NFTBank Launches NFTBank V2 to Enhance NFT Portfolio and Web3 Game Treasury Management



[PRESS RELEASE – Seoul, Korea, May 3rd, 2024]

NFT portfolio management platform NFTBank is proud to announce the launch of NFTBank V2. This latest version offers users an enhanced experience in tracking and managing NFT investments with unmatched precision, acting as a prime tool to further expedite the revived web3 gaming movement.

Renowned for its highly accurate NFT valuation and profit/loss tracking capabilities, NFTBank has fine-tuned NFTBank V2 to detect various NFT acquisition mechanisms, including minting, bulk purchasing, and transactions on secondary markets across all major NFT marketplaces. The upgrade marks a significant improvement in the platform’s functionality, providing users with a clear understanding of their investment performance.

One of the standout features of NFTBank V2 is its ability to connect up to 3,000 wallets, offering users a consolidated view of their assets spread across different wallets and the most accurate cost-basis that accounts for internal transfers. Such a feature makes NFTBank the go-to platform for NFT tax-filing.

Users can also manage these wallets in groups, allowing for differentiation in performance tracking across various strategies or wallet types. This level of customization and control is unprecedented in the NFT portfolio management space.

“We are thrilled to unveil NFTBank V2, a testament to our commitment to providing an unparalleled NFT portfolio management experience,” said Daniel Minsu Kim, CEO of NFTBank.

“Our platform is designed to empower NFT traders and investors, especially those in the web3 gaming space, to manage their assets more effectively and profitably.”

NFTBank V2 launches with two chains: Ethereum and Ronin. This reflects NFTBank’s strategic priority in serving the web3 game ecosystem. Since its launch in 2021, Ronin has grown to serve approximately 17.6M total wallet addresses and is the second-most used blockchain. Together with Sky Mavis, the network focuses on driving the success of games, including the hit farming game, Pixels, by providing tailored distribution to strategic partners through its Web3 Publishing Stack, and strong relationship with its active community of super fans.

The history of NFTBank’s involvement in the web3 gaming space dates back to the previous boom cycle. NFTBank was a close partner of major games like Axie Infinity and League of Kingdoms from its inception, assisting NFT owners in asset management and profit maximization. As web3 games and guilds experience a renaissance, they will find NFTBank V2 an indispensable tool for managing their treasuries.

NFTBank is backed by prominent investors such as Hashed, DCG, Sequoia Capital, Bitkraft, Sfermion, 1kx and Dapper Labs.

About NFTBank:

NFTBank is a leading provider of NFT-focused portfolio management software. The platform offers advanced tools for NFT valuation, profit/loss tracking, and portfolio management, catering to the needs of web3 traders and investors. With a commitment to innovation and user experience, NFTBank is at the forefront of the evolving non-fungible token market.

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