Question:

How does Speedway Motorsports RaceDay NFTs stack up to sports NFT collections in the FLOW ecosystem? What other projects are RaceDay fans buying?

Create a dashboard that shows off a high-level project overview of RaceDAY. Include at least these metrics, along with any others you find notable or interesting:

• Average Sales volume (daily/weekly/monthly)
• Total Sales Volume
• Secondary Sales vs. Mint Sales
• Daily Average Sales Price and 7-day moving average
• Total Unique Buyers
• Average Buyers/Day
• Social Mentions/Shares

In the second part of this bounty, look for cross-project comparative metrics like the following:

• Other collections RaceDay fans are buying
• Purchase frequency, or the distribution of tokens owned per wallet
• Average Number of NFTs held per wallet
• Average Purchase Price of NFTs held by RaceDay fans

Flow and RaceDay NFTs:

Non-fungible token or NFT is one of the types of unique cryptographic assets and the abbreviation is Non-fungible token. NFT tokens are transferable and exchangeable. Irregular tokens can be easily stored in digital wallets and included in exchange transactions.

RaceDay NFT is a first-of-its-kind motorsports NFT marketplace for race fans offering various collectibles.

Various motorsports have been placed on this marketplace like NASCAR.

The Flow blockchain is house of this marketplace and make it available on WEB3 universe to buy and sell the NFTs related to the motorsports.

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
• RaceDay NFTs→ NFT_COLLECTION='A.329feb3ab062d289.RaceDay_NFT'
• Purchaser behavior by sale volume
• NFT hold time
• Count of NFTs hold by holders
• The reasons of NFTs value increment over special periods
• Average sale price
• Average sale volume per day
• 7-day moving average for sale price

Part 1: General stats

Findings:

• April, 2022 is the month with highest sale volume and specially between April 18 to 25.
• The highest sale count happened on the first week of August, 2022.
• The RaceDay NFT mints is greater than secondary sale as can be seen.
• The highest minters occurred on May, 2022.

Part 2: sale over time

Findings:

• Wednesdays are the most busiest day of week for RaceDay NFT sale.
• April 20 is responsible for highest average sale price. But the 7-day moving average reached its highest value on April 20 to 27.
• The grow rate analysis reveals the breakpoints for sale count and special dates can be capitalized according to chart.

Part 3: Purchasers behavior

Findings:

• Most of the sales happened for less than 10 USD as can be seen with large group of purchasers.
• The distribution from count of buy point of view shown that most of the users bought RaceDay NFTs only for 1 time.
• Most of the purchasers sold their NFTs within the first 24 hour of buy.
• 68 unique purchaser held over 4 RaceDay NFTs and its the highest count of holders.

Findings:

• The top purchaser of RaceDay NFTs has bought over 5203 USD and 503 sale number.
• The most successful RaceDay NFT trader is ==0xb2f3114256544984== with near 2500 USD profit.
• Now lets dive deep on purchasers and minters of RaceDay NFTs. It can be seen that only 22 unique purchasers bought NFTs from secondary sale and mint both.
• The purchasers of RaceDay NFTs bought TopShot, AllDay and PackNFT more than other collections beside RaceDay NFTs.

Conclusion:

• About 8.6 tweets have been share per day on twitter.
• Most of the purchasers of RaceDay NFTs bought NFTs from TopShot.
• About 30% of purchasers bought RaceDay NFTs more than 5 times.
• The stats related to the mint of RaceDay NFT was higher than secondary sale as can be seen.
• The common users between minters and purchasers determined by this investigation.

Useful links:

• Flow NFTs
• RaceDay NFTs
• Twitter of RaceDay NFTs

Author:

Credited by MZG

Discord handle: m.zamani#0361

Twitter handle: @GargariZamani