Price Object
The Price Object, a cornerstone of BlockSpan's system, is a treasure trove of information. It distills the complexity of NFT token transfers into four essential fields: hash_nft_count, price, price_currency, and price_usd. These fields provide a snapshot of the transaction, including the number of NFT token transfers, the sale price in the original currency, the currency used for the transaction, and the equivalent sale price in USD at the time of the transaction.

```javascript
{
"hash_nft_count": "1",
"price": "1725",
"price_currency": "DAI",
"price_usd": "1724.88355834770006"
}
```
BlockSpan's system is designed to handle a wide array of transactions. However, in the rare instances where accurate pricing attribution is not possible, the system returns null, ensuring that the integrity of the data is maintained.

### Tokens and Transfers Endpoints
The BlockSpan platform also offers a suite of Tokens and Transfers endpoints. These endpoints return pricing data when the algorithms can correctly attribute it, providing a comprehensive view of NFT pricing. The currency array and erc20_transfers array provide additional insights into the tokens exchanged during the transaction, including both native and ERC20 tokens.


```javascript
{ 
"currency":  [ "ETH", "MATIC", "APE", "CHI", "COVAL", "CRO", "DAI", "ENJ", "GALA", "LINK", "QUICK", "SAND", "SHIB", "SUSHI", "USDC", "USDT", "WBTC", "WETH", "WMATIC" ],
"erc20_transfers": [ // additional ERC20 tokens ]
}
```

In addition to ETH and MATIC, BlockSpan recognizes a host of major currencies including APE, CHI, COVAL, CRO, DAI, ENJ, GALA, LINK, QUICK, SAND, SHIB, SUSHI, USDC, USDT, WBTC, WETH, and WMATIC. This list continues to grow, reflecting the dynamic nature of the NFT marketplace.

### Final Thoughts
In conclusion, BlockSpan's NFT API Platform offers a powerful solution for navigating the complex world of NFT pricing. Whether you're a seasoned developer or a newcomer to the world of NFTs, BlockSpan provides the tools and insights you need to build robust applications and make informed decisions.

For more information, join the BlockSpan community on Discord and sign up for our newsletter. Embark on this exciting journey with us and unlock the secrets of NFT pricing!


medium_shutterstock_nft_prices_1938872662_850.jpg

small_shutterstock_nft_prices_1938872662_850.jpg

thumbnail_shutterstock_nft_prices_1938872662_850.jpg

shutterstock_nft_prices_1938872662_850.jpg

As the digital realm evolves, non-fungible tokens (NFTs) have emerged as a revolutionary frontier, reshaping our understanding of value and ownership. This surge in popularity has brought with it a maze of complexities, particularly in pricing these unique digital assets. Relying solely on NFT marketplaces or exchanges can provide an incomplete picture due to the vast volume of transactions occurring outside these platforms. Moreover, deciphering transaction prices from blockchain data presents its own set of challenges. BlockSpan's NFT API Platform steps in to address these complexities, offering a comprehensive solution for accurate NFT pricing.

Master NFT Pricing with BlockSpan's NFT API Platform




### HOW TO USE THE BLOCKSPAN API TO CREATE YOUR PERSONAL NFT PORTFOLIO TRACKER

Blockspan is a leading provider of NFT API services, enabling developers to easily interact with the world of non-fungible tokens (NFTs). NFTs represent ownership of a unique item or piece of content on the blockchain. A personal NFT portfolio tracker is an invaluable tool for monitoring the value and transactions of your NFTs.


### REQUIREMENTS:
- Node.js and npm installed on your system.
- Basic knowledge of React.js
- Blockspan API key


### STEP 1: SET UP YOU REACT APPLICATION

First, you'll need to set up your React application. If you already have a React application set up, you can skip this step.
```javascript
npx create-react-app personal-nft-portfolio-tracker
cd personal-nft-portfolio-tracker
```
This will create a new React application named **personal-nft-portfolio-tracker** and navigate into the new directory.

