Algorand NFTs

    Let’s look at the Algorand NFT scene from a high level

    Q1: How many wallets(distinct) currently hold an NFT?

    First, we extract ASSET_IDs related to NFTs from the algorand.asset table. then we count the unique number of addresses from the account_asset table that hold NFT assets with extracted ASSET_IDs.

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    Q2: Wallets that have created an NFT

    we count the unique number of addresses from the account_asset table that create NFT assets

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    Q3: distribution of the number of NFTs held per wallet for wallets that hold at least 1 NFT.

    The chart below shows the distribution of the number of NFT assets in the top 500 wallets with the highest amount of NFTs held. As it turns out, a large number of wallets hold less than 1000 NFT.

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    Q4: calculate the average amount of ALGOs NFT holders have, is this more or less than non NFT holders?

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    According to the results, it can be seen that non-NFT holders have on average 39% more Algos than NFT holders

    Q5: How many active wallets/what percent of wallets hold at least 1 NFT?

    we calculate the number of wallets that hold at least 1 NFT like Q1 and we divide it by the number of all wallets created on algorand.

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    we calculate the number of wallets that hold at least 1 NFT like Q1 and we divide it by the number of active wallets (we define a wallet address as an active wallet if it has at least 1 transaction 3 months ago)

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    Q6: Do we see new wallets joining algorand and buying NFTs or is it mostly older wallets buying/holding NFTs?

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    We consider the new wallets as the addresses that have joined Algorand Blockchain in the last 3 months. About 40% of all NFT holders have joined Algorand Blockchain in the last 3 months.

    Q6: How many total, non-closed NFTs are on the algorand network? Show their creation over time

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    According to the chart below, the number of NFTs built on the Algorand blockchain has increased since September 2021. Also, on March 24, 2022, the largest number of NFTs was created on the Algorand blockchain, which is equal to 12380.

    Q7: How many NFTs use the ARC3 vs ARC69 standard?

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    As can be seen, the number of NFTs built according to ARC 69 is much higher than the number of NFTs built according to ARC 3 standard.

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    Description of Work: In this work, we examine the NFTs on the Algorand blockchain from different perspectives. like:

    • the number of wallets(distinct) currently hold an NFT.

    • the number of wallets(distinct) have created an NFT.

    • distribution of the number of NFTs held per wallet for wallets that hold at least 1 NFT.

    • the average amount of ALGOs NFT holders have, is this more or less than non-NFT holders?

    • active wallets/what percent of wallets hold at least 1 NFT?

    and etc.