BitGo in Partnership with Rarify to Enhance NFT Data Analytics Capacity

Summary:
• Rarify, the NFT infrastructure provider, has partnered with BitGo to enhance the latter’s NFT data capabilities. We discuss the its impact.

Rarify, a developer of API-based NFT infrastructure, has today announced its partnership with BitGo. By integrating Rarify’s Data API offerings, Rarify will give BitGo’s 700 institutional clients access to key NFT statistics as part of the cooperation. The Data API pulls information from a variety of different marketplaces and DEXs. It compiles all of the metadata for the various tokens that adhere to the various standards. It then converts that data into actionable insights for NFT holders. By doing this, it helps the NFT holders in making more informed choices regarding their assets.

What’s the impact of the Rarify-BitGo partnership?

Developers and investors can gain access to the most up-to-date data on any given NFT by utilizing Rarify’s Data API. The data might contain the asset’s pricing history, ownership history, trade performance, volume, and authenticity ratings. This all applies to all marketplaces that use the Ethereum and Polygon protocols. Also, Rarify offers a comprehensive indexing service for the most popular NFT marketplaces. As a result, BitGo can now provide BitGo customers with the most reliable non-fiat currency solutions available on the market, thanks to the cooperation.

BitGo is active in centralized finance, and DeFi. The company’s prime brokerage services provide some of the most competitive trading, lending, and borrowing options. Rarify enjoys the support of industry heavyweights such as Pantera Capital, Greycroft, Eniac Ventures, and Circle, amongst others. Its application programming interface (API) solutions are intended to enhance market information. That way, it enables organizations and traders alike to comprehend the performance and history of NFTs, whether as collections or as individual items.

“We understand that NFT data is the foundation for anyone trying to build in Web3. Without these data points easily at hand, it’s challenging to make key decisions such as investment and appraisal. Our Data API enables developers to build with ease and empowers users to make smarter decisions,” said Lasha Antadze, Co-founder, Rarify.