NFTs in 2022

2022 Retrospective

A peak into 2022 Ethereum’s NFTs scene

This report will touch on the next categorys:

For starters, this data was mostly provided by Flipside with the help of Etherscan to identify the names for the projects which are not all inside Flipside’s Database.

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The process for almost every table was to group each nft collection into one group, and then ordering them all considering the corresponding math function.

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Some NFT_projects were left out:
- Opensea Storefront, because it is the integrated minting functionality of Opensea, it groups all collections its mint inside the same contract, making it hard to analyse by itself.
- ENS, because its more of a domain badge than a collectible. (I recon is debatable).
- Rari, the same as OpenSea, is its own minting contract.
- Uniswapv3 Liquidity NFTS, these represents liquidity positions inside Uniswap.
- Curve SynthSwap, made for high volume swaping across assets to reduce spread. But with a high fee.
The Flipside tables used for this report were:
- ethereum.core.ez_nft_sales to find sales
- ethereum.core.ez_nft_mints to find mints

These projects saw the biggest fall in their peak market caps during 2022 and their current market cap evaluation.

Observations

Most NFT projects have a holding period of less than 1 week.
Less than 3% of projects hold for more than 3 months.
In average a person holds a project for 15 days.
The top projects held for more than 320 days. :diamond_shape_with_a_dot_inside:

Observations

The top earner since its mint phase till today, is Gods Unchained, a TTC game, reaching 221 billions in market cap (consider that this takes the floor per week and multiplies it by each card minted in Gods Unchained)
The top earner since 2022 tho, its Bored Ape Yacht Club in 2022, which market cap grew by 46 Billions.
The smallest earner in 2022 would be Art Blocks, with a measly 3.5 billions in growth.

Observations

The top 10 Highest individual sales in 2022 were all Meebits.
By projects tho, LOOT’s highest sale is pretty close with 47 millions in one single sale.
The project with the lowest top single sale is n, with 3.3 millions in one single sale.

Observations

The projects with the lowest mint/sell ratios are those who sold more than they minted
- An example of this would be Gods Unchained, due to its huge amount of mints but even bigger number of sales, which is expected of a Trading Card Game.
- All these projects are highly traded projects considering their amount of sales by mint.
The projects with the highest mint/sell ratios are those who minted more than they sold.
- An Example of these are Bobu, the Bean Farmer and Adidas Originals. Both minted far more than they sold.
- These projects should be considered as highly held projects.

Observation

Even tho ArtBlocks did accumulate the highest USD Volume in minting, this did not necesarilly increased the avg minting cost. Hovering around 1.4k USD per mint.
JRNY NFT Club accumulated the least USD volume in minting and per average it cost 5k USD per nft.
RTFKT costed the highest per mint, with an average of 11k per mint.