City of NEAR: The Arts District
NEAR Tournament Round 1 by FlipsideCrypto
NEAR NFT Scene
This dashboard will analyse the NFT scene in the NEAR Blockchain. NEAR was created with performance, security and scalability in mind and with a clear intention to give developers a great experience when working with it.
Being a very fast (~1s transactions) and very cheap (<0.01$ transactions) it is ideal for NFT transfers, where the buyer doesn’t need to wait for a confirmation and the fees are not more expensive than the NFT itself. Also, developers and artist can create NFT collections with Javascript or Rust and even deploy a Solidity smart contract thanks to its EVM compatibility.
Let’s find out whether the Arts District is a flourishing one or it has seen better days!
Sources:
Methodology
The NEAR tables curated by MetricsDAO are in raw format, making it difficult to extract data as straightforward as in other projects with their own nft_sales or nft_mints tables. It is a great way to recognize all the work behind the curated tables including the NEAR tables that make analyst’s lifes easier.
For this dashboard, a query from Pinehearst was used to extract all NFT related transactions and start the detail analysis.
The first step was aggregating all transactions by date and type to filter the most common types.
Next, the total sales by marketplace and project will be queried by identifying type = ‘resolve_purchase’
transactions as NFT sales. This is based in the comparison of the table results with explorer transactions like this one. Marketplace will be identified with receiver_id
and project with nft_contract_id
. This method yields some transactions in which the receiver_id
corresponds to user addresses.
The creators analysis was done selecting all transactions with type = ‘nft_create_series’
and aggregating the number of series created, the average copies per series and the average price by creator_id.
Marketplace
The donut graph on the left shows the number of sale transactions resolved by marketplace.
There are two addresses for Paras, the leading Marketplace in NEAR with over 90% of transactions.
Other marketplaces include:
- Land-to-Empire: play-to-earn game
- UniqArt: music NFTs
- Apollo42: NFT platform with marketplace, explorer and metaverse
Creators
Some creator_id’s are tied to NFT projects (Aurora Doves, The Munky Monkey) where each unique NFT was created as a different series while other are individual digital artists like nhephex, which has several collections with different number of items.
NFT related transactions
There are very different type of transactions related to NFT in NEAR. The first visualizations show the total transactions over time and ordered by type since September 2021. Next, different sections will show the activity by marketplace, projects and creators by analysing the `resolve_purchase' and ‘nft_create_series’ types as NFT sales and NFT mints.
NEARnaut #6519
Conclusions
- Paras is the dominant marketplace in the NEAR Blockchain, with over 90% of the total sale transactions.
- Anti Social Ape Club has the highest sale volume amongst NFT collections, both in the last days as all-time.
- Different creator profiles can be seen - big NFT project collections like Aurora Doves with 9.000 NFT as well as digital artists with smaller collections.
Although the current market sentiment is not the best for NFT-Euforia, NEAR shows some healthy metrics and interesting diversification in the NFT scene. Less concentration in the leading marketplace could be something to cherish for.