Question:

Let’s sweep some floors. Build a dashboard that tracks the floor by contract for various NFT projects in the FLOW ecosystem. We’re interested to see how you come up with your own methodology.

Include at least five projects in your dashboard, as well as any interesting metrics, notes, trends, or outliers that you see.

Overview of Analysis

This analysis aims to create a dashboard that you can track the NFT collection on Flow ecosystem.

Two control section for parameters have been used:

• Time period→ Set to 30 days by default
• NFT collection→ Set to AllDay by default

You can change these parameters and obtain the desired results for one of the mentioned collections.

Five NFT collection have been used to handle this analysis:

AllDay, TopShot, PackNFT, UFC_NFT and Race_Day_NFT

Methodology:

The data provided by Flipside has been used to handle this analysis.

In this analysis, the following topics have been covered:

• The NFT sale on Flow →FROM flow.core.fact_nft_sales

• Sale Analysis→ Sale count, Purchaser count, Sale volume, Cumulative analysis, …

• Price Analysis→ 7-day moving average for sale price, Average sale price, Max and min sale price, Bond price, Median of sale price

• Purchaser behavior→ NFT hold time, Count of NFTs hold by holders, Sale and purchaser distribution by sale price, Purchaser distribution by sale count, Crossover with other NFTs, Top traders of each collection

  The Concept of parameter based dashboard easily can be used to track the stats of specific NFT collection. The following outcomes are for AllDay collection and past 30 days.

Part 1: Sale stats

Findings

The AllDay collection in the past 30 days has following stats:

• The October first has the highest sale volume and count in the past month.
• The highest average sale in the past month belong to Tuesday and from sale count its Monday.

Part 2: Price analysis

Findings

The Price analysis of AllDay in the past month shown:

• The average sale price is 26.2 and the highest sale price occurred on October 1 with 146.
• The median of sale price in the past month is 13.
• The Trend of 7-day moving average sale price over time shown the decrement after October 8, accordingly.

Part 3: Purchaser behavior

Findings

The behavior of AllDay purchasers in the past month are as below:

• Most of the purchasers sold their NFTs in the first 24 hour.
• About half of the sales on AllDay occurred on price between 10-50.
• The huge part of AllDay purchasers have bought PachNFT collection too.
• The dominate group of purchasers bought AllDay over 5 times.

NFTs on Flow:

Non-fungible token or NFT is one of the types of unique cryptographic assets and the abbreviation is Non-fungible token.

Flow ecosystem has rising trend in NFT sector due to the various advantages. The Most notable application of NFTs are:

• Appearance, educational qualifications, history of medical records and many individual characteristics are different from others. All these features can be converted into NFT tokens and everyone can manage their own data.
• Application of NFTs on computer games.
• NFT innovation can be used to copyright digital works of art.

Conclusion:

• This dashboard presents the Sale stats, price analysis and purchaser behavior of NFTs on Flow.
• Five Collections have been selected to handle this investigation.
• Comprehensive data about famous collections on Flow provided by this analysis.

Useful links:

• Flow NFTs
• Medium doc about NFT purchase on Flow
• GitHub doc about Flow NFTs

Author:

Credited by MZG

Discord handle: m.zamani#0361

Twitter handle: @GargariZamani