### STEP 2: INSTALL AXIOS

We'll be using Axios to send HTTP requests to the Blockspan API. Install it with the following command:
```javascript
npm install axios
```
### STEP 3: CREATE YOUR REACT COMPONENT

Next, you'll need to create a React component that uses the Blockspan API to fetch portfolio data. Create a new file in the **src** directory called **NFTPortfolioTracker.js** and include the following code:

```javascript
import React, { useState } from 'react';
import axios from 'axios';
import './App.css';

const NFTPortfolioTracker = () => {
  const [blockchain, setBlockchain] = useState('eth-main');
  const [nfts, setNfts] = useState(null);
  const [address, setAddress] = useState('');
  const [error, setError] = useState(null);

  const fetchNFTs = async () => {
    const options = {
      method: 'GET',
      url: `https://api.blockspan.com/v1/nfts/owner/${address}?chain=${blockchain}&include_nft_details=true&cursor=7&page_size=20`,
      headers: { accept: 'application/json', 'X-API-KEY': 'YOUR_BLOCKSPAN_API_KEY' },
    };

    try {
      const response = await axios.request(options);
      setNfts(response.data.results);
      setError(null);
    } catch (error) {
      setNfts(null);
      setError('Error: Verify that chain and wallet address are valid!');
    }
  };

  const handleBlockchainChange = (event) => {
    setBlockchain(event.target.value);
  };

  const checkData = (data) => (data ? data : 'N/A');

  return (
    <div>
      <h1 className="title">NFT Portfolio Tracker</h1>
      <p className="message">
        Select a chain and input a wallet address below to see what NFTs that wallet owns on that chain.
      </p>
      <div className="inputContainer">
        <select name="blockchain" value={blockchain} onChange={handleBlockchainChange}>
          <option value="eth-main">eth-main</option>
          <option value="arbitrum-main">arbitrum-main</option>
          <option value="optimism-main">optimism-main</option>
          <option value="poly-main">poly-main</option>
          <option value="bsc-main">bsc-main</option>
          <option value="eth-goerli">eth-goerli</option>
        </select>
        <input type="text" placeholder="Wallet Address" onChange={(e) => setAddress(e.target.value)} />
        <button onClick={fetchNFTs}>View Portfolio</button>
      </div>
      {error ? (
        <p className="errorMessage">{error}</p>
      ) : (
        nfts && (
          <table>
            <thead>
              <tr style={{ backgroundColor: '#f2f2f2' }}>
                <th>Token Name</th>
                <th>Id</th>
                <th>Token Type</th>
                <th>Contract Address</th>
                <th>Image</th>
              </tr>
            </thead>
            <tbody>
              {nfts.map((nft, index) => (
                <tr key={index} style={{ backgroundColor: index % 2 === 0 ? '#f2f2f2' : 'white' }}>
                  <td>{checkData(nft.nft_details.token_name)}</td>
                  <td>{checkData(nft.id)}</td>
                  <td>{checkData(nft.token_type)}</td>
                  <td>{checkData(nft.contract_address)}</td>
                  <td>
                    <div className="imageContainer">
                      {nft.nft_details.cached_images && nft.nft_details.cached_images.medium_500_500 ? (
                        <img 
                          className="image" 
                          src={nft.nft_details.cached_images.medium_500_500} 
                          alt={nft.nft_details.name}/>
                      ) : (
                        <div className='message'>
                          Image not available.
                        </div>
                      )}
                    </div>
                  </td>
                </tr>
              ))}
            </tbody>
          </table>
        )
      )}
    </div>
  );
};

export default NFTPortfolioTracker;

```

Remember to replace **YOUR_BLOCKSPAN_API_KEY** with your actual Blockspan API key.


