Foundation Fees vs Others (Hot on ETH Week)

    Foundation is an NFT platform that allows creators to mint their work as NFTs on the Ethereum blockchain. Foundation also offers an NFT exchange allowing creators to sell their work. For more details, please see foundation.app. Using the Ethereum_core schema, compare creator and platform fees on Foundation vs. other NFT platforms over the past three months. Can we make a conclusion on if one platform is better for creators that others?

    Introduction

    Foundation is a platform that intends to create a new creative economy—one in which creators can utilize the Ethereum blockchain to value their work in entirely new ways, while also strengthening their relationships with their supporters.

    Method

    In the current dashboard we looking at comparing compare creator and platform fees on Foundation vs. Opensea by using the Ethereum_core schema, over the past three months, To answer this question that:

    • Can we make a conclusion on if one platform is better for creators that others?

    Analysis

    Observation

    • We can observe that fees amount in Foundations platform is normal and consistent over time, while contract fees amount in Opensea was lowered in February 25 to half of the past dates, as shown in the above chart, which shows the amount of fee in the last 3 months (from early 2022).

    Conclusion

    • Based on the findings of this dashboard, we can conclude that Foundations platform is better for creators than Opensea in terms of fee consistency.

    Discord: 0xHaM☰d#8391

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    • As can be seen in the above figure, which depicts the number of tx over time in three months starting in early 2022, the amount of tx in Opensea plummeted on February 25, however the amount of tx in Foundation is regular and consistent.