January 20, 2023
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This interview was originally published by Genfinity.
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King Solomon interviews NFTier as part of the Hedera Corner in the LightHouse by Genfinity! Brought to you by LightHouse Report sponsor Hedera Hashgraph and in collaboration with our partner and Hedera wallet provider HashPack.
NFTier – Michael Kantor - Founder
Um, so if you're like coming into the ecosystem and you're curious what should I buy that's you know probably still going to be worth a lot you can come in here if you're curious or if you want to get on a bandwagon or something like that. Um then similar to the TA that we have on individual collections it's another new feature that we recently added we have ta for the Hedera NFT ecosystem as a whole so you can plot a daily against various indicators. Unfortunately, we only have a daily values for this we calculate the market cap once per day in the future we might get six or 12 hour marks but for now we're just doing it daily.
Genfinity – King Solomon – Founder & CEO
It's still awesome so I mean from a Hedera standpoint is this is just measuring like as the ecosystem as a whole like total market cap from an nft standpoint as a whole for the entire ecosystem and that's what you're basically able to look at from a charting standpoint.
NFTier – Michael Kantor - Founder
Yeah, exactly it's taking this number here and interpolating it uh day by day by day.
Genfinity – King Solomon – Founder & CEO
So, what are you what are we seeing just like kind of this slow and steady I mean you saw a big peak there I guess around December 15th or so and we're just kind of but yeah trending upwards obviously from a market cap standpoint for the Hedera nft space as a whole that's pretty cool.
NFTier – Michael Kantor - Founder
Yeah, I can't obviously provide Financial Advice but you know just looking at the graphs the market cap has been increasing uh quite steadily since August when we had the quote-unquote ‘Hedera heat wave'. Yeah, um so you can tell the Hedera nfts are really on the rise.
Genfinity – King Solomon – Founder & CEO
And then from a year stats standpoint that you have here in the tab is that are those things that you can potentially like save as a user or you know What does that look like?
NFTier – Michael Kantor - Founder
You can using trading view you can save these stats. Um I can show you too, I think my personal portfolio won't be too interesting but let's just come into somebody who's done quite a bit of selling. Um and look at what their account looks like. So, uh to recap the different like views that we have is a overview of the Hedera ecosystem, you have a collection View and then you also have an account View. So we give some of this data away kind of like a freemium model so if you go to NFTier serial attack forward slash profile you can see your personal trade volume, estimated value and estimated Mint volume and you can see the nfts that you own. But these two tabs collections and Trades do require that you have access to Advanced Analytics. So you can see how much you've traded and how much you've sold with the value of your portfolio is and then you can dig deep into individual Collections and you can even export the you can export the data from those collections. Um, so let's say that you're like tracking a whale and you want to see what the whale is buying or what they're selling, you can go and say oh this person has bought A lot of creamies. Um but they've basically kind of like doubled um in in value from what they've sold and then you can see their profit. Uh they've made a 61% Roi um from what they've bought and what they've sold. So this Roi over here actually takes into account um all of the factors for a single like nft transaction. Let's say that you Minted an nft for XYZ price and then you sold it for XYZ price it'll subtract the mint price from the amount that you sold and it'll come up with a profit from that value. Same thing if you bought an nft on Zuse and then you later resold it for a higher amount would subtract the amount that you originally bought it for to get a more accurate uh profit.
Genfinity – King Solomon – Founder & CEO
What does this um export as if you were to export it is it export as A CSV?
NFTier – Michael Kantor - Founder
Yeah, yeah exactly.
Genfinity – King Solomon – Founder & CEO
That's pretty cool. Yeah, you can do whatever you want for me I mean you could you could use this as a as a tool for taxes obviously.
NFTier – Michael Kantor - Founder
Yeah um I think doing taxes and crypto is so complicated um that's not something that we're Interested in but if you want to use the data to influence how you do your taxes you can definitely do that sure.
