Discover what Icy Tools is and if it’s worth your time and money in this Icy Tools review.
Icy Tools is a popular type of software for discovering, tracking and managing NFTs. It enables users to see what’s minting, learn more about specific projects and track the value of their portfolios or wallets.
Icy Tools provides meaningful metrics about the project like floor price, volume and hodler distribution. It also enables users to learn more about projects via an FAQ.
I spent the past few months using Icy Tools to track my portfolio and evaluate new and existing NFT projects. In this Icy Tools review, I’ll explain what NFT fans should know, and this NFT software is worth your FIAT.
Icy.Tools Video Review
In this video review, I walk through how I’m using Icy Tools and explain some key features for NFT collectors and those interested in the web 3.0 market.
Icy Tools Premium costs approximately $75 per. Customers can pay in dollars rather than Eth.
Comparable NFT tools like often charge in Eth only or ask customers to buy an NFT. That can equate to a rather large dollar amount if the price of Eth increases.
If you’re interested in Icy Tools, you can preview it by visiting the homepage. There, it presents NFTs currently trending by sales volume. You also discover some NFTs currently minting.
However, Icy Tools premium access is required to dive into specific projects and gain more meaningful metrics about volume, distribution and holders.
Icy.Tools Review Criteria
For this Icy.tools review, I tested the free version before buying a premium subscription. I compared it to other free and premium NFT software like Nansen, considering factors like cost and ease of use.
How To Use Icy Tools
Icy Tools presents information about NFT projects in two key ways. Users can use the trending tab to get an overview of the market. This is your first port-of-call for gauging the health of the market and of NFT blue chips.
Alternatively, users can use the Discover tab to see new NFTS minting and or generating interest with collectors and whales. Within each tab, users can sort NFT projects by:
- Sales floor
- Average price
- Time period (last minute up to 30 days)
Users considering buying an NFT can click on it to access more metrics about what it does, who it’s for and the floor price trend. The individual NFT collection pages provide all the NFT marketplace (OpenSea, Gem, LooksRare) and website links so users can avoid getting scammed (that said please double check these before using!).
On these collection pages, Icy Tools presents profit leaderboards for specific projects so users can see when people are buying into or exiting a project. This is a good way of identifying NFT collectors to follow.
Users can plug the Ethereum address of their wallets (or other people’s wallets) into Icy Tools and track its value and recent transactions. This information is useful for deciding when to hold or flip an NFT.
Users can set up custom alerts that send SMS, Telegram, Discord and webhook notifications when a wallet, holder or a collection mints, orders, buys or sells. Oddly, I couldn’t find a way to set up email notifications.
Finally, Icy Tools presents a calendar of upcoming mints to reduce time spent grinding in Discord. Hopefully, this calendar is built out so that it can surface upcoming opportunities for people who own NFTs but have missed a Discord update. This problem is something Premint is attempting to solve.
Icy Tools biggest strengths are its ease of use and price. It doesn’t take too much time to find new projects and learn more about them. I also like that it provides information about what projects do in a FAQ type alongside meaningful NFT metrics.
Icy Tools Strengths
Regarding price, the free version is relatively useful and the premium version is competitively priced versus other options. I prefer paying for software like this in USD, at least for now.
That’s because I can cancel the end of the month too, without worrying that my initial investment of Eth went up or down in value.
I was reassured to see the team is actively developing Icy Tools. According to its roadmap, some additional features are planned like an ability to consolidate multiple wallets, Solana support and a leaderboard of NFT whales.
Icy Tools Weaknesses
Icy Tools, like most NFT software and NFT websites, is relatively new. That leaves room for improvement… and inspiration for its roadmap.
The Icy Tools mobile experience is less than ideal. Icy Tools connects to a user MetaMask account. Unfortunately, the MetaMask browser on mobile is awkward to use. The iOS app is barebones, at least for now, and lacks many of the features listed above, focusing simply on wallet alerts.
As a workaround, Icy Tools provides desktop or MetaMask users with a code to log in on a standard web browser. This code expires after 30 seconds, and users get logged out after a period of inactivity too. I often log into Nansen on my mobile instead because it’s easier.
It’d be great to have some way of surfacing more meaningful metrics about the rarity of specific NFT and how this equates to its price. That would enable buyers to make smarter decisions about what to purchase or snipe on the floor. I’d also like an option to buy NFTs with Icy Tools, even if that meant paying for a professional version.
Finally, Icy Tools only supports the Ethereum Blockchain. So NFT buyers on Sol or Polygon are out of luck (for now).
Icy Tools Competitors
Competitors for Icy Tools include Nansen and WGMI. I’ve tested the premium version of Nansen extensively. Nansen costs several hundred dollars per month, but it is focused on web 3.0 and not just NFTs. It’s also building out various NFT tools, such as a bluechip index, which may eclipse Icy Tools’ metrics. That said, you’ll pay for it!
WGMI is comparably priced to Icy Tools and has a similar feature set. However, the user interface of Icy.tools is more friendly.
NFT Nerds is another popular option, and it supports buying NFTs. However, pricing is in Eth only and that can equate to several hundred dollars per month. Other options exist too but these require buying an NFT to gain access… which can translate into a loss of investment.
Icy Tools Review: The Final Word
Icy Tools is a polished and accessible type of NFT software that can help those following the market, particularly those who don’t have a large budget for expensive tools. The tool is regularly updated too.
At $75 per month and a no-quibbles cancellation policy, you won’t go wrong with Icy Tools. Use it to track your portfolio, other people’s wallets, and to find new mints.
- Relatively affordable
- Polished user-interface
- Good NFT metrics and insights
- Provides qualitative insights about NFTs too
- Mobile access cumbersome
- No support for buying NFTs
- Information about NFT rarities and traits hard to interpret