For every NFT investor/trader, it is important for one to be able to keep track of their NFT portfolio. NFTGo.io looks towards making this as convenient as possible for users, aggregating all information pertaining to users' portfolio. This allows users to have an overview of how their portfolio has been performing, on top of just knowing which NFTs they are holding onto.
This refers to the estimated value of a user's portfolio and is derived with 2 steps.
Firstly, the estimated value of each collection that the user holds onto is calculated as follow:
Secondly, the portfolio value is obtained as follow:
Note: Suspected wash trades have been filtered.
The dashboard also highlights the changes in the portfolio value over a period of 7 days and a period of 30 days. This will allow users to track the fluctuation in their portfolio value over time, and this also gives them a good overview of the market performance. If users notice that their estimated portfolio value has increased significantly, they can look into their NFTs to determine if they would like to take profit. Vice versa, should the estimated portfolio value have decreased, users will have to think about whether they would like to cut loss on the NFT, or they are confident that the collection will increase its value again in the future.
One of the most important metric that users look out for, the profit and loss that is made. Prior to any analytics platform, users would have to manually calculate their profit should they be selling a certain NFTs. This is an extremely tedious process and is often inaccurate given that the floor price changes so rapidly. With NFTGo.io, the profit and loss of a user's portfolio is automatically calculated. This is a dynamic number that comprises of both realized and unrealized profits. Similarly, this feature highlights the changes in profit and loss of the portfolio over a period of 7 days and 30 days. Should users realize that this number has been increasing despite them not having made any sales, it is an indicator that some of the NFTs within the portfolio are becoming increasingly profitable, and users can choose whether they would like to sell these NFTs to realize the profits.
Building on top of the point mentioned above, this Cost & Revenue Segmentation chart is a lot more detailed and breaks down the PnL, covering the following:
- Total Revenue
- Total Spent
- Total Gas
- Avg Cost
- Avg Sell Price
This allows users to have a better understanding of how their profit and losses were derived. Should users notice that they have been paying a lot for gas, they should look towards using aggregators that could help them get optimized gas fees.
This feature has been introduced to allow for better overview of the portfolio distribution. This is achieved through a pie chart that displays the weighted distribution of the NFTs, with a few different metrics
- Estimated Value
Updated 3 months ago