Here you will find detailed info on how to use the app as well as frequently asked questions.

This app is currently in Beta and available to early access users only. In the future, a Renna Labs' Access Token NFT will be made available to publically mint to provide access to the application.

What is Renna Labs' Portfolio App?

This app (opens in a new tab) is a token-gated NFT wallet tracking tool that offers a wide range of analytics for your NFT portfolio. Built to give the people their time back in a time-consuming space - you can now get a quick overview of your collection floor prices, transaction history, track other wallets, all while watching gas prices.

What is an NFT?

NFT stands for Non-Fungible Token. It's a type of cryptographic token on a blockchain that represents a unique item or asset. This contrasts with cryptocurrencies like Bitcoin or Ethereum, which are fungible tokens - meaning each unit, or 'token', is interchangeable with any other identical unit.

NFTs leverage blockchain technology to prove the ownership and authenticity of unique items, ranging from digital artworks and music to virtual real estate and virtual goods in games. Each NFT has a distinct value and specific information that separates it from other tokens - they cannot be exchanged on a like-for-like basis, which is what makes them non-fungible.

NFTs are primarily built on the Ethereum blockchain, using the ERC-721 and ERC-1155 standards, although other blockchains like Binance Smart Chain, Flow, and Tezos also support NFTs.

One of the key benefits of NFTs is that they can provide artists and content creators with a new way to sell their work and monetize it in the digital world. Furthermore, as each NFT contains distinguishing information that is stored in a smart contract, it can also include details about royalties, meaning an artist can receive a percentage of sales whenever their art is sold to a new owner.

What is token gating?

Token gating is a feature often seen in Ethereum-based applications, where access to certain resources or services is restricted based on whether a user holds a particular token or not. This token could be a fungible token (like a specific ERC-20 token) or a non-fungible token (like an ERC-721 token).