Open Analyitics Bounty: Optimism

    A brief overview of NFTs on Optimism !!

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    Introduction

    Optimism is a Layer-2 scaling solution for Ethereum that supports all dapps and it runs all computations and data off-chain. So, due to this, Ethereum's transactions per second are increased and transaction fees are decreased, rather than running all computation on the Ethereum network.

    Moreover, Optimism sounds very similar to Polygon Matic, as both offer similar something very similar, as it’s a scaling solution for Ethereum.

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    What does an NFT means ?

    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.

    In this article, we will explore the NFT transactions on Optimism chain in terms of standard metrics such as the daily NFT sales volume, daily users who has bought/ sold NFTs, total number of NFTs sold etc.. with supporting visuals.

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    References

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    Observations

    On seeing all the above graphs or visuals, here are few findings noticed:

    • Optipunks remains as the most popular NFT Collection in terms of the collecting maximum sales volume (in USD) on Optimism chain.

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    • Most of the Sellers around 467 have bought NFTs of bored town NFT collection on Optimism, where as a maximum number of 1413 Buyers have purchased NFTs of Mirror NFT Collection on Optimism.

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    • Among all NFT Collections, Mirror stays as the most popular in terms of highest number of NFTs sold on Optimism chain comparatively.