Introduction

Flow is a Proof-of-Stake blockchain that went live in 2019 after the founders of Dapper labs got fed up with the slow and expensive state of Ethereum blockchain with Crypto Kitties and NBA Topshots soaring in popularity. The main advantage of Flow chain is its fast, low cast transactions supporting smart contracts.

The RaceDay NFT marketplace is the first of its kind for race fans to trade motorsports non-fungible tokens. There are several well-known Motorsports brands showcasing their unique racing digital collectibles on RaceDayNFT.

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.

In this article, let us explore the RaceDay NFT Collection on Flow network in terms of NFT sales activity and cross-project comparative metrics such as list of other collections which RaceDay NFT fans are buying in recent days etc.. with supporting graphs or visuals.

Methodology

As part of this analysis, we will first look at the flow.core.ez_nft_sales table to analyze the overall and daily trend of NFT sales activity of RaceDay NFT Collection in terms of standard metrics such as

• Total Average NFT Sales Price

• Daily/Weekly/Monthly Average NFT Sales Volume

• Total NFT Sales volume on Flow

• Daily/Weekly/Monthly NFT Sales Volume (in USD)

• Total distinct Sellers who have sold NFTs

• Daily/Weekly/Monthly distinct Sellers count who sold NFTs

• Total Unique Buyers who purchased NFTs

• Daily/Weekly/Monthly unique Buyers count who purchased NFTs

• Total number of NFTs sold on Flow chain

• Daily/Weekly/Monthly trend of NFTs sold on Flow network etc..

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We will retrieve the sales details of RaceDay NFTs from flow.core.ez_nft_sales table based on the nft_collection column as ‘A.329feb3ab062d289.RaceDay_NFT’.

Daily Sales Activity of RaceDay NFTs

Below are the daily metrics of RaceDay NFTs Sale activity over the past few months on Flow chain, assessed in terms of daily Sales volume, daily unique buyers ocunt, daily average Sales volume, daily unique sellers count, 7-day moving average of average sales volume, daily NFT sales count etc..

Weekly Sales activity of RaceDay NFTs

Here is the weekly statistics of RaceDay NFTs Sale activity over the past few months on Flow chain, assessed in terms of weekly Sales volume, weekly unique buyers count, weekly average Sales volume, weekly unique sellers count, weekly NFT sales count etc..

Monthly Sales activity of RaceDay NFTs

The below charts or visuals represents the monthly statistics of RaceDay NFTs Sale activity over the past few months on Flow chain, assessed in terms of monthly Sales volume, monthly unique buyers count, monthly average Sales volume, monthly unique sellers count, 7-day moving average of average sales volume, monthly NFT sales count etc..

Observations

According to these charts, we can clearly see that

• Total Unique buyers of RaceDay NFTs has reached maximum in the week starting 23rd May 2022. However, there has been slightly declining trend after which it remained consistent while moving towards the last week of October 2022.

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• Highest Sales volume of around 4.48K has been observed in the week starting 18th April 2022, later which we could see a sudden drop, post which it shows an increasing trend again.

RaceDay NFTs - Cross Project Comparison Metrics

Here we will look at the cross-project comparative metrics across different NFT Collections on Flow chain such as

• List of other NFT collections which RaceDay fans are buying in recent days
• Purchase frequency or the distribution of tokens owned per each wallet
• Average number of NFTs held per each wallet
• Average purchase price of NFTs held by RaceDay fans etc..

Observations

• Highest number of Unique buyers 132 who purchased RaceDay NFTs on Flow chain has been identified in the month of May 2022.
• Maximum number of RaceDay NFTs 676 has been sold in the month of May 2022, where as highest average sales volume has been observed in April 2022.
• Total number of RaceDay NFT sales started following a decreasing pattern since May 2022.

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References

Conclusion

According to the above graphs or visuals, here are few observations:

• When observed on a weekly basis, Total Unique buyers of RaceDay NFTs has reached maximum in the week starting 23rd May 2022.
• However, there has been slightly declining trend after which it remained consistent while moving towards the last week of October 2022.
• Highest Sales volume of around 4.48K has been observed in the week starting 18th April 2022, later which we could see a sudden drop, post which it shows an increasing trend again.
• Looking at the monthly trend, highest number of Unique buyers 132 who purchased RaceDay NFTs on Flow chain has been identified in the month of May 2022.
• Maximum number of RaceDay NFTs 676 has been sold in the month of May 2022, where as highest average sales volume has been observed in April 2022. Total number of RaceDay NFT sales started following a decreasing pattern since May 2022.
• When we look at the total number of NFTs held by RaceDay Fans across cross project NFT collections, the RaceDay Fan (or Wallet) 0xc566d9ed3ad00079 holds the maximum number of NFTs across different NFT collections on Flow network.
• Also, in terms of the RaceDay Wallet or Fan that records maximum average purchase price across various NFT Collections on Flow chain, 0xc566d9ed3ad00079 grabs the top most position.
• 0xc566d9ed3ad00079 wallet or RaceDay Fan seems to be the most popular wallet address in terms of both NFT purchasing frequency and recording maximum average purchase price across other NFT collections on Flow chain.