Genfinity – King Solomon – Founder & CEO
Yeah, this is fantastic. Um, really, really awesome. I don't know if there's anything else within um any of the advanced analytics that you'd like to share.
NFTier – Michael Kantor - Founder
Um, I think uh probably there's a lot of cool stuff for creators. But I think mostly people watching this video it might be holders themselves, so if you really want to dig deep, we also have this trades tab. So, this looks at every single trade that an account has made, particularly interesting for whales maybe, so you can see the most recent trades and see what they're actually trading. So, like for example, with this Dead Pixels NFT, you can see that they bought it for uh, three thousand and then they made a profit of 18,000. Wow! Same thing for this one over here, you can see they minted it for 630 and then they profited uh, 6,352. You can see which marketplace they sold it on, the transaction ID and everything. Um, we actually support all major marketplaces now when it comes to aggregating this information so that's Hash Guild, Zeus, Hedera Sentient um and even Secure Trade as well.
Genfinity – King Solomon – Founder & CEO
I saw that you guys are using hgraph.io also, which is awesome.
NFTier – Michael Kantor - Founder
Yeah, um, hgrap has been really, really awesome for aggregating kind of like big data. You don't we don't use it for everything, but there have been a lot of things that have been really niticky and kind of hard to get um with the Hedera rest API that has been immensely helpful um and has sped up some of our pages as well when it comes to retrieving that data.
Genfinity – King Solomon – Founder & CEO
This all looks fantastic. Um, and I wanted to ask you guys a little bit about um the Discord access bot and the The Print Shop as well before we wrap. Uh, so what does that Discord access bot like, what does that facilitate for individuals that may want to use that?
NFTier – Michael Kantor - Founder
Yeah, um, so our Discord Bots are entirely self-service. Uh, the only thing that you need to use our Discord Bots is to have a Woke Femmes NFT in your wallet essentially. Um, and we support uh up to eight modes right now, so you can get Rarity token gating, sales, listings for Price, volume, market cap, unique holders um and we even have uh API access for like special use cases that you might have um for example uh PenguPals, I was creating a staking contract and they wanted their staking to be higher uh based on the Rarity of your NFTs, they used our API to kind of retrieve that data and come up with those calculations. Um, essentially, you enter the Discord management portal uh and as long as you have a local comes at C you can select the mode that you want. Uh, let's say you want sales and you click for instructions and there's an Invite link, you put on your server ID, the contract address and the channel ID and then from there the bot will just work. Um, so go to post life sales, you can grow, verify, you can do basically all the things that might be really useful as a Creator running a Discord.
Genfinity – King Solomon – Founder & CEO
That's awesome. Um, and from The Print Shop aspect, I mean that's pretty cool actually that you guys are offering that from an NFT standpoint. Can you maybe run through uh what that looks like from a user experience standpoint and then talk about the vision you know for you guys to have that on the platform?
NFTier – Michael Kantor - Founder
Yeah, The Print Shop was kind of one of our first forays into a paid product. We had a really huge hopes for it. We thought it'd be really cool, you know, bringing the metaverse to real life. Um, but the reality has been that most people just aren't interested in printing their NFTs. But the way that it does work is you go to the print shop and then you click this um print button over here, so, I click the print button, it takes me to "The Print Shop." Then, I can pick basically which product I want to print. Let's say I want to do a canvas print. I go to the canvas print and then I wait for the preview to generate. Um, which may take a minute, I don't know actually if it'll load or not, yeah but once it does generate, it'll check uh do you actually have this nft in your wallet? If you don't have this NFC in your wallet, then you can't print it. Um, the idea is it's in your wallet so you should be able to print it. Uh, you click "add to cart," you fill in your payment information. Um, and then we ship it straight to you, super cool. Um, yeah, that's everything.