### STEP 4: UPDATING THE STYLES WITHIN CSS FILE

To enhance the user interface in the browser, replace all code in the App.css file with the following:

```javascript
.App {
  display: flex;
  justify-content: center;
  align-items: center;
  flex-direction: column;
  min-height: 100vh;
  overflow-y: auto;
}

.title {
  margin-top: 20px;
  margin-bottom: 0;
  text-align: center;
}

.errorMessage {
  text-align: center;
  color: red;
  font-weight: bold;
}

.message {
  text-align: center;
}

.image {
  display: flex;
  justify-content: center;
  align-items: center;
}

.inputContainer {
  display: flex;
  justify-content: center;
  gap: 10px;
  margin-bottom: 20px;
}

.inputContainer input {
  padding: 10px;
  font-size: 1em;
  width: 200px;
}

.inputContainer button {
  padding: 10px;
  font-size: 1em;
  background-color: #007BFF;
  color: white;
  border: none;
  cursor: pointer;
}

.inputContainer button:hover {
  background-color: #0056b3;
}

.imageContainer {
  display: flex;
  justify-content: center;
  width: 100%; 
}

.imageContainer img {
  width: 100%; 
  max-width: 100px;
  height: auto; 
}
.nftData {
  display: flex;
  flex-direction: column;
  align-items: center;
  margin-top: 20px;
}

.nftData .image {
  display: flex;
  justify-content: center;
  align-items: center;
}

.nftData h2 {
  margin: 10px 0;
}

.nftData p {
  font-size: 1.2em;
  font-weight: bold;
}

td {
  padding: 10px;
  text-align: left;
}

th {
  padding: 10px;
  text-align: left;
}

.tableContainer {
  display: flex;
  justify-content: center;
}

```


### STEP 5: INTEGRATING COMPONENTS IN THE APP

Finally, let's use the **NFTPortfolioTracker** component in our main **App** component.

Open App.js and modify it as follows:

```javascript
import React from 'react';
import NFTPortfolioTracker from './NFTPortfolioTracker.js';

function App() {

  return (
    <div className="App">
      <NFTPortfolioTracker/>
    </div>
  );
}

export default App;
```

Now, start the app with the following command:

```javascript
npm start
```


You should now see the following:

- A drop down menu to select a blockchain
- A text box for wallet address
- A view portfolio button

Input the wallet address you wish to see the portfolio of, and click the view portfolio button. You should then see a table with all the NFTs owned by that wallet.

All of the code is available for your convenience at:
[https://github.com/BlockSpan/tutorials-personal-nft-portfolio-tracker](https://github.com/BlockSpan/tutorials-personal-nft-portfolio-tracker)

That's it! You've built a personal NFT portfolio tracker using Blockspan API and ReactJS! This is a simple example, but with the power of Blockspan API, you can build even more comprehensive and interactive NFT explorers. Happy coding!!


Blockspan is a leading provider of NFT API services, enabling developers to easily interact with the world of non-fungible tokens (NFTs). NFTs represent ownership of a unique item or piece of content on the blockchain. A personal NFT portfolio tracker is an invaluable tool for monitoring the value and transactions of your NFTs.


Tutorial: Personal NFT Portfolio Tracker

Bitcoin Ordinals, often likened to Bitcoin's version of NFTs (Non-Fungible Tokens), have been making waves in the cryptocurrency space. With the introduction of the new BRC-69 standard, the landscape of data inscription on the Bitcoin blockchain is set to change dramatically. This article delves into the technicalities and implications of this new standard, particularly in the context of NFTs.

### What are Bitcoin Ordinals and How Do They Relate to NFTs?

Bitcoin Ordinals allow for non-financial data to be stored on the Bitcoin blockchain. They are similar to NFTs, which have gained popularity on other blockchains like Ethereum. NFTs represent ownership of a unique item, often digital art or collectibles, and are stored on a blockchain. Bitcoin Ordinals function similarly, allowing users to inscribe data such as images or text onto the Bitcoin blockchain, effectively creating NFTs on Bitcoin. Before the introduction of BRC-69, Ordinals had a 4-megabyte limit on what could be inscribed on Bitcoin. This limitation often resulted in high transaction fees and a bloated blockchain.

