ShroomDK Mint

What is ShroomDK?

ShroomDK NFT mint comes from the SDK (Software Developer toolKit) the team created that to allow users to access and query the velocity back-end directly from their front-end applications. A user can mint a shroom and claim an alpha key to be able to utilise the SDK.

This dashboard looks at the following:

• How many ShroomDK NFTs have been minted so far?
• How many failed mints have there been?
• How many times has a ShroomDK NFT been transferred so far?
• Another interesting things is the mint!

Evaluation (as of 02/07/2022)

With regards to total mints, we can see that there is significant interest from Flipside users to mint this nft , either it is for price speculation or for early access to SDK itself. When looking at the total unique minters and mints per wallet, what we can see is that there are about ~ 1.51 mints per user. The maximum allowed mints per user are 2, so we can see that people are on average minting more than 1 ShroomDK . This could point at users being interested in price speculation, i.e. offloading the access to the Opensea market, but could also mean that some of the users want/need 2x the daily rate limit in calls for their projects. When looking at the total transfers, total unique wallets transferring and transfers per wallet we don’t see anything interesting (at least currently), although since the dashboard is going to be continually updated, these stats may change and reveal that some users have transferred back and forth between the same wallets or bought/sold and re-bought to increase the floor price of the ShroomDK nft. We can also see that there were only 4 unsuccessful mints, which yields to about 1% failed mints. These are either people that tried to do it programmatically or did not manage to mint on time before the time limit ended.

What is ==more interesting== (personal opinion), is the periodicity between mints, looking at when the mint access opens to everyone and how long it takes for everything to get minted and then subsequent mints/transfers. On average the time between mints is about 0.49 mins or about 30 seconds and the median time between mints is about 2.49 minutes or about 2:30 seconds. The periodicity and mint congestion as well as mints per wallet can be seen in the bottom figures across different time frames.

Another interesting metric is the overall Fees in ETH both for the mint transaction to take place as well as potentially the collector fees that go back to Flipside help maintain the SDK and its costs. I am not sure if every single mint gives Flipside that 7.5% if so then the collector fees are about 0.21 ETH. If not, then we need to look at second-hand transfers, which we assume here are OpenSea sales, then the ETH accrued is only about ~ 0.0034 ETH.

(Edit: Corrected, it’s only about 0.0034 ETH that only comes from re-sales.)

Summary

All and all the SDK is a very exciting announcement as it gives the end-user direct access to Flipsides Snowflake (Velocity) back-end (database), for users to query in whatever way they seem fit and not just via the UI that Velocity enables. I am looking forward to whatever else the smart data and software team from Flipside comes up with.