Flash Bounty : Reddit NFTs

    The Question

    Reddit is officially in the NFT game. Find 3 metrics to compare the Reddit NFT launch to the launches of other major NFTs.

    Add any other interesting metrics comparing this launch to Polygon NFTs in general

    BONUS: Post your dashboard on Twitter and tag @flipsidecrypto and any relevant accounts!


    Methodology

    First, I have identified top 10 collections in terms of sale count in Polygon , then , made a cte and unioned all related addresses with Reddit addresses and then, Analyzed their sale count,tokens sold,buyers , mints and other parameters as well.

    this dashboard consists of two main parts , in the first part you can find informations about strading such as sale count,buyers,tokens sold in total,accumulated and weekly scales. in the second part, you can find the same information about minting the mentioned collections’ tokens.

    Introduction

    Reddit’s CryptoSnoos NFTs are limited-edition collectibles based on the social platform’s mascot, Snoo. Designed by independent artists and Reddit creators, the avatars give users platform benefits (like unique profile animations), and allow Redditors to use their avatars however they want off the platform.

    Love it or hate it, with these Collectible Avatars, Reddit has given the NFT ecosystem its biggest mass Web3 onboarding event to date. And it did this in part by avoiding use of the term “NFT” when promoting its “digital collectibles.” The feat is difficult to overstate, especially because it originated from a Web2 social platform whose dislike of NFTs in its own community was well-known.[1]

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    Findings

    • According to the results, Reddit collection has shown a very good performance in the investigated metrics. Compared to the other 10 galleries, in terms of weekly sales, with a great jump, it has been able to reach the third place by surpassing 8 galleries. In terms of the number of sold tokens, again with a great leap, it has been able to reach the first rank by surpassing all competitors.

      Regarding the number of buyers, it has been very surprising and has shown significant performance.

    • In the index of the number of buyers per day, it is ranked third after two powerful galleries, Skyweave and Sunflowerland.

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    Mints

    Trades

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    Findings

    • In terms of the number of Mints, minters and tokens minted per day and total, the Reddit gallery has appeared without competitors and has been able to defeat powerful competitors in all these cases.
    • total mints per collection : Ranked First with 590k