Flovatar NFT Collection is a unique collection of Non-Fungible Tokens (NFTs) that are built on the Flow blockchain. Each NFT in the collection represents a distinctive 3D avatar that is carefully designed to capture the personality and style of its owner. The Flovatar NFTs are highly sought-after due to their exceptional quality and limited availability. As a result, they have gained significant popularity among collectors and investors alike. The Flow blockchain, which is known for its scalability and high throughput, provides a secure and reliable platform for the Flovatar NFT Collection, ensuring that these valuable digital assets are protected and easily accessible.

Recently, the Flovatar NFT Collection has announced the release of their very own utility token called DUST. This new utility token will play a vital role in powering the massive Flovatar Universe and provide the Flovatar Collection with a range of exciting features. Some of the features that the DUST utility token will enable include naming the Flovatar, creating a bio for the Flovatar, upgrading the Flovatar's 3D design, upgrading the Flobits, participating in special swag purchases, and even participating in the Ultimate 1/1 Flobit auction. Additionally, DUST token holders will be able to unlock Metaverse/gaming features and participate in DAO voting, providing them with an active role in shaping the future of the Flovatar NFT Collection (read here for more info).

Few weeks ago, the first testnet phase was launched for the DUST utility token at https://testdust.flovatar.com. This test phase allowed users to get a sneak peek at the features that the DUST token will offer, and it also enabled the Flovatar team to refine the token's functionality and user experience. On March 6th, the first test DAO voting was executed successfully, marking a significant milestone in the development of the DUST utility token. With the launch of the DUST utility token, the Flovatar NFT Collection is poised to become even more valuable and engaging, offering a unique and exciting opportunity for collectors and investors alike.

Several actions taken place to boost the DUST launch and one of the most important one have been the ROAD TO DUST milestones giveaways launched on Flovatar's Twitter profile, in which each week users are being able to win standard collection packs.

The intention of this dashboard is to analyze the impact of this incentive to the NFT activity on Flow and the change in NFT prices.

The results obtained regarding the impact of the ROAD TO DUST milestone giveaways on the Flovatar NFT collection on Flow Blockchain are interesting.

Firstly, let's discuss the increase in NFT sales during the giveaway period. This is likely due to the fact that the milestone giveaways incentivize individuals to purchase Flovatar NFTs in order to have a chance at winning the giveaway. The giveaway creates a sense of urgency and excitement around the collection, leading to an increase in demand for the NFTs.

Secondly, the decrease in activity during the announcement day can be attributed to the fact that it is a transition day between milestones. Individuals may be waiting for the next milestone giveaway to be announced before making another purchase, leading to a lull in activity on the announcement day.

Thirdly, the spike in sales a few days before the giveaway announcement may be due to individuals anticipating the next milestone giveaway and wanting to increase their chances of winning by purchasing NFTs before the announcement.

Fourthly, the ATH (All-Time High) in sales occurring over the past week is likely due to a combination of factors, such as the excitement and hype around the collection, the increase in demand for NFTs, and potentially a big sale occurring during this time period.

Moving on to the NFT price, the average price staying relatively stable over time suggests that the value of the NFTs is consistent. However, the big jump in average price during the past week could be due to a big sale occurring during this time period, or potentially due to the increase in demand for NFTs.

Regarding volume, the increase in volume between milestones and the decrease in volume during the announcement day is likely due to the same factors discussed earlier. The milestone giveaways incentivize individuals to purchase NFTs, leading to an increase in volume during this period, while the announcement day is a transition day where individuals may be waiting for the next milestone giveaway to be announced before making another purchase.

Lastly, the decrease in active buyers during the announcement day could be attributed to individuals waiting for the next milestone giveaway to be announced before making another purchase, leading to a temporary decrease in activity on this day.

Overall, the impact of the ROAD TO DUST milestone giveaways on the Flovatar NFT collection on Flow Blockchain is clear, with the giveaways incentivizing individuals to purchase NFTs, leading to an increase in sales, volume, and potentially the value of the NFTsT

The analysis indicates that the majority of sales are attributed to Flovatar Components, with spikes in sales registered thanks to them. This could be due to the fact that Flovatar Components are necessary to complete a Flovatar NFT, making them a valuable and essential part of the collection. The increase in sales of Flovatar NFTs could be attributed to the overall increase in demand for NFTs, as well as the excitement and hype around the Flovatar collection.

In terms of volume, the majority of volume is caused by the Flovatar sales, comprising a big part of the volume in comparison to the Flovatar Components. This could be because Flovatar Components are sold separately and individuals may only purchase them when they are completing a Flovatar NFT, while Flovatar NFTs can be purchased as standalone items.

The NFT sales price spike registered over the past week is originated by the Flovatar sales, while the Flovatar Components seem to not be affected by the Milestones Giveaways. This could be because the Milestones Giveaways incentivize individuals to purchase Flovatar NFTs as standalone items, rather than purchasing Flovatar Components separately. Additionally, the Flovatar NFTs may have unique attributes or characteristics that make them more valuable and sought after, leading to an increase in their price.

Finally, the analysis indicates that there are more Flovatar Components buyers than Flovatar buyers. This could be because individuals may purchase Flovatar Components separately in order to complete their Flovatar NFTs, while others may only be interested in purchasing standalone Flovatar NFTs.

Overall, the analysis of activity by NFT type in the Flovatar NFT collection on Flow Blockchain suggests that Flovatar Components are an essential and valuable part of the collection, while Flovatar NFTs can also be sold as standalone items. The Milestones Giveaways seem to be more effective in driving sales of Flovatar NFTs as standalone items, while Flovatar Components may be more popular among buyers who are interested in completing their Flovatar NFTs.

• The ROAD TO DUST Milestones Giveaways seem to have a significant impact on the number of NFT sales, with activity increasing between milestones. However, the activity seems to decrease during the announcement day, which is the transition day between one milestone and the next one.

• The majority of sales are attributed to Flovatar Components, which are necessary to complete a Flovatar NFT. The increase in sales of Flovatar NFTs could be attributed to the overall increase in demand for NFTs, as well as the excitement and hype around the Flovatar collection.

• The volume is more split than the sales, with the majority of volume being caused by the Flovatar sales, comprising a big part of the volume in comparison to the Flovatar Components even though the differences in sales are not as significant.

• The NFT sales price spike registered over the past week is originated by the Flovatar sales, while the Flovatar Components seem to not be affected by the Milestones Giveaways. This could be because the Milestones Giveaways incentivize individuals to purchase Flovatar NFTs as standalone items, rather than purchasing Flovatar Components separately.

• There are more Flovatar Components buyers than Flovatar buyers, indicating that individuals may purchase Flovatar Components separately in order to complete their Flovatar NFTs, while others may only be interested in purchasing standalone Flovatar NFTs.

First of all, we need to know which type of NFTs Flovatar collection presents:

• A Flovatar NFT is a unique digital asset that represents a customizable avatar designed by the Flovatar team. The Flovatar NFT collection is built on the Flow blockchain, providing users with a secure and decentralized platform to buy, sell, and trade these one-of-a-kind digital assets.
• Each Flovatar NFT is composed of several different Flovatar components, which can be customized by the owner to create a unique and personalized avatar. These components include the head, body, and legs of the Flovatar, as well as accessories such as glasses, hats, and backpacks.