Introduction to NFT

A non-fungible token (NFT) is a distinctive identifier that may be used to assign and establish ownership of digital assets using cryptography. To claim that NFTs or digital artwork are popular would be an understatement given that they have sold for millions, if not tens of millions, of dollars.

Through online exchanges or marketplaces, you may purchase, sell, trade, and create NFTs. Price can be set by the original creator or the current owner. Alternately is that users might have to place a bid on the NFT in an auction.

Dashboard introduction

In this dashboard, we will look into the Flow NFT Ecosystem. To begin, we will first examine the overall analysis for Flow NFT. Next, we will be comparing NBA Top Shot and NFL All Day because they are the two most popular sports NFT collections on Flow. Additionally, the NFL Regular Season just just officially started on September 9th, whereas the NBA season just finished around three months ago. The season's effect on Flow's NFT sales will be examined.

Approach

1. Table used: flow.core.fact_nft_sales
2. NBA Top Shot address: A.0b2a3299cc857e29.TopShot
3. NFL All Day address: A.e4cf4bdc1751c65d.AllDay
4. New users calculation only accounts for user’s first transaction on Flow. Therefore, there will be no duplication of wallets.

Topics

1. Overall Flow NFT analysis
2. NBA Top Shot vs NFL All Day
3. Conclusion

Overall Flow NFT analysis

• The metrics above shows the Overall Flow NFT analysis.
• As can be seen, the USD volume on Flow have remained above 3 million USD on most of the days.
• In the month of September, Flow NFT saw a slight decrease in volume and purchases when compared to previous month.
• The top NFT collection by USD on Flow is NBA Top Shot with a total of 51.08 million USD sales volume.
• Starly Card and NFL All Day came in second and third with 47.84 million USD for Starly Card and 23.74 million USD for NFL All Day.

Next, let’s look at the comparison between NBA Top Shot and NFL All Day.

NBA Top Shot vs NFL All Day

NFT Sales Volume

NFT Sales Transactions

NFT Purchasers

• The metrics above shows the NFT sales volume for NBA Top Shot and NFL All Day.
• We can see that the sales volume for NBA Top Shot has been in a declining trend over time. With 1.22 million USD generated on April 26th to hitting an all time low at 48.17k on September 18th.
• Moreover, since the NBA season ended on June 17th, the daily sales volume for NBA Top Shot has not exceeded 600k USD.
• NFL All Day on the other had saw a huge increase in sales volume since the Regular Season started on September 9th.
• The sales volume reached an all time high on September 12th with 1.32 million USD in sales volume.
• Nonetheless, NBA Top Shot have generated a total of 51.2 million USD, while NFL All Day generated 23.7 million USD, less than half of the total amount of NBA Top Shot.

• The metrics above shows the NFT sales transactions for NBA Top Shot and NFL All Day.
• Similarly, the sales transactions for NBA Top Shot was gradually declining since the NBA Playoffs.
• Sales transactions for NFL All Day skyrocketed since start of the Regular Season.
• As a result, we may infer that the season’s effect does boost the sales of the NFT collection.

Conclusion

1. Overall Flow NFT Ecosystem:

   • On most days, the USD volume on Flow has maintained over 3 million USD.

   • In comparison to the prior month, volume and purchases of Flow NFT noticeably decreased.

   • The top 3 NFT Collection by USD Volume are NBA Top Shot, Starly Card and NFL All Day.

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2. NBA Top Shot vs NFL All Day:
   • Since the NBA season ended, the sales and purchasers for NBA Top Shot have significantly decreased.
   • On the other hand, NFL All Day saw a massive increase in sales volume and transaction after the start of the Regular Season on September 9th.
   • However, the number of new wallets for NFL All Day did not follow the same trend.
   • As a conclusion, we may conclude that season’s effect does diminished the sales of NBA Top Shot and considerably boost the sales for NFL All Day. Nevertheless, due to the fact that there were few new wallets purchasing, it is plausible to say that old wallets contributed largely to the the increase in sales volume and transactions.

• The metrics above shows the NFT purchasers for NBA Top Shot and NFL All Day.
• After the NBA season ended, we can observe that there were less than 500 new wallets purchasing NBA Top Shot each day.
• Although NFL All Day saw a massive increase in sales volume and transaction, the number of new wallets did not follow the same trend.
• Therefore, it is reasonable to say that the spike in sales volume and transaction is due to regular wallets purchasing more from NFL All Day collection.