Question 1

Why should wallets utilize an NFT API?

Accepted Answer

Wallets should focus on delivering the best end user experience, instead of building base level indexing infrastructure. By using an API provider to ingest NFT data, they can save engineering time and effort.

Question 2

What is NFT Metadata?

Accepted Answer

NFT metadata describes datasets contextualizing individual Non-Fungible Tokens (NFTs), including both on and off-chain data. On-chain metadata, like a contract address or token ID, is stored on a blockchain, whereas off-chain metadata comprises larger, more complex data, like media associated with the NFT or attributes/traits.

Question 3

What unique features does SimpleHash offer for NFT metadata?

Accepted Answer

SimpleHash provides unique features like On-chain Identifiers, Media Previews, Ownership Records, Sale & Creation Data, Contract & Collection Info, Royalty Configurations, and Extra Metadata. These enhance user experience and offer comprehensive insights into NFT transactions.

Question 4

How does SimpleHash's unified schema benefit developers?

Accepted Answer

SimpleHash's unified schema standardizes NFT metadata across different chains and standards. This consistency simplifies integration for developers, ensuring easy access to comprehensive and up-to-date information.

Question 5

What are the advantages of SimpleHash's automatic refreshes and attribute standardization?

Accepted Answer

SimpleHash's automatic refreshes ensure that metadata updates, like reveals and drops, are reflected promptly. Attribute standardization formats traits into key-value pairs, making the data easier to work with and integrate into applications.