Try Quests to earn cryptoIn This Analysis, You will read about Flipside NFT called GODMODE. First, I took a quick glance at GodMode mints, Second, I Examined user activities in the NFT world. We want to know How many of Minter moved the minimum .1 ETH into their minting wallet vs. already had at least 0.1 ETH in that wallet? How many of them have been active in NFT purchases over the past six months? Can you construct a “typical minter” profile/profile based on their wallet behavior?
GodMode is a collection of 1,000 community-generated NFTs rooted in utility. Each GodMode NFT unlocks unlimited claim access to analytical bounties at Flipside Crypto. Additionally, the NFT grants exclusive access to the gated GodMode section of Flipside’s Discord. Once inside, you’ll have access to the most gifted minds in crypto analytics, analytics training sessions for project analytics, early access to Flipside product launches, and much more.
I Found Flipside GodMode NFT address which is 0x903e2f5d42ee23156d548dd46bb84b7873789e44. Then I used NFT mint and Sales tables and examined them to find proper data.
The below chart shows the total hourly mints of Godmode NFT. The highest number of mints happened during the first hour of Public mints. As you Can see, 136 Godmode minted at 16 PM of June 7th. Then Mints decreased, and again at 16 PM of June 8th, the total mints increased to 97 Godmode.
In the below chart, You can see the total hourly mints amount in ETH and USD. During the first two hours, about 16 ETH were paid by minters, which is worth nearly 30K US dollars. Then the volume decreased until June 8th at 16 PM. At that time, 10 ETH were paid by users, which is worth 17K US dollars.
Let's take a look at the cumulative chart. In this graph, you can see how the slope of growth changed during the hours. A huge growth occurred during the first hours. Then continued to grow until June 8th at 15 PM. Again, there was a huge growth slope.
In two days, About 639 unique users minted GodMode NFT.
Flipside had a plan to distribute their GODmode NFT to their Cantina members. About 11% of GodMode nft minted by Cantina users and 88% minted by normal users.
The below chart shows the Cantina member's activity. Until now, Cantina Members didn't sell their NFTs. 6 of them have bought another Godmode NFT from Opensea.
The below chart shows the top 10 Godmode buyers from Opensea. A user has bought 12 Godmode nft from a marketplace. This is the highest number of buys during two days. The second one has bought 8 NFT.
Each user could mint one NFT. But according to the below chart, Some users minted with different wallets and transferred them to their main wallet. Three users minted more than 40 Godmode NFT.
One of the criteria to register for the Godmode allow list was to Have at least 0.1 ETH in the user wallet. In this chart, I examined the user's balances to find which users had at least 0.1 ETH in their wallets and which wallets transferred 0.1 ETH to register in Godmode allow list. About 38% of GodMode minter didn't have 0.1 ETH in their wallets, and they transferred that amount during the registration. Nearly 62% of users had at least 0.1 ETH in their wallets during the registeration.
Let's examine GodMode minter activities in the NFT world. As I found, Only 30% of minters were active in NFT. They have bought NFTs in the past 6 months. 70% of minter were not active in NFT. They didn't buy any NFT from MarketPlaces.
Do You think which projects were interesting to Godmode minters? 34% of Minter was interested in Opensea. 6% of minters have bought at least one NFT from The Art of Seasons collection. About 4% of minters have an ENS domain. You can see the other collection based on the total number of users who bought from these collections.
I divided those minters who had below 3 mints as typical minters. About 123 wallets minted an NFT during the last 6 months. These are not NFT traders or NFT hunters. Most of them minted 1 NFT in the last 6 months.
We can call these users NFT minters. In the below chart, You can see about 17 users minted more than 100 NFTs in the last 6 months. A user minted near 1000 NFT!
I can conclude from this analysis that about 70% of minters were normal users and hadn't experience in the NFT world. 30% of minters were active in the NFT world, and about 1% of users minted 10% of Godmode Collection. We can call this group of users NFT hunters.
Written by Hess
where
discord_id: hess#0890
and
twitter_id: @hessaminanloo
