Introduction

Following to the previous dashboard, this dashboard dive deeper into the ALGORAND NFT ecosystem.

First, the dashboard provides an overview of NFT collections on Algorand. Then, it compares two early popular NFT marketplace on Algorand, Rand.Gallery and ab2.gallery, in terms of sales volume and user adoption.

Results

According to the data, the total number of collections of NFTs on Algorand is about 15K.

The graph below shows how many new collections are being launched every month. We can see in the blossoming months of NFT market, the number of NFT collections exceeded 2000 collections.

The number of new collections has been declining since November 2021.

The graph below shows the top collections in terms of number of NFTs.

For the rest of analysis, we will focus on two important NFT marketplace built on Algorand: ab2.gallery and Rand.gallery.

Graphs below compares ab2 and Rand gallery in terms of, respectively, the number of sales, and unique buyers.

We can see that before September 2021 ab2 gallery had a high number of sales and unique buyers. However, since then rand.gallery has outperformed it.

Comparing the amount of sales, we can see that rand.gallery keep growing. However, since November 2021 the monthly amount of sales on ab2.galllery has declined.

The cumulative sum of sales also show how rand.gallery grew in times of ab2 decline.

The summary of findings

• So far about 15K NFT collections in total has been created on Algorand.

• The number of new collections has increased by November 2021. Since then the trend has declined.

• Before November 2021 ab2 gallery had a better performance and higher popularity than Rand. However, since then rand.gallery has outperformed ab2.