### Introducing BRC-69

The BRC-69 standard, launched on July 3, 2023, brings an innovative way to reduce the time and cost associated with making an inscription on the Bitcoin blockchain. It achieves this through a mechanism known as "recursive inscriptions."

#### Recursive Inscriptions

Recursive inscriptions allow users to extract data from existing inscriptions and use them to create new ones. This is a game-changing feature as it effectively bypasses the previous 4-megabyte limit on data inscriptions. According to the protocol’s GitHub, the BRC-69 token standard is a way of recycling data already inscribed and reducing the current cost by more than 90%.

The process of recursive inscriptions involves four steps:
1. Inscriptions of the images on-chain.
2. Deployment of the BRC-69 collection.
3.  Compilation of the token standard, where the Recursive Inscription points back to the initial deployment to render the asset.
4.  Mint operation where indexes of the traits point back to the compilation, and Recursive Inscriptions automatically inscribe the data on-chain while reducing costs.
 
This mechanism is akin to creating an internal internet within the Bitcoin blockchain, where every file can request data from other files. It is still unclear how this will be used, but it is undoubtedly an important moment in the history of Bitcoin.

#### Implications and Use Cases for NFTs

One of the immediate implications of recursive inscriptions is the reduction in cost and time associated with inscribing data on the Bitcoin blockchain. This is particularly important for creators and developers who wish to launch innovative ideas on the Bitcoin blockchain, including NFTs.

Furthermore, the BRC-69 standard does not deal with fungibility, unlike the BRC-20 token standard. Instead, it aims to achieve 90% block space optimization through recursive inscriptions. This is expected to resolve the issue of block clogging on the network due to higher demand, especially from NFT creators.

For NFTs, this means that artists and creators can now mint NFTs on the Bitcoin blockchain with greater ease and at a lower cost. This could potentially lead to a surge in the creation of NFTs on Bitcoin, which has historically been more associated with value storage rather than NFTs.

### The Future of Bitcoin Ordinals and NFTs

With the introduction of BRC-69, the Bitcoin Ordinals space is expected to see a surge in activity, particularly in the NFT sector. The standard enhances the efficiency of Bitcoin block space utilization and

allows for more complex and larger data sets to be inscribed on the blockchain.

As the number of inscriptions continues to rise, nearing the 15 million range, the integration of BRC-69 is seen as a major objective for the Ordinals community. It is expected to open up new avenues for innovation and creativity on the Bitcoin blockchain, especially for NFT artists and collectors.

Moreover, as NFTs continue to gain popularity in the mainstream, the ability to create them on the Bitcoin blockchain could attract a new audience. This includes artists, collectors, and investors who are already familiar with Bitcoin but have not yet ventured into the NFT space.

In conclusion, the BRC-69 standard represents a significant leap forward in the capabilities of Bitcoin Ordinals and the creation of NFTs on the Bitcoin blockchain. By enabling recursive inscriptions, it not only reduces costs but also expands the possibilities for data inscription on the Bitcoin blockchain. This innovation is likely to attract more creators and developers to the space, fostering a new era of innovation on the Bitcoin blockchain and potentially making it a formidable competitor in the NFT market.


medium_shutterstock_2300299955_850.jpg

small_shutterstock_2300299955_850.jpg

thumbnail_shutterstock_2300299955_850.jpg

shutterstock_2300299955_850.jpg

Bitcoin Ordinals, often likened to Bitcoin's version of NFTs (Non-Fungible Tokens), have been making waves in the cryptocurrency space. With the introduction of the new BRC-69 standard, the landscape of data inscription on the Bitcoin blockchain is set to change dramatically. This article delves into the technicalities and implications of this new standard, particularly in the context of NFTs.

