How to Check NFT Backing On-Chain: A Step-by-Step Guide

"Check it on-chain" is something we say a lot at ANON. This guide shows you exactly what that means in practice. You do not need any technical skills, and you do not need to connect a wallet just to look. Everything here is read-only: you are viewing public records, not signing anything.

Why bother checking?

Anyone can make claims on a website, including us. The useful thing about a blockchain is that the record is public. Mints, transfers, sales and donations are all recorded as transactions that anyone can look up. Checking for yourself is the best habit you can build in the NFT world, whichever project you are looking at.

What you will use

1. The Liquid NFT Marketplace at liquidnfts.finance, which shows collection figures and activity in a friendly layout.

2. A block explorer, which is a website that lets you search the raw blockchain record. Which one you use depends on the chain:

- For Polygon: Polygonscan, at polygonscan.com

- For the BESC blockchain: the BESC Hyperchain explorer, at explorer.beschyperchain.com

Most ANON collections are on Polygon, and ANON Apes were minted on the BESC blockchain. Step 2 below shows how to confirm the chain for any NFT.

A quick tip on safety: type these addresses yourself or use bookmarks. Fake explorer and marketplace sites do exist.

Step 1: Open the collection on the marketplace

Go to liquidnfts.finance and find the collection, either by searching or by following the link from our Anon Collections page. The collection page shows headline figures such as:

- Floor price, the lowest current listing price

- Volume, the total value traded

- Items, how many have been minted out of the total supply

- Listed, how many are currently for sale

Remember that the floor price is a listing price, set by sellers. It is not the same thing as the liquidity held against each NFT.

Step 2: Find the blockchain details

Click on any individual NFT in the collection. On its page you will find a Blockchain Detail section showing:

- Contract address, the address of the collection's smart contract

- Token ID, the number of that specific NFT

- Token standard, for example ERC-721

- Blockchain, which tells you which chain it is on

Copy the contract address. There is usually a copy button next to it. This is the key that unlocks everything else.

Step 3: Look at the marketplace activity

Back on the collection page, open the Activities tab. This is a feed of what has happened in the collection, such as mints, sales, listings and liquidity donations. The marketplace also has a site-wide Activities page.

This is where you can cross-check ANON's liquidity boosts. Pick a date from our Proof of Work or Liquidity Boosts page and look for a matching entry in the collection's activity.

Step 4: Look up the contract on a block explorer

Open the right explorer for the chain from Step 2, paste the contract address into the search bar and press enter. You will land on the contract's page. From here, the useful views are:

- Transfers or token transfers, showing every NFT movement, including mints

- Holders, showing which wallets hold NFTs from the collection and how many

- Inventory, showing individual token IDs

On a mint, you will usually see a transfer from the "zero address" (a long string of zeros) to the buyer's wallet. That is what a newly created NFT looks like on-chain. A burn, which is what happens when an NFT is redeemed, often shows as a transfer to the zero address or to a burn address.

Step 5: Open a single transaction

Click on any transaction hash, the long string starting with 0x. The transaction page shows:

- Status, whether it succeeded or failed

- Timestamp, when it happened

- From and To, the wallets and contracts involved

- Tokens transferred, including any FUSD that moved as part of the transaction

This is where you can see FUSD moving during a mint, sale, redemption or liquidity donation. Explorers present this slightly differently, so take your time and look at the token transfer lines.

Step 6: Check a wallet

If you want to see what a particular wallet holds, paste its address into the explorer. The address page shows its token balances, NFTs and transaction history. This works for your own wallet too, which is handy for confirming that a mint or purchase arrived.

How to read what you find

- The marketplace is the easiest place to see the liquidity figure shown against a collection or NFT, presented in a readable way.

- The explorer is where you confirm that the underlying transactions really happened.

- If the two seem to disagree, or you cannot find something, the marketplace's own Help pages are the best place to start, and you are welcome to email us.

We cannot give you a single "backing address" to check, because the liquidity is held within the Liquid NFT Marketplace's own contracts, and how those contracts are arranged is up to the platform. For the exact details of where funds sit and how redemptions are calculated, check the marketplace's own documentation.

A note about older records

The Liquid NFT Marketplace moved from its first version (V1) to a new version (V2) in 2026. Following that migration, some original V1 data is no longer shown through the current system. To keep a record of that period, ANON has published a certificate from Liquid NFTs confirming our V1 donations on the ANON Proof of Work page. Records from V2 onwards can be checked directly as described above.

Common mistakes to avoid

1. Looking on the wrong chain. A Polygon contract address will not show up on the BESC explorer, and the other way round.

2. Confusing floor price with backing. One is set by sellers; the other is held in the marketplace's contracts.

3. Trusting screenshots. Screenshots can be edited. The live explorer cannot.

4. Connecting your wallet to look. You do not need to. If a site insists you connect a wallet just to view information, be cautious.

A two-minute checklist

- Find the NFT on liquidnfts.finance.

- Note the chain and copy the contract address.

- Open the collection's Activities tab.

- Search the contract on Polygonscan or the BESC explorer.

- Open a recent transaction and look at the token transfers.

Where to go next

- Compare what you find with the ANON Proof of Work and Liquidity Boosts pages.

- Read What Is Liquidity Backing? and How the Liquid NFT Marketplace Works.

- Browse our Anon Collections page.

Important: This guide is for general information only and is not financial advice. NFTs and cryptoassets are high risk. Resale prices can fall below what you paid, and liquidity backing does not guarantee any resale price, redemption amount or return. Figures are correct at the time of writing; check the Proof of Work page and on-chain.