Try Quests to earn cryptoEthereum Easy Question II
We are seeking insights into recent non-fungible token (NFT) sales trends on the Ethereum network. The goal of this bounty is to answer the following questions: How many NFTs were sold on Flow in the past 30 days, and what was the total USD volume of these sales? Please provide a breakdown of these sales by week. What are the top 5 NFT collections sold on Flow in the past 30 days, and how did their sales perform on a weekly basis? Are there a difference in their average NFT price and/or volume sold? Please chart these collections over the past 30 days.
we will take a look into Ethereum World which is a vast universe for itself but today we are going to only consider one part which is NFTs.
In this dashboard you will see NFT sale stats since past 30 Days in total and weekly basis.
for this analysis i have used ez_nft_sales and dim_nft_metadata for retreiving collections and NFTs names .
Non-fungible tokens (NFTs) are assets that have been tokenized via a blockchain. They are assigned unique identification codes and metadata that distinguish them from other tokens.
NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed on them. For instance, you could use an exchange to create a token for an image of a banana. Some people might pay millions for the NFT, while others might think it worthless.
Cryptocurrencies are tokens as well; however, the key difference is that two cryptocurrencies from the same blockchain are interchangeable—they are fungible. Two NFTs from the same blockchain can look identical, but they are not interchangeable.
An NFT collection is an assortment of digital assets released by an artist (or group of artists) containing a limited number of individual NFTs. Typically, most NFT collections consist of numerous NFTs that all conform to the same artistic style, with slight variations across each individual token.
A good example of this would be the BoredApeYachtClub, which is one of the most popular and valuable NFT collections in the world. This specific collection is made up of 10,000 unique non-fungible tokens on the Ethereum blockchain depicting simian avatars with various characteristics. For instance, only 5% of Bored Apes have red fur, and 3% sport a biker vest. The more scarce a Bored Ape’s features, the higher price it tends to fetch on the market.
On the charts above there are charts about total NFT sold based on collection and also total stats. Total Volume in USD, Total NFT Sold, Total Fees and Total Transactions stats you can see the single numbers based on last 30 days(1 month).
Also you can find out about these data more specific based on collections and you can compare them together.
Below the total stats of NFT sales you can see the details of the their numbers based no weeks. Based on the previous section you saw that Mutant Apes and Art blocks have the most volume and transactions respectedly. And on weekly basis you can see their stats more in details. Bored Ape and Mutant Ape possess the highest volume of sales with a really high number over 200B in USD. On the other hand the trasnactions are for art blocks. Additionally you can see the fees weekly and in on weekly metrics.
The last chapter is about Top5 NFT collections which have the most volume and transactions of all in teh last 30 days. MutantApeYachtClub, BoredApeYachtClub, Art Blocks, Doodles and Moon Birds are the Top five NFT collections with highest volume and transaction in the last 30 days.579B in USD for Mutant Ape 530B Bored Ape, 193B Art Blocks, 47B for Moon Birds and 39B for Doodles. These were the volumes in USD for the top 5 collections. and you can see the transactions, Except for Mutant Ape and Art blocks the rest are lower than 20M transactions. and for weekly stats you can see yourself above and compare them together.
What is Mutant Ape Yacht Club NFTs? Mutant Ape Yacht Club NFTs
The Mutant Ape NFT collection sold off within a few hours of going up on sale in August 2021. Yuga Labs, the team behind the famed Bored Ape Yacht Club or BAYC NFTs, created the Mutant Ape Yacht Club (MAYC) collection with a long-term objective. The founders aim to develop a media empire based solely on NFTs, with BAYC NFTs being the first offering. On top of it, Mutant Ape NFTs served an important milestone for the Bored Apes ecosystem with the evident goal of drawing in more users into the BAYC landscape.
Mutant Apes have also registered promising numbers for success, with over $1 billion in sales within one year. Following the launch, the Mutant Ape Yacht Club NFT collection has radically grown to become one of the frontrunners among PFP NFT projects. Prior to the MAYC collection, the Bored Ape ecosystem featured only the BAYC NFTs and Bored Ape Kennel Club. Yuga Labs released these projects in quick succession with BAYC NFTs in April 2021 and the Bored Ape Kennel Club in June 2021. As the profile picture NFT market expanded, Yuga Labs introduced the Mutant Ape collection through new mechanics.
