Algorand NFTs
Q76. Let’s look at the Algorand NFT scene from a high level
Introduction
AR69
- These conventions simplify displaying ASA attributes. This ARC focuses on optimizing digital media fetching and onchain metadata. This ARC can be deployed to existing ASAs because asset configuration transactions maintain the metadata.
Some use cases, like leveling up an RPG character, require immutability rather than mutability. The Algorand network won't enable anyone to transmit ASA asset configuration transactions if the ASA manager removes the manager address. This makes ARC-69 metadata immutable.
ARC3
- These conventions help block explorers, wallets, exchanges, marketplaces, and client software show ASA attributes.
The aims of this dashboard is looking at:
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How many wallets(distinct) currently hold an NFT?
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How many wallets(distinct) have created an NFT?(Tip: Look at the creator Address on the asset)
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Create a distribution of the number of NFTs held per wallet for wallets that hold at least 1 NFT.
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What’s the average amount of ALGOs NFT holders have, is this more or less than non NFT holders?
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How many active wallets/what percent of wallets hold at least 1 NFT?
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How many NFTs use the ARC3 vs ARC69 standard?
- In the list of active wallets
(33725 + 23914)
= 57639 of them hold at least 1 NFT. That is less than 1% of all active wallets.
- 92.1% of NFTs use ARC69 standard and 7.92% of them use ARC3.
- The arc69 standard is more popular.