Ledgible has announced the rolling out of the latest upgrade to its product which aims to improve NFT accounting and tracking.
The dev team behind the upgrade built the supporting services for NFT and DeFi to allow users to manage their virtual assets effectively. The new updates are meant to handle the increasing demand from the NFT community as the market is evolving. Legible Crypto Tax and Accounting seeks to offer a solution for both NFT traders and holders.
The new features come with automatic tracking of the NFT activity in all major standards for Ethereum NFT tokens, counting ERC1155 as well, a standard that accounts for 75 per cent of all NFTs. The new product from Legible can track cost basis, token and collection ID, date, image, and purchase information for every NFT, leading to a more complete picture of NFT portfolios. NFT traders and holders can leverage the solution to gain a better perspective of their holdings and NFT value over time.
The upgrade enables uninterrupted API connection. Users can choose manual import as well which also applies to the read-only wallet address. Ledgible’s product is meant to appeal to users, even to those who are new joiners in the NFT world.