Try Quests to earn cryptoNFT Royalty Comparison
What we will cover in this dashboard?🌊
- Daily Royalty Payout in USD Divided by Platforms
- Daily Sales Volume in USD and Sales and Royalty Payout
- Daily and Share of Top Collections by Royalty Payout in USD
- Distribution of Sales, Sales Volume and Buyers in All Platforms
- Total and Percentage of Royalty Payout per each Platform
- Top 10 Buyers and Collections with the most Royalty Payout
Method⚡
In this dashboard i went through 4 popular marketplaces on ==ethereum== that i mentioned earlier and explored their ==royalty payout== and compared them to each other and analyzed some additional metrics too.
I used ==Ethereum.core== database provided by Flipsidecrypto and mainly used
==“ethereum.core.ez_nft_sales”== table to gather the data that i needed.
All the data and charts that you are going to see are since July (2022-07-01) until today (2022-10-06)
Introduction🚩
What is ==Royalty Fees==?
Creators can fix a royalty in the smart contract during the minting of the NFT. Usually, the royalties vary from 5 percent to 10 percent, and the amount is automatically sent to the artist's wallet once a subsequent sale is executed.
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What is ==OpenSea==?
OpenSea is the world's largest decentralized peer-to-peer exchange marketplace for the acquisition and trade of NFTs. It permits users to transact with one another in a trustless, immediate and absolute manner.
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What is ==X2Y2==?
X2Y2 is dubbed as “the decentralized NFT marketplace by the people, for the people,” and envisions itself to give back to the community. It was launched in February 2022 to address the issues that OpenSea, the oldest and largest NFT trading platform, has in its ecosystem.
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What is ==Looksrare==?
LooksRare is the web3 NFT Marketplace where traders and collectors have earned over $1.3 Billion in rewards. SellExplore. Trending Collection. RENGA Black Box. Top Collections Today.
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What is ==Rarible==?
Rarible is an Ethereum-based platform that facilitates the creation, sale, and purchase of ownership rights to digital works of art via non-fungible tokens (NFTs). NFTs are one-of-a-kind crypto assets that are used to represent unique items such as collectibles and works of art.
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- These 4 platforms recorded over ==90M== royalty payout in past 3 months
- ==OpenSea== had the ==most== and ==Rarible== had the ==least== royalty payout between these 4
- ==OpenSea== had the ==most== royalty payout on ==Aug 10th==
- In past 3 months, ==OpenSea== royalty payout has ==decreased== slightly
- Sale volume in these 4 platforms has decreased almost ==50%== since ==Aug 10th==
- They had the ==largest== sale volume and also royalty payout on ==Aug 10th==
- Since ==July==, their number of daily sales didnt recorded any sudden move or big swing
- Royalty Payout dropped almost ==40%== since ==Aug 10th==
- ==July 9th== and ==Aug 10th== were 2 big days for royalty payout
- ==The otherside== has the ==highest== royalty payout between all NFT collections
- ==The otherside==, ==art blocks== and ==opensea== collections accounting almost ==30%== of all collections by royalty payout
- ==OpenSea== is the ==biggest== platform among platforms with authority by ==royalty payout==
- ==X2Y2== and ==Looksrare== kinda have the ==same== royalty payout
- Percentage of royalty payout in ==OpenSea== and ==Rarible== is more than other 2
- The Percentage of Royalty Payout priority---→ ==1.OpenSea== ==2.Rarible== ==3.Looksrare== ==4.X2Y2==
- ==“0x36c72892fcc72b52fa3b82ed3bb2a467d9079b9a”== paid the most royalty fee ==(279.84K)== in ==OpenSea== between all buyers and platforms
- 9 of top 10 buyers are from ==OpenSea== and 1 from ==Looksrare== between all the platforms
- ==“0x7379a2a2f2f534760b5608b481bb7d7a95ef9f0b”== spent the most royalty fee on ==Looksrare==
- Users paid the most royalty fee on ==art blocks== and ==the otherside==
Conclusion💡
- In overall, ==OpenSea== is much bigger than other 3 marketplaces and in fact its the biggest NFT marketplace on ==ethereum==
- ==OpenSea== had the ==highest== royalty payout in past 3 months
- ==OpenSea== recorded almost ==85M== royalty payout in past 3 months while ==X2Y2==, ==Looksrare== and ==Rarible== together recorded under ==6M==
- Platforms recorded their biggest sales on ==Aug 10th== and most of it was for ==OpenSea==
- ==The other side== and ==art blocks== paid the most royalty fees in past 3 months between these 4 platforms and all collections
- ==$0 royalty fee== was in top 3 for sales, sales volume and buyers distribution
- ==$0-$5 royalty fees== had the same number of buyers in past 3 months
- ==OpenSea== and ==Rarible== have more royalty payout than ==X2Y2== and ==Looksrare==
- ==“0x36c72892fcc72b52fa3b82ed3bb2a467d9079b9a”== and ==“0x7379a2a2f2f534760b5608b481bb7d7a95ef9f0b”== paid the most royalty fees on top 3 platforms, first address in ==OpenSea== and the second one in ==Looksrare==
- ==The otherside==, ==art blocks== and ==potatoz== have been paid the most royalty fees since ==July==
- Most sales ==(1,075,856)== had ==$0-$1 Royalty fees== in past 3 months
- ==$0-$5 Royalty fees== are accounting over ==50%== of sales distribution
- ==64.2%== of Sales volume had ==$0 royalty fees==
- Almost ==20%== of sales volume had between ==$100-$500== and over ==$500 royalty fees== since ==July==
- ==$0-$5 royalty fees== have the same number of buyers
- Over ==55%== of buyers spent ==$0-$10 royalty fees==