Introduction

NFTs are digital tokens that may be used to indicate ownership of one-of-a-kind goods. They enable us to tokenize items such as artwork, valuables, and even real estate. They can only have one official owner at a time, and they're protected by the Ethereum blockchain, which means no one can change the ownership record or create a new NFT.

With its ERC-721 standard, Ethereum was the first blockchain to enable NFTs, and it is now the most extensively utilized. Many other blockchains have implemented or are planning to add NFT functionality.

Methodology

This dashboard looks at the query such that it is seen that the users who are selling different NFT tokens in the Ethereum Mainnet are redeeming the tokens sold in some particular tokens. This may be because of the stability of the tokens or some other parameters such as less transaction fee. Anyways we look into such kinds of NFT collections, possibly NFT tokens which are being received by selling other NFT tokens and they are looking to see the most received ones in the past two months.

This table here looks into the NFT addresses which has received most of the tokens as and when users sell their NFTs.This data accounts for the past two months.

The chart shown here displays the three NFTs that receive the most redeemed tokens in the Ethereum main net as a consequence of the NFT sold by the users. It displays that the Most tokens received by a single collection of NFT are 83M. This data is charted for the past two months of the NFT sales happened in the network.

Note:

NFTs are useful because they ensure that a non-fungible item is genuine. This distinguishes these assets as one-of-a-kind. Picasso's works are non-transferable. While everyone may copy his paintings, the originals are priceless and one-of-a-kind.NFTs, or non-fungible tokens, are quickly becoming one of the most successful blockchain-based projects ever. Influential people, like as Twitter CEO Jack Dorsey, have lately made headlines by auctioning off NFTs.