NFT Proxy

NFTs or non-fungible tokens are digital goods such as a video, image, or animation whose ownership is bought and sold online in the form of unique digital tokens. They are most commonly bought or sold with cryptocurrency, most of them being part of the Ethereum blockchain.

Each NFT represents a digital artwork that has a unique identifying code. Although anyone can copy the art included with an NFT, purchasing it makes you the sole owner of the original work, whether an image, drawing, or any other digital art.

Even though the first NFT was created in 2014, they only became mainstream in early 2021. This was the year of NFTs when their supply and demand skyrocketed. Today, the most expensive NFT sold to one owner is “Everydays: The First 5,000 Days” by the famous NFT artist Beeple, which sold for $69.3 million. “The Merge” by Pak is another NFT sold to multiple owners for a record-breaking $91.8 million. The hype is real.

Proxies are intermediary servers between your device and the internet. They work by taking your web requests and sending them to the right server on your behalf. Likewise, they take the web responses and forward them back to you. Throughout the entire process, they use their own IP addresses, thus keeping your real one private.

Other than forwarding web requests, they also provide shared network connections, act as a web filter and firewall, and cache data to accelerate the speed of common requests.

But why would you need a proxy server for NFT? Here are the major reasons to consider using one:

NFT copping

Obtaining high-demand NFTs is even more challenging than buying limited-edition sneakers, t-shirts, watches, or any other goods where demand is higher than supply. That’s because every NFT is unique, so there can be only one buyer per NFT.

Luckily, quality proxies can improve your odds of buying the NFT you want. Efficient and dedicated proxies will help you automate the process of bidding and buying rare NFTs. You just need to ensure you’re using a dedicated proxy which means no one else is using it at the same time.

Detecting wash trading

Good proxies combined with web scraping technology can help you check for suspicious activity surrounding a particular NFT. This will help you avoid wash trading – a type of market manipulation in which someone sells and buys the same NFTs to create a fake activity in the marketplace.

Scanning for duplicate NFTs

There have been many cases of people or accounts copying existing NFTs and selling them for a huge profit. To protect yourself against duplicate NFTs, you can use web-scraping tools and proxies to scan the internet quickly and check for duplicate or similar-looking NFTs online.

The best proxies and the only proxies you should use for NFTs are dedicated residential proxies from a reliable proxy provider. They are reserved only for you and provide you with real IP addresses from residential users.

IPRoyal is a reputable proxy service that offers affordable and highly-anonymous dedicated residential proxies that will improve your NFT buying and selling experience and give you an edge on the market.