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February 9, 2023

Ledgible Releases Enhanced API Support for All Ethereum-Based NFTs

Ledgible Crypto Tax & Accounting is proud to announce the release of its latest product features, aimed at streamlining the process of NFT tracking and accounting. The development team has been hard at work building and supporting tools for the NFT and DeFi space in a way that gives users the support they need to effectively manage their digital assets. The new features are designed to meet the growing demands of the rapidly evolving NFT market and will provide a comprehensive solution for NFT holders and traders alike.

The highlight of the new features is the automatic tracking of NFT activity in all major Ethereum NFT token standards, including ERC1155, which represents 75% of all NFTs in the market. Ledgible’s new product tracks cost basis, collection and token ID, image, date, and acquisition information for each NFT, providing a complete picture of an NFT portfolio. This will help NFT holders and traders to have a better understanding of their NFT holdings and their value over time.

The new rollout allows for direct API connection, or users can also opt for manual import, including through inputting the read-only wallet address. The new product is designed to be user-friendly, and even those who are new to the NFT market can quickly get started.

With the Ethereum blockchain accounting for 75% of the NFT market share and $36 billion in NFT sales to date, Ledgible’s new offering is well-positioned to provide valuable support to the NFT community. It will help NFT holders and traders to keep track of their holdings and ensure that they are well-equipped to meet the tax and accounting requirements of the NFT market.

We understand the importance of having reliable and up-to-date information for your crypto and NFT assets and our team is dedicated to providing our users with the best possible experience. Whether you are a seasoned crypto investor or just starting out, Ledgible is the go-to solution for all of your crypto tax and accounting needs.

In conclusion, Ledgible Crypto Tax & Accounting continues to lead the charge in the crypto and NFT space with its innovative platform and unparalleled customer support. We are confident that our new product features will further enhance the user experience and provide the tools necessary for anyone to effectively manage their digital assets.

Jacques Potts - Sr. Marketing Manager at Ledgible and experienced financial author, marketer, and crypto expert. His work has been featured on The Street, Project Serum, FirstTrade, and Invstr.
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