Ultimate Fifa+ Collect Dashboard
Question:
The goal is to create a dashboard to allow users to monitor the minting and secondary sales of each collection. Some things to include:
Track mints and secondary sales over time broken out by collection:
- Number of mints/secondary sales
- USD Volume of mints/secondary sales
- Number of wallets
Track the number of each rarity minted in each collection
Track the likelihood of minting each rarity for each collection (Tip: The editions field gives the total supply of the NFT and DO-##. The ## is the card number in the collection, so DO2-38 is card 38 in Drop 2 which will have a supply).
Give a breakdown of secondary sales for the rarity in each collection:
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Number of sales
-
Total USD volume
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Average sale per rarity.
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List the most valuable cards in each collection based on secondary sales
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About NFTs and their applications:
NFTs are non-exchangeable tokens. They are issued as a unique digital certificate of ownership for any type of digital asset. In fact, an NFT is a smart contract that is regulated and digitally secured using open source platforms (which anyone can download from sites like GitHub). Once written, it can be stored or permanently published as a token on a blockchain network like Ethereum. Because NFT allows the buyer to own the original commodity, which includes internal authentication; As a result, this authentication proves the ownership of this work and cannot be used by others. In fact, the spiritual value of the work is tied to the credibility and identity of the artist, and they agree to produce and donate only one unit of the desired work as NFT to the buyer.
NFTs can be a financial investment, an emotional purchase, a collector's item, or a way for the buyer to connect more closely with the creator of the NFT, such as an artist or a brand. This is similar to how people collect postage stamps, old coins, or butterfly collections.
The FIFA announced a few months ago that it plans to record the exciting moments of the 2022 World Cup in Qatar in the form of NFT tokens. FIFA uses the Algorand blockchain for this. This NFT collection introduced by FIFA is called FIFA+ Collect and will be launched from the end of September with sensitive and memorable moments and goals from past World Cup rounds (both men's and women's) and can be bought and sold for users.
> Bring your football fandom to life. Collect and own officially licensed digital collectibles from FIFA’s legendary 92-year history that you can showcase, trade, and use in challenges to earn exclusive rewards. > > From official website
Methodology:
The data provided by Flipside has been used to handle this analysis. To handle this investigation the following steps have been passed as below:
- Step 1: Track mints and secondary sales on FIFA + collect
- Used table→
algorand.nft.ez_nft_sales_fifa
- Metrics→ Total sale and purchaser count, Total and average volume in USD, Median volume of each action, Average purchaser and volume per day, the cumulative analysis and 7-day moving average sale price in USD.
- Used table→
- Step 2: Track the number of each rarity minted
- Metrics→ Share of rarity on each collection by mints and minters, Try metrics of previous step on mint activity by rarity of NFTs.
- Step 3: Secondary sales for the rarity in each collection
- Try metrics of the previous steps
- Most valuable cards on each collection by sale price in USD
- Step 5: By aggregating the outcomes of the steps and deep dive into the blockchains, draw a conclusion about the NFT sale across chain
Findings:
This part tracks the sale and mint activity of FIFA+ collect NFTs on Algorand and the outcomes are as below:
- The purchase and sale count of “mint” action is more than secondary sale, Also, the total USD volume of mints on FIFA+ collect NFTs are more than secondary sale by far.
- As mentioned since the last week of September, the FIFA+ collect NFTs on Algorand have been listed and as can be seen the pressure of mint was high on special time periods specially on the first days of launch.
- The average and Median volume of secondary sale is higher than mint actions by far.
- The trend of mints on FIFA+ collect NFTs has been decreased over time and reached to consistent level on cumulative analysis. However, the secondary sale activity has been followed the increasing pattern and the timing of the World Cup has also had a significant impact on this.
Findings:
- The Common type of NFTs has the highest share of mint among various Rarity of NFTs on FIFA+ collect from count of sale and volume in USD.
- The mint price of different rarity types are very close together and as can be seen the Epic NFTs has higher mint price compared to other rarity NFTs.
- The highest share of Rare NFTs mint belong to Genesis collection on FIFA+ collect from both count of mints and minters.
- The Common rarity has dominated the volume of mints over time.
Findings:
This part contains explored the secondary sale of FIFA+ collect NFTs on each collection and by considering the rarity of NFTs:
- As expected, the average sale price of Iconic NFTs is higher than other rarities.
- The total secondary sale of FIFA+ collect demonstrated the superiority of Rare NFTs over other rarities by sale count and the USD volume of NFTs reveals that the Iconic NFTs has the highest total sale volume.
- There are spikes on secondary sale of various Rarities as can be seen and these spikes are related to the game of world cup and matches.
- The final part of this part contains the most valuable cards on each collection and according to these tables Source American Flair has the most expensive card compare to other collections.
Conclusion:
- Due to the cooperation between FIFA and the Algorand Group and the coincidence of the World Cup, the desire to mint and purchase NFTs related to football has grown significantly.
- The trend of secondary sale on FIFA+ collect NFTs has been followed the increasing pattern and compared to mint has higher volume on recent days.
- The rarity of NFTs has a significant impact on their minting and sales. Also, users buy NFTs of different rarities for different goals. Like mostly held Iconic NFTs and use Common NFTs for Buy And Sell.
Useful links:
- Algorand network
- FIFA+ collect NFTs
- Article related to FIFA+ collect
Author:
Credited by MZG
Discord handle: m.zamani#0361
Twitter handle: MLDzmnG