The NFT data API for Web3 creators, Mnemonic, announced its general availability launch. In the past, Mnemonic’s API keys were open to a restricted number of backers. However, the recent announcement publicly opens the Mnemonic’s API to all creators. Furthermore, a new Collection Analytics API will be revealed as part of the enterprise tier.
Credit: Mnemonic
Mnemonic NFT Data API
Mnemonic’s mission is to help the Web3 community to create the future of the internet specifically by providing the building blocks developers need to build NFT data. Used by crypto native startups, Defi apps, and marketplaces, Mnemonics enterprise API offers valuable insights to clients.
Mnemonic’s new Collection Analytics API gives creators the building blocks to make personalized, valuable experiences with NFT collection data. A few examples of what’s possible with Mnemonic’s Collection Analytics API include:
- NFT and collection discovery engines recommend collections to users based on their existing wallets or mooning signals.
- Fan engagement applications help brands and creators understand and market to their fans while identifying the collection’s top holders or most loyal fans.
- Collection performance dashboards helping investors, collectors, and creators make informed investment decisions.
Additionally, the company strives to boost the industry’s growth through its free tier for creators. Mnemonic’s Collection Analytics API is part of its enterprise suite for companies with more refined NFT data needs. However, creators who sign up for Mnemonic’s free tier for a limited time receive an API key. Allowing use of the power of the Collection Analytics API with 1000 free API calls.
“If you’re creating anything with NFT data, reliability and accuracy are of the utmost importance, and can make or break your user experience. That’s why we continue to double down on quality, reliability, and depth of understanding here at Mnemonic. With additional audience and pricing insights to be added soon. Our API is key to empowering Web3 companies to create personalized, insightful experiences that scale.” – Elena Ilkonomovska, co-founder and Chief AI Officer at Mnemonic
Mnemonic solves problems many users face with its program, allowing effortless building for creators inside Web3. Used by Crypto native startups like NFTfi Mnemonic continues to provide a helpful hand in tackling the blockchain.
What Is NFTfi
Using Mnemonic’s data to support its mission of pioneering the financialization of NFTs. NFTfi has created a way for NFT holders to receive crypto without selling their assets. Instead, by listing an NFT as collateral, the holder gets payment in wETH or DAI. Afterward, the NFT will transfer to a smart escrow contract for the outstanding loan term.
While this Dapp is a powerful tool, be cautious of its uses and dangers. If the debt remains unpaid, ownership of the loaned asset goes to the lender, causing the original holder to lose their asset. Together with the power of Mnemonic, NFTfi has furthered the flexibility of NFT assets.
“Working with NFT data at scale is a real challenge. We tried to get the data we needed from other sources. We’ve struggled to find a single provider that meets all our needs. Mnemonic is a leader in terms of API capabilities and data quality. As we pursue our mission of pioneering NFT finance, Mnemonic’s NFT data API enables us to build quickly and ship confidently.” – Stephen Young, Founder and CEO of NFTfi
Despite the evolving complexities of the blockchain, companies such as Mnemonic provide a viable avenue for those who need it. While NFT adoption becomes mainstream, we can use all the help we can get.
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As always, make your own research prior to making any kind of investment.