Bored Ape Yacht Club, popularly called BAYC, is a collection of 10,000 non-fungible tokens (NFTs) on the Ethereum blockchain. These NFTs are graphical representations of cartoon-like apes that are distinctive by their metadata, which includes the characters’ backgrounds, earrings, clothes, fur, and eyes. Metadata for NFTs is information about and descriptions of a token that the NFT creator supplies. 1
The Bored Ape Yacht Club, which was launched in 2021, is similar to pieces of artwork sold physically. However, these pieces exist only digitally and are one of a kind because they live on the blockchain (which allows ownership). 2
What are Moonbirds? Moonbirds is a collection of 10,000 Ethereum NFTs, each featuring a pixelated owl character with randomized traits and features. While there are common elements found across multiple images, no two NFTs are exactly alike.
In this sense, it’s much like the Bored Apes and many, many other profile picture projects on the market right now. Also like the Bored Apes, Moonbirds holders have intellectual property rights and can use their owned image to create products, services, merchandise, and more. They also have access to a private community called the PROOF Collective.
Doodles is a collection of 10,000 generative NFTs created by Evan Keast, Scott Martin, and Jordan Castro. The team uses the “working aliases” Tulip, Burnt Toast, and Poopie, respectively. Before Doodles, Keast and Castro were already well-established in the NFT community, as they had previously helped build the legendary CryptoKitties NFT project with Dapper Labs. Martin, meanwhile, had been minting his pieces and growing his creative brand within the NFT space for about a year.
Doodles features original art created by Martin, who produced hundreds of unique visual traits for the collection. However, the project ultimately followed in the footsteps of predecessors like CryptoPunks, Bored Apes, and Cool Cats by randomly mixing and matching these individual traits to create the full Doodles collection.
Within the Doodles ecosystem live humans, cats, pickles, apes, sentient flames, skeletons, aliens, and more. As with nearly all generative avatar collections, Doodles NFTs come in varying degrees of rarity. Although the Doodles team has never officially released a catalog of what traits are the rarest and most common, over time, numerous third-party services have released their unofficial rankings.
Art Blocks is an Ethereum-based platform that offers programmable and unique generative art NFTs that collectors can invest in. Art Blocks NFTs are created through a custom generative minting technology, giving each piece a distinct and random look.
When an artist creates an Art Blocks NFT project, investors have the opportunity to mint NFTs. Part of the mystery arises because the user won't know exactly what the NFT looks like until after they've minted it. Generative art NFTs use a variety of algorithms that are able to facilitate an autonomous art creation process. All generative art NFTs are unique — because a random string of code is used as the base of reference during their creation.
If an artist wants a design to be made into Art Blocks NFTs, they first need to upload their unique algorithms to this platform and set a specific number of NFTs to be minted from it. Once this process begins, Art Blocks NFTs are made in real time via blockchain. The art piece that the purchaser receives is considered to be an ERC-721 NFT.
Popular NFT projects such as CryptoPunks and Bored Ape Yacht Club also use generative art NFTs to ensure that their collections are randomized. However, these projects differ from Art Blocks in regard to how the generative art is made. For instance, Bored Ape Yacht Club NFTs were generated with the use of 170 different traits and characteristics. However, 10,000 of these NFTs have already been minted and are available for purchase, which means that the user knows what the NFT looks like before buying it. In comparison, an Art Blocks NFT is only minted once the user purchases it.
Created in 2017, CryptoPunks is another NFT project that's similar to Art Blocks NFTs, with one key difference: Unlike Art Blocks NFTs, the 10,000 eccentric images in the CryptoPunks collection have already been minted, each with its own personality and combination of randomly generated features.
Recent years with coming of Metaverse into the real world and trying to merging real world with virtual world NFTs are the most spoken words among people in this industry. at first when NFTs value were less nobody knew them much but with rising in vlues nowadays people want to buy or create for themselves . As you saw in just 30 days how much NFTs in Volume and transactions traded among users so with a little thinking you get to the result that they have a bright future ahead of them.