Question 1

Why should marketplaces utilize an NFT API?

Accepted Answer

Marketplaces should focus on delivering the best end user experience, instead of building base level indexing infrastructure. By using an API provider to ingest NFT data, they can save engineering time and effort.

Question 2

How can marketplaces properly handle NFT collections?

Accepted Answer

SimpleHash provides unique collection IDs, including for sub-collections, and continually refreshes for the latest token assignments - this ensures collection metadata, floor prices and market data are properly attributed.

Question 3

What makes SimpleHash a better option for marketplaces than other NFT APIs?

Accepted Answer

SimpleHash has broader coverage of NFT metadata, includes NFT market data from more marketplaces and ecosystems. SimpleHash also provides a superior developer experience, including LLM powered spam scores, OpenRarity, standardized trait data, standard wallet valuations, market analytics (+ NFT volumes, market caps), reveal / drop detector events, and Solana compressed NFT support.

Question 4

How does SimpleHash help marketplaces properly display NFT media?

Accepted Answer

SimpleHash always includes the original media links in each response. For convenience, SimpleHash also provides cached preview versions of media files associated with an NFT. All previews will be translated to one of jpeg, png or gif formats. SVGs are converted to help with compatibility on mobile devices.

Question 5

How can marketplaces aggregate listings?

Accepted Answer

SimpleHash provides a real-time event stream of listings across multiple other NFT marketplaces, along with top collection bids.

Question 6

What blockchains can marketplaces query NFT data on using SimpleHash?

Accepted Answer

More than 40 different mainnets and testnets, including the main EVM chains, Solana and Bitcoin Ordinals.