Introduction

Algorand is a smart-contract oriented platform pretty similar to Ethereum but with few key differences that the Algorand development team claims improve security, decentralization, speed and cost of the transactions. In other words, as a decentralized autonomous network founded on the principles of autonomy, security, and decentralization, Algorand addresses the Blockchain Trilemma by achieving speed, security, and decentralization at the same time. .

In this dashboard, we will see the NFT sale metrics for selected marketplace (from dropdown) on Algorand chain, by choosing the time_unit (day/week/ month) and time_period of our choice, with supporting visuals or graphs.

What are NFTs?

NFTs stands for Non-fungible tokens, where in Non-fungible can be defined as something that cannot be exchanged for another item because its unique. For example, one piece of Art is not equal to another as both will have unique properties.

Basically, NFTs are tokens that lives or survives on a blockchain and represent ownership of unique items. These NFT tokens in general will contain bit of information specific to it, such as unique token name, symbol etc.. and will be owned by the creator or artist of that token.

These NFT tokens will be sold by performing sell & buy transactions on the particular blockchain.

Methodology

For this analysis, we will look at the NFT sale metrics such as Total number of NFT sales, total sales volume, average sales price, total number of unique buyers etc.. for the selected marketplace and selected time period on Algorand platform. We will be deriving data for this analysis using the Algorand new NFT schema tables such as algorand.nft.ez_nft_sales, algorand.nft.ez_nft_asset and algorand.core.ez_price_pool_balances.

Now, we will explore the NFT sales metrics of selected marketplace dropdown, time_unit and time_period values.

• NFT Sale metrics on selected Marketplace
• Daily NFT Sale metrics on selected Marketplace
• Most popular NFT collections on chosen Marketplace
• Overall NFT sales metrics across all Marketplaces

Daily NFT Sales Metrics on selected NFT Marketplace

Now we will look at the daily statistics for Algorand NFT sales assessed in terms of Total NFT Sales volume, Total number of unique NFT buyers, Average NFT Sales volume, Total number of NFTs sold, Total Sales volume of NFTs (in USD) etc..

NFT Sales Metrics on selected Marketplace

Most popular NFT Collections on selected Marketplace

In the below graphs, we can clearly see the top 10 most popular NFT collections over the selected marketplace on Algorand network during the time period, assessed in terms of Total NFT Sales volume, Unique buyers count, Average Sales price, Total number of NFTs sold, Total Sales volume (in USD) etc..

Overall NFT Sales metrics across all NFT Marketplaces

Conclusion

According to the above graphs or visuals, here are few observations regarding the NFT sales on Algorand NFT marketplaces.

• Maximum number of NFTs were sold (around 33K) on the Rand Gallery marketplace, when verified over the recent 30 days.
• In terms of the average NFT sales price, maximum average NFT sales price has been recorded over Rand Gallery marketplace when verified with in the last 30 days.
• Also, highest number of unique buyers have purchased NFTs on Rand Gallery marketplace comparatively over the past 30 days.
• It seems, around 63.7% of Total sales volume ahs been recorded on Rand Gallery NFT marketplace, compared to others in the recent 30 days time period.

References

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Here are the visuals that shows the overall NFT sale metrics over the selected marketplace and time period.

• Total NFT Sales volume
• Total number of Unique buyers
• Average NFT Sales price
• Total number of NFTs sold
• Total NFT Sales volume (in USD)