📑Background

What are NFT marketplaces?

An NFT marketplace is a digital platform for buying and selling NFTs.

What are NFT royalties?

NFT royalties give you a percentage of the sale price each time your NFT creation is sold on a marketplace. NFT royalty payments are perpetual and are executed by smart contracts automatically. With most marketplaces, you can choose your royalty percentage. (Reference)

⚙️Method

This dashboard will display the following:

royalty payouts, the percentage of royalty, average royalty, NFT sale volume, the number of unique buyers, the number of unique platforms, the number of unique NFTs, and royalty per NFT.

📍Platform=Marketplace || Creator fee percent: (sum(creator_fee_usd) / sum(price_usd))*100

We calculated the total amounts and all other amounts for platforms that have creator fees :

having sum(CREATOR_FEE_USD) &gt; 0

As shown on the donut chart, OpenSea has the most amount of NFT royalties which is 96.3% of 4 platforms with more than $1.73B.

On the other hand, OpenSea’s Avg royalty percentage is about 5.1%. (The most percentage of royalty)

So we can call OpenSea the king of royalties on Ethereum.🥇

> ## 🐾 After recognizing the king of royalties on Ethereum, Now in the next section we are going to analyze the activity of platforms(marketplaces)

Conclusion

OpenSea is the king of royalties on Ethereum, it has the most amount of NFT royalties which is 96.3% of 4 platforms with more than $1.73B.
The analysis showed that the Total NFT sale on Ethereum ($) is approximately 67.4 billion dollars, of which approximately 1.8 billion dollars is Total royalty payouts ($) on Ethereum.

That is, the royalty percentage in Ethereum is 2.67%.
The average royalty payment in Ethereum is $62.2.
The Opensea platform is far ahead of the other three platforms, with a total of $1.7B in royalty payments, followed by the Looksrare platform with $52M in royalty payments. Also, the Opensea platform has the highest percentage of royalties, with 5.1% royalties compared to the other three platforms, followed by Rarible with 2.7%.
Of the $67.4 billion in total NFT sales on Ethereum, $33.7B is allocated to the Opensea platform, and $27.1B is allocated to the looksrare platform. A very important point, according to the available data, is that the total sales of NFT in looksrare is in a much shorter period of time compared to Opensea. As a result, looksrare has had better sales than Opensea. But overall the total sales in Opensea are higher.
Also, the results showed that over time, the amount of royalties on the Opensea platform has increased, and this has increased the number of projects and NFTs on this platform compared to the other three platforms. 86.6% of buyers are related to Opensea platform. In general, the results of this dashboard showed that the high royalty percentage could be effective in increasing the number of NFTs in the platforms and their sales.

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Author

Gmail: ftmkhodabande@gmail.com **Tweeter: @**busygirlcom

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> Special thanks to my friend camp#4286

The total number of NFT buyers in Ethereum is 1.95M users. 86.6% of these buyers have bought on Opensea. Also, the line graph shows that the number of these buyers on the Opensea platform has increased.

52.2% of all NFT sales in Ethereum are related to the Opensea platform, and 41.9% are related to the looksrare platform.
The graph of weekly changes in NFT sales across platforms shows that NFT sales volume was very high on the looksrare platform in June.
In the four bar line charts above, we examined the volume of NFT sales and royalty payments of each platform in a separate chart. As you can see, the black line shows the amount of royalties paid per sale. You can see the upward trend in Opensea's chart, which shows that it pays the most royalties per sale. This makes this platform superior to other platforms.

Among the four reviewed platforms, Opensea has the largest number of projects (7550 projects). Also, the Opensea platform has the largest number of NFTs among these four platforms, with 33.5 thousand NFTs.

The line chart shows that the Opensea platform had the highest royalty payout per NFT. But from the end of June 2022 until today, this amount has decreased, and the royalty payment amount is close to other platforms. The graph shows that the highest royalty payment was in August 2021.

Three graphs show monthly and weekly royalty payout ($). The graph shows that the royalty payout ($) for Opensea is higher than other projects at different times.

$1.7B of the total royalties belong to the Opensea platform.

These graphs show that Opensea is superior to the other three platforms in paying royalties by a significant margin. ==So the platform, the king of NFT royalties, is Opensea==.

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