Genfinity – King Solomon – Founder & CEO
You guys have is really, really slick. Look and saw, you know, kudos to you and the team. Um, talking about uh, kind of milestones and achievements, you know, I know that you know, looking at the Twitter, it looks like you guys have announced that you, you've announced an announcement, uh, or some sort of announcements for January. You know, looks like January might be an interesting month for you guys. I don't know if depending on when this video comes out if it's going to be alpha or not, or when, when can we expect kind of that announcement aspect from you guys about you know, the next iterations of what NFTier is doing?
NFTier – Michael Kantor - Founder
There's a few things on which I can't talk about yet, but they will come out really soon. Um, one of them is that we want to have Public Access, uh, for advanced analytics, uh, for all welcome soldiers today, you need three woke thumbs in your wallet to access advanced analytics data. We're very, very close, uh, to doing Advanced analytics public, which means you'll just need one woke fence in your wallet in order to access advanced Analytics. Um, some of the other things that we're working on, I can be a little bit vague on. Uh, what I'll say is that we kind of took these last two months to really focus on Partnerships and we have a really a number of really cool Partnerships coming through the pipe that I'm hoping that we'll be able to announce very, very soon. Um, one of those is for example with Hedera sentient and some of that functionality is available already on our website where for example if you go To any Rarity listing and if there's a collection or nft that's listed on Hedera Sentient then you can find the list that entities from that collection. Um, so for example, uh, this one might come up. Let's see if I click this Advanced filter here and I click only show nfts and Marketplace listings. I can see this adds a cart button, uh, Where it says this link will try to take you to Hedera Sentient you yeah and then you could just purchase right on Hedera sentient. So this is really great if you want to like find it in a fee by Rarity across multiple marketplaces, yep. Uh, all the marketplaces that we support, uh, will show up here if they're listed. You can see the listing price and then you could sort by the listing price and things like that. Um, so we have more things coming down the pipe that's kind of similar to that. Um, I can't really give more information on that but that's kind of where we're heading In that direction, uh, we also have a number of really exciting launches. Uh, some of them have already been announced if you're looking at our launch pad. Uh, we're personally really excited about the doodle cats which are minting on the 15th and 14th. Um, so that's really exciting and we have a number of other collections in the pipeline as well that we'll be launching with us soon.
Genfinity – King Solomon – Founder & CEO
Everything looks great, man. Um, and I know we're running down to the wire here. Um, for anybody watching this right now, uh, you can obviously go to nftier.tech to learn more about what nftier is building out and then, um, Michael, for anywhere else you know, would you like people to draw, you know, drive traffic to the Twitter or, um, Discord or do you want kind of most of that flowing through, um, the landing page?
NFTier – Michael Kantor - Founder
I think for us, uh, right now, uh, the Discord that we're most focused on is the Woke Femmes Discord. We're really trying to stay organized and keep everything in one place, um, and we've got a really awesome community in the Woke Femmes Discord. So, if you want to join us and participate in the ongoing governance vote that we have right now, that would be great. If you want to come to the website or if you want to follow us on Twitter on nftierTech, that'll be great as well.
Genfinity – King Solomon – Founder & CEO
Um, no, so you guys heard it first from Michael. Um, go check out the woke Femmes Discord, nftier Tech as well. Um, I have to thank you so much for taking the time out today. I could literally watch you probably go through all of the analytics stuff for hours. Because I think it's just really cool what you guys are building out. Um, and excited for uh January for you guys as well, so definitely thank you for your time, Michael. I'm sure this won't be the last time that we're, um, having a discussion and uh, man, I hope the cough gets better because I had that and uh, uh December for about three weeks straight and it was like, oh, I have three kids. So, when you have kids coming home from school they end up having something, and then it just flows through the house, dude. So, um, really appreciate your time. I'm looking forward to all the cool stuff that you guys keep continuing to build and uh, yeah, check out NFTier, uh, check out woke Femmes as well. Uh, you can learn, you know, more through the Twitter, through the Discord and, um, on the site as well. Thank you so much, Michael, for your time.
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