Bitcoin Ordinals: A Revolution in Data Inscription and NFTs with BRC-69

In the rapidly evolving world of digital assets, NFTs or Non-fungible Tokens have taken center stage. As an enthusiast, developer, or someone who's just curious, you might be wondering how to get your hands on all the rich data that surrounds NFTs. Look no further! Blockspan API is your gateway to the NFT universe. In this beginner’s guide, we will walk you through the process of setting up your development environment, authenticating with the API, and making your first API calls to fetch basic information about NFTs.

### What is Blockspan API?

Blockspan API is a powerful tool that lets developers query a myriad of information about NFTs, including ownership history, metadata, and sales data. It aims to make the process of interacting with blockchain data as seamless as possible.

### Setting Up Your Development Environment

Before we dive into querying the API, let’s ensure you have the right tools and environment ready.

_**Prerequisites:**_
- A modern web browser
- A text editor (e.g., Visual Studio Code, Atom, Sublime Text)
- Basic understanding of JavaScript
- A Blockspan API account

#### Step 1: Sign Up for a Blockspan Account
Head over to the Blockspan website and sign up for an account. This will give you access to the API key, which is essential for making authenticated requests to the API.

#### Step 2: Set Up Your Text Editor
Ensure your text editor is set up and ready to go. For this guide, we’ll use JavaScript, so make sure your editor supports it.

#### Step 3: Install Node.js
We will use Node.js for this tutorial. Head over to Node.js website and download the latest stable version. Installation is straightforward, just follow the prompts.

### Authenticating with the API

Now that your environment is set up, let’s authenticate with the Blockspan API.

#### Step 1: Retrieve Your API Key
Log in to your Blockspan account and head to the API section to retrieve your API key.

#### Step 2: Set Up Authentication in Your Code
Create a new JavaScript file (e.g., blockspan.js). Start by importing the required module and setting up your API key:

```javascript
  const axios = require('axios');
    const API_KEY = 'YOUR_API_KEY';
```

Replace 'YOUR_API_KEY' with the API key you retrieved from your Blockspan account.

### Making Your First API Call

Let's get to the exciting part - making your first API call!

#### Step 1: Set Up the API Endpoint
In your JavaScript file, specify the endpoint you want to query. For example, let's fetch information about a specific NFT:

```javascript
const endpoint = 'https://api.blockspan.com/nft/{NFT_ID}';
```
Replace {NFT_ID} with the ID of the NFT you want to query.

#### Step 2: Make the API Call

Use axios to make a GET request to the API endpoint, and print the response to the console:

```javascript
axios.get(endpoint, {
  headers: {
    'Authorization': `Bearer ${API_KEY}`
  }
}).then(response => {
  console.log(response.data);
}).catch(error => {
  console.error(error);
});
```

#### Step 3: Run Your Script
Run your script using Node.js:
```
node blockspan.js
```
You should see the data about the NFT printed in your console!

### Congratulations! 
 You've made your first steps into the world of NFT data querying with Blockspan API. As you get more comfortable,explore the different endpoints and options available in the API documentation to perform more complex queries and analyses. Blockspan API offers a plethora of possibilities, including tracking ownership changes, analyzing market trends, and much more. The world of NFTs is vast and exciting, and with tools like Blockspan API, you are well-equipped to dive in headfirst.

Don't forget to follow best practices, such as keeping your API key secure and handling errors gracefully in your code. As you grow more proficient, consider contributing to the community by sharing your projects or even developing tools that leverage Blockspan API for the betterment of the NFT ecosystem.

Happy coding, and may your journey through the NFT data universe be enlightening and rewarding! 🚀🌌


In the rapidly evolving world of digital assets, NFTs or Non-fungible Tokens have taken center stage. As an enthusiast, developer, or someone who's just curious, you might be wondering how to get your hands on all the rich data that surrounds NFTs. Look no further! Blockspan API is your gateway to the NFT universe. In this beginner’s guide, we will walk you through the process of setting up your development environment, authenticating with the API, and making your first API calls to fetch basic information about NFTs.


