Ethereum blockchain explorer and analytics platform Etherscan has enabled NFT tracking as part of its transaction tracking tool kit.
In a Twitter post yesterday, Etherscan revealed that users will now be able to “track most NFT activity on Ethereum,” which includes both ERC721 and ERC1155 based non-fungible tokens.
The new feature will help provide more transparency on a significant percentage of the NFT market, and may help new investors ascertain the value of an NFT as they can now look up its entire price history, transaction dates and minting date.
Etherscan users can use the “non-fungible tokens transfers” section to look up NFT minting, distribution, transfers, and burn events of popular non-fungible projects such as CryptoPunks, Bored Ape Yacht Club and Sorare.
Etherscan’s NFT tracker shows that Sorare in particular, has had a rolling seven-day average of 26,138 NFT transfers, with the next best seven-day transfer volume from Bonsai at 9,557.
Non-fungible token tracker on Etherscan.io
The ability to track NFTs will also mean the transactions on popular NFT marketplaces such as Nifty Gateway, Rarible, and OpenSea are more transparent, with the NFT tracking showing the marketplace where the trade was conducted, as well as the recipient address of the trade.