NFT News API

Are non-fungible tokens (NFTs) the way of the future? While many remain sceptical, there is a growing belief that these unique digital identifiers will revolutionise nearly every industry on the planet, given how they cannot be copied, replaced, or subdivided once recorded on a given blockchain. This proven method for authenticity and ownership has permeated the world of digital art, ticket sales, and even contract creation, offering more ownership to the public rather than middle parties throughout a transaction or platform. 

And, naturally, a marketplace has grown around NFTs, with popular projects from prominent creators rapidly rising and falling in value, similar to the cryptocurrency market. It is, therefore, prudent to learn as much about the industry as possible before making an investment.

Unfortunately, collecting and reviewing NFT metadata from numerous blockchains is time-consuming and exhausting. Instead, utilise the benefits of Nexis® Data+ and the associated application programming interfaces (APIs) that do it all for you, sharing enriched data to help you make more informed choices.

Find out how you can make the data you need more accessible with a Nexis® Data+ NFT news API. 

What is an NFT News API? 

The Nexis® Data+ NFT news API is a cost-effective, timely set of protocols that enables users to retrieve pertinent news on the NFT industry from thousands of online resources and publications. 

An NFT News API works by connecting to third-party online news sources or feeds, which it then translates into structured data for use in other applications. As such, rather than manually scouring the internet, magazines, newspapers, and social media pages for helpful insights, the API utilises a refined code to scrape relevant articles, press releases, and posts to return text-based results for your query.

Moreover, this software also includes clever AI-based technology, such as natural language processing (NLP) and machine learning, to review the keywords and phrases in your query and retrieve more relevant content. Some APIs also include features like automatic translation, filtering, and content curation to help developers quickly create sophisticated products with limited resources.

Not only will users be able to fetch data directly from publishers and commentators in the NFT space, but also the projects on each blockchain, such as Ethereum and Solana. 

NFT News API Uses 

An NFT News API can be useful for many applications and use cases, including news aggregation services and identifying investment opportunities and risks. Users can apply their API to: 

Retrieve & filter data

When considering investing in a particular NFT project, you can easily search and receive comprehensive data around that token from both the blockchain and third-party data sources. This can range from information on different types of NFTs within the project, recent sales volumes, the associated features granted with ownership of the token, market performance over time, and more. 

Research creators

Several creators will launch and find success with multiple collections across numerous blockchains, so it can be challenging to compile a comprehensive understanding of their work. The Nexis® Data+ NFT news API can retrieve both the projects and metadata surrounding a creator’s credentials, offering valuable insights into potential trends, opportunities or risks. 

Review the history of a collection

In addition to researching individual tokens or projects, many businesses and investors also use news APIs to review historical data for collections of certain types of tokens or projects. This allows them to track changes in the value, popularity, or market performance of different NFTs over time. 

Verify NFT owners

NFTs regularly change ownership, and as such, it is crucial to verify ownership and avoid misrepresenting holders or permitting gated access to incorrect users. 

LexisNexis® Solution to NFT News API 

When choosing a third-party data provider, it pays to work with the best in the business. With Nexis® Data+, you can access data APIs that retrieve tailored information from the industry’s largest data repository. Holding over 38,000+ licensed news sources and 70,000+ web news sources from over 200 countries, you utilise enriched data from over 45 years in more than 75 languages, with 4.5 million new documents added daily, including blogs and social media content.

Contact us at LexisNexis® to get started with your NFT news API and more today.