BlockSpan API Tutorial: A Beginner’s Guide to Querying NFT Data

GameStop, a prominent game retailer listed on the NYSE under the symbol GME, has joined forces with [The Telos Foundation](https://www.telos.net/), the organization responsible for Telos, a layer 1 blockchain, in order to expand its Web3 gaming offerings.

Under this partnership, GameStop's forthcoming Web3 game launchpad, [Playr](https://playr.gamestop.com/), will be connected with Web3 games that utilize Telos' decentralized blockchain infrastructure. This collaboration aims to create new opportunities for mainstream gaming distribution.

In a press release, AJ Dinger, the head of business development at the Telos Foundation, emphasized that this collaboration will facilitate the onboarding of new users to the Web3 gaming ecosystem by leveraging Telos' robust network.

Dinger stated, "We anticipate that this collaboration will significantly contribute to the growth of Web3 adoption. By integrating GameStop Playr with Web3 games that utilize Telos' high-performance blockchain infrastructure, we can overcome various obstacles that currently deter Web2 players from embracing Web3."

Following the announcement, Telos' native token, TLOS, experienced a temporary 10% increase in value before stabilizing.

GameStop has been gradually shifting its focus away from traditional brick-and-mortar strategies towards a digital expansion, including ventures into Web3 gaming. In February 2022, the company revealed a [partnership with Immutable X](https://www.coindesk.com/business/2022/02/03/gamestop-taps-immutable-x-for-nft-marketplace-launches-100m-gaming-fund/), a layer 1 blockchain, to establish a marketplace for trading in-game assets using non-fungible tokens (NFTs). 

After operating as a public beta since July, the marketplace officially launched to the public in October 2022. Additionally, GameStop introduced its self-custodial cryptocurrency and NFT wallet in May 2022.

### Final Thoughts

Want to stay on top of the latest? Join the knowledgeable community Discord and sign up for the BlockSpan NFT API newsletter here. 




medium_shutterstock_772373164_web3_gaming_850.jpg

small_shutterstock_772373164_web3_gaming_850.jpg

thumbnail_shutterstock_772373164_web3_gaming_850.jpg

shutterstock_772373164_web3_gaming_850.jpg

GameStop, a prominent game retailer listed on the NYSE under the symbol GME, has joined forces with The Telos Foundation, the organization responsible for Telos, a layer 1 blockchain, in order to expand its Web3 gaming offerings.

Under this partnership, GameStop's forthcoming Web3 game launchpad, Playr, will be connected with Web3 games that utilize Telos' decentralized blockchain infrastructure. This collaboration aims to create new opportunities for mainstream gaming distribution.


GameStop and The Telos Foundation Collaborate to Expand Web3 Gaming Strategy

[ERC-6551](https://blockworks.co/news/erc-6551-nft-wallet) (aka token bound accounts) presents a game-changing NFT standard that transforms these digital assets into smart wallets able to engage with multiple decentralized apps on the Ethereum network. 

Though NFTs have been largely associated with collections and artwork, this protocol enables any NFT, even those currently held in users' wallets, to transform into a smart contract wallet capable of owning tokens. 

Blockworks recently spoke with Jayden Windle, co-author of ERC-6551, who shared his belief that NFTs have the potential to be more than just a passive asset. 

Windle has been working on Future Primitive for the past year and a half, and this experimental project led to the development of ERC-6551. This new technology enables the transfer of not only the NFT itself but also the wallet and related tokens. 

In the realm of blockchain, there are two fundamental actions, as elucidated by Windle. One can either hold and possess digital assets or utilize them for active engagement in the larger ecosystem. 

By endowing an NFT with a wallet, one is enabling it to engage on par with everything transpiring on the chain.

### Managing Inventory with NFTs

Creating a wallet for every NFT makes for an agile inventory system. 

By simply locating the address of your NFT and copying it onto Metamask, you can begin to send assets from your wallet to the NFT wallet. This allows you to easily access all the assets in your NFT wallet via OpenSea. In fact, wallets are the key player on Ethereum as they are the universal layer of ownership and action.

