A gold spinning nft token

Grade the quality of your NFT.

Gather and grade your token's Mint Conditions. Discover how safe your media assets are, how much energy was used to mint the token, view metadata, and more.

NFT Grade
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0 / 10 total pts

Immutability

...

0/3

Metadata

...

0/3

Energy Usage

...

0/2

Marketability

...

0/2

Currently, FungyProof only supports non-fungible tokens compatible with OpenSea. More to come.

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Fungyproof Mint Conditions

FungyProof grades on-chain data about how your token was created.

Highly interoperable contract

Non-standard or not supported contract

No permission back-doors or security vulnerabilities in contract

Vulnerabilities exist

Assets and metadata are formatted well

Asset and/or metadata missing

Asset gateways have redundancy, low latency, browser compatibility

Gateways are broken

Distributed storage used for assets and metadata

Broken storage

Low minting and deployment energy use (kWH)

High minting and deployment energy use (kWH)

Highly interoperable contract

No permission back-doors or security vulnerabilities in contract

Assets and metadata are formatted well

Asset gateways have redundancy, low latency, browser compatibility

Distributed storage used for assets and metadata

Low minting and deployment energy use (kWH)

Non-standard or not supported contract

Vulnerabilities exist

Asset and/or metadata missing

Gateways are broken

Broken storage

High minting and deployment energy use (kWH)

Non-Fungible Enrichments (NFEs).

NFEs bind to a token through the FungyProof platform and can be used to increase quality, value, or add data. Enrichments include Rare Digital Cases, upgrades, and achievements. Some NFEs are purchasable through FungyProof or Third-Parties while others are earned.

Owners can customize which NFEs are displayed with their token.

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Mint Conditions Grade + Enrichments

MC Grade

Upgrades

Achievements

Marketability

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Faq

How do I find my OpenSea url?

Most platforms will have a link to the OpenSea URL in the description page of the NFT. Alternatively, you can search for an NFT using the OpenSea search bar to look for properties such as token name or wallet address.

The URL should be in the format of: https://opensea.io/assets/{contract address}/{token id}

Why does Fungyproof only support OpenSea urls?

OpenSea is the largest aggregator of NFT types at this point. We use the data they consolidate to pull out attributes of your NFT. If you would like to add a non OpenSea compatible NFT send us an email at: hello@fungyproof.com and we will work to get yours added to FungyProof.

Why am I getting a low grade?

The short answer is that the technology is still new and being built as we speak (this includes FungyProof). Right now, most NFTs are minted on Ethereum which is a Proof of Work blockchain. Any Proof of Work platform consumes a large amount of energy. Newer blockchains are exploring alternative Proof mechanisms such as Proof of Stake which will drastically cut down on energy consumption, but for the time being, almost all NFTs will score low for Eco Impact. Because of this, it's highly likely no NFTs will score a 10.

Why are my NFT assets not considered immutable?

Blockchains are not meant to store gigantic files–think .MOVs or 4K art images–they must link to assets stored in 3rd party hosting services. FungyProof looks at how your assets are linked to your tokens stored on the blockchain. The ideal hosting service (in our opinion) is one that is distributed. Distributed hosting, such as IPFS, takes advantage of similar properties used by blockchains to keep assets from disappearing altogether or suffering from platform risk. This is why they score higher. There may be reasons to not have your assets be immutable, but storing them on a centralized service like Google Cloud or Amazon Web Service means your art can disappear if those services go down or change terms of service. Some marketplace platforms that allow you to create and sell NFTs own the accounts to these services, which by extension, means they control access and distribution of your assets.

Additionally, the link to the assets may be using an http portal which again creates platform risk by inserting a single point of failure. If it goes down, your NFT assets are no longer viewable/accessible to anyone. And that could be a big bummer!

Why is metadata important?

Metadata determines how well the asset is categorized and can house important links to other tokens or assets related to the NFT. Metadata not using universal schemas ("formats") for asset classes will score lower because the data attributed to the token will be harder to validate. This plays a major role in what we are calling the Marketability of the token because it can create compatibility issues. In other words, it's kindof like trying to open an Apple Pages file on a Windows machine.

Immutability

Immutability determines how and where your assets are stored in relation to your blockchain token. Assets that are not stored using distributed file storage (IPFS) have a risk of going down or disappearing.

Metadata

Metadata determines how well the asset is categorized and can house important links to related materials such as image files. Improper Metadata will grade lower.

Energy Usage

Sustainability determines the percieved amount of electricity used to generate and transfer the NFT.*

Marketability

Marketability is currently a factor of whether the NFT was minted using a common token standard such as ERC-721. This ensures cross-compatibility with multiple marketplaces.