Introduction

NFTs, or non-fungible tokens, are digital assets certified through blockchain technology. The cryptography of these tokens is what makes these assets unique: no two are the same, and they cannot be exchanged with each other. This makes it possible to prove that the person who bought them is their sole owner. They can be practically anything that can be digitized: from works of art, to memes, tweets, photographs...

Flow blockchain has been one of the top trending platforms with a huge activity growth during 2022, and the main reason was because of its support to NFTs and its collaboration with high and popular entities like NBA or NFL.

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Methods

In this analysis, we are gonna sweep some floor prices for five top collections currently availabl on the Flow blockchain..

To do so, I have built this dashboard that not only shows some of the basic NFT activity such as buyers and sellers, volume, etc. but also tracks the floor by contract for various NFT projects in the FLOW ecosystem. In concrete the following ones:

• NFL All Day
• NBA Top Shot
• RaceDay
• UFC
• TuneGO

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Global NFT activity

Looking at the floor daily price, we can see how the major of the collections have had similar floor prices instead of RaceDay, in this case, we can see how the floor price has been going up and down day by day reaching a lowest floor price lower than 1 and a higher floor price at 80 USD. It is due because of the low amount of sales.

On the other hand, if we take into account the floor price 7-day moving average (MA), we can see that there is an uptrend for all of the collections. But, while for UFC and NBA Top Shot collections seems that the Floor price threshold is consolidated at around 1 USD, for the rest of the collections the floor price has been increasing over time, being the minimum price paid per NFT higher.

Collection specific NFT activity by marketplace

In these final charts, we can see the average NFT price per each marketplace in order to track if in some of them the NFTs are being sold in a higher range. As well, we can see the average price 7-day MA.

Another important charts to evaluate are the floor price evolution over time on each marketplace for the collection as well as the floor price 7-day MA.

Key insights

• Thanks to this dashboard, the reader can track the NFT activity of a specific collection per each available Flow marketplace. The collections to be choosen are: NBA Top Shot, NFL All Day, RaceDay, UFC and Tune GO.
• As well, reader can learn more about all of these collections reading the first section about the global activity of these 5 collections considering all Flow marketplaces.
• Regarding the results, there are three of these collections with a high number of sales: NBA Top Shot, NFL All Day and UFC_NFT.
• During the first days, the amount of NBA Top SHot was higher than NFL All Day, but the situation has been reverted over the past days.
• In terms of user activity (buyers and sellers) we can see a huge difference between NBA and NFL All Day collections againt the rest. While NBA Top Shot ativity users decreased over time, the numbers in NFL All Day had a huge increased on September and seems that the numbers remained.
• Looking a the USD volume sold, something similar occurred with the volume.
• Looking at the floor daily price, we can see how the major of the collections have had similar floor prices instead of RaceDay, in this case, we can see how the floor price has been going up and down day by day reaching a lowest floor price lower than 1 and a higher floor price at 80 USD. It is due because of the low amount of sales.
• If we take into account the floor price 7-day moving average (MA), we can see that there is an uptrend for all of the collections. But, while for UFC and NBA Top Shot collections seems that the Floor price threshold is consolidated at around 1 USD, for the rest of the collections the floor price has been increasing over time, being the minimum price paid per NFT higher.

In these first charts we have information about the NFT activity of these 5 Flow NFT collections. The first one shows the the number of sales by each collection in a log scale in order to be compared properly the evolution. As it can be seen, there are three of these collections with a high number of sales: NBA Top Shot, NFL All Day and UFC_NFT. However, among them, the two first have big numbers in comparison to UFC_NFT. It is to say that during the first days, the amount of NBA Top SHot was higher than NFL All Day, but the situation has been reverted over the past days.

The buyers and sellers charts are similar and show similar trends for all of the collections. In these cases, we can see a huge difference between NBA and NFL All Day collections againt the rest. While NBA Top Shot ativity users decreased over time, the numbers in NFL All Day had a huge increased on September and seems that the numbers remained.

Looking a the USD volume sold, something similar occurred with the volume. In this case, the volume has increased on September for NFL All Day but then has been decreasing and now, the NBA and NFL volume amounts are similar. THe rest of the collections have lower amounts as expected.

In these first charts of the specific collection marketplace analysis, we can see the amount of sales done on each marketplace for the choosen collection (NBA Top Shot is the default one). As well, it can be compared the amount of buyers and sellers on each marketplace, as well as the volume sold in USD.

For the second part of the analysis, you can choose one of the five collections involved in the study. To do so, you have to choose the collection by clicking on the collection parameter on the top-left section and once selected, press the “Apply All Parameters” button to update the results.