Windle's latest project within the realm of ERC-6551 NFTs is [Sapienz](https://twitter.com/stapleverse). Through this project, avatars' clothing items are represented as unique tokens, providing each piece with its own NFT classification and token-bound account.

With this, you can maximize the potential of your NFT ownership by equipping and unequipping tokens onto the artwork, resulting in a unique and captivating display visible across all platforms. 

It’s a good idea to utilize ERC-6551 mechanics, not only for its limited capacity but also for its vast possibilities in the gaming and character-based industries, where your NFT can truly shine with its distinct identity.

The potential applications of ERC-6551 extend beyond gaming. According to Andrei Ponivesc from UltimStudio, the blockchain technology can also be leveraged for organizing hassle-free trips and travel. 

In a recent [Twitter thread](https://twitter.com/andreiponi/status/1663926819832168451), Ponivesc shared that an exciting possibility could involve a marketplace for tour guides to offer curated experiences with specified itineraries. 

Offering NFTs with pre-planned experiences can become a lucrative revenue stream for tour guides. What's even more valuable, as Ponivesc points out, is the ability to include additional NFTs within the main one. 

These could come in the form of instructions or tickets that are required at specific stages of the experience.

ERC-6551 tokens will seamlessly integrate with your ERC-721 tokens, eliminating the need for new smart contract deployments. 

If your marketplace supports ERC-6551 tokens, you must ensure that robust fraud prevention measures are implemented to prevent any malicious activities.

### Final Thoughts

Embracing the ERC-6551 standard truly signifies a paradigm shift in the way we perceive and use NFTs. No longer are they simply passive assets for collection or investment. Instead, they become dynamic, multi-functional tools, opening up a myriad of opportunities in industries like gaming, tourism, and beyond.

This technology enables us to unlock new layers of engagement and interaction within the Ethereum network, making each NFT a potent agent of transaction and value. What's more, the concept of NFTs as wallets integrates seamlessly with the existing Ethereum ecosystem, extending the usability of NFTs without the need for disruptive new deployments.
While this is undeniably exciting, it also highlights the increased need for robust security measures. As NFTs evolve into wallets and take on a more active role in transactions, it's crucial to ensure that robust fraud prevention measures are in place to secure these assets and the transactions they participate in.

The transformation heralded by ERC-6551 represents just one step towards the future of decentralized digital assets. As we continue to explore and expand the possibilities, we're excited to be part of this innovative journey. We invite you to join us and our knowledgeable community in these discussions, as we navigate and shape the future of the NFT landscape together.

Want to stay on top of the latest? Join our growing and knowledgeable community Discord and sign up for the BlockSpan NFT API newsletter here. 


medium_shutterstock_2275006703_digital_wallet_850.jpg

small_shutterstock_2275006703_digital_wallet_850.jpg

thumbnail_shutterstock_2275006703_digital_wallet_850.jpg

shutterstock_2275006703_digital_wallet_850.jpg

ERC-6551 (aka token bound accounts) presents a game-changing NFT standard that transforms these digital assets into smart wallets able to engage with multiple decentralized apps on the Ethereum network. 

Though NFTs have been largely associated with collections and artwork, this protocol enables any NFT, even those currently held in users' wallets, to transform into a smart contract wallet capable of owning tokens. 

Blockworks recently spoke with Jayden Windle, co-author of ERC-6551, who shared his belief that NFTs have the potential to be more than just a passive asset. 

Windle has been working on Future Primitive for the past year and a half, and this experimental project led to the development of ERC-6551. This new technology enables the transfer of not only the NFT itself but also the wallet and related tokens. 

In the realm of blockchain, there are two fundamental actions, as elucidated by Windle. One can either hold and possess digital assets or utilize them for active engagement in the larger ecosystem. 

By endowing an NFT with a wallet, one is enabling it to engage on par with everything transpiring on the chain.


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