Nick Emmons

Upshot's Wallet Labels for NFT Collectors serve as a way to easily identify different types of collectors in the NFT market.

Upshot’s labels are generated using different heuristics and analyses to add an additional dimension of information as users traverse NFTs. 

## Intro

Blockchains are transparent. This means that you can see the activity of any address on the blockchain. The problem is that it can take a lot of work to actually make sense of that data – especially the data most useful for interacting with the NFT market.

When deciding which NFTs to buy or sell, it’s important to know which communities the smartest collectors belong to, which collectors are most likely to accept bids, etc. Traditionally, identifying these things has been very difficult for most collectors/traders. . Luckily, Upshot is working on making it easy to identify top collectors and help people build more effective trading strategies.

For a bit of background, Upshot’s most popular metric for identifying savvy NFT addresses is the Upshot gmi. This single powerful number serves as an easy-to-understand grading index to sort those who are “gonna make it” (gmi) from those who aren’t (i.e. “smart money” in the NFT space). 

While gmi gives a holistic view of a wallet, we wanted to enable you to drill down further. Our newest feature release, Wallet Labels, does just that. 

![wallet labels](//images.ctfassets.net/lhkcghnr8ql4/6mPXq9Xuhd5FXFzX10Jz9J/323589cb9087c3bf58df8fc3b703d1dd/Screen_Shot_2023-01-11_at_12.31.41_PM.png)

## What Are Upshot Wallet Labels?

Upshot Wallet labels are a set of indicators that identify specific strategies, holdings, or activity by a wallet. By adding wallet labels to Upshot’s set of NFT financial tools, you can more easily identify whales, flippers, citizens of Gooch Island, and more. 

This information can be useful if you are trying to copy their trades (Ex: “Whale”), increase the likelihood of a bid being accepted (Ex: “Usually Accepts Bids”), or simply want to know what sort of wallet you’re looking at (Ex: “Bot” “DAO” “Multisig”). 

With Wallet Labels providing you with a quick and easy way to identify and understand a wallet and its activities, you can spend more of your time building smarter trading strategies.

## Initial Set of Upshot Wallet Labels

| Header     | Header     |
| ---------- | ---------- |
| NFT Vault       | A wallet that is an NFT vault       |
| Diamond Hands       | A collector has diamond hands 💎 🙌       |
| Flipper       | A wallet that flips NFTs (holds them for a short period of time)       |
| Active Bidder       | A wallet that actively bid on a lot of NFTs       |
| Usually Accepts Bids       | A wallet that is accepts bids somewhat consistently       |
| Exchange       | An exchange contract      |
| Wash Trader      | A wallet that has been known to wash trade       |
| Multisig       | A wallet that is a multisig       |
| Smart NFT Trader       | A wallet in the top 100 addresses of realized profit or top 100 addresses based on gmi      |
| Active Minter       | A wallet that actively mints NFTs      |
| Floor Collector       | A wallet that collects floor NFTs       |
| Grail Collector       | A wallet that collects grail NFTs       |
| Blue Chip Collector       | A wallet that collects Blue Chip NFTs       |
| Gen art collector       | A wallet that collects generative art NFTs       |
| Gooch Island Citizen      | A wallet that holds CryptoDickbutts and understands that 1D=1B       |
| Sweeper       | A wallet that sweeps NFTs      |
| OG NFT Collector      | A wallet that has been collecting NFTs since before 2021      |
| DAO       | A DAO       |
| Whale        | A wallet with a large portfolio       |
| Fish       | A wallet that has lost a lot of money trading NFTs    |

## Conclusion

These are just the initial set of labels we’ve identified as being useful to our users. We’ll be continuously identifying new wallets and creating new labels as the market evolves.If you have any feedback on these labels or come across any wallets you think are mislabeled, don’t hesitate to reach out. We’ll be working on improving these rapidly.

Head over to our [NFT Aggregator](https://app.upshot.xyz) to start exploring the NFT market with the help of these labels.

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Upshot's Wallet Labels for NFT Collectors serve as a way to easily identify different types of collectors in the NFT market.

Upshot’s labels are generated using different heuristics and analyses to add an additional dimension of information as users traverse NFTs. 


Introducing: Wallet Labels

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