I was able to come as far as creating the plugin “Sync and Watch Contract Events” which lists the transfer of this specific contract and it works fine. The next step was to do something every time there is a new transaction. How would I do this? Would I use cloud functions? Live queries?
it depends what you mean by
The next step was to do something every time there is a new transaction, it is related to the above statement, or something totally different?
you could use hooks as beforeSave to run cloud code when a transaction/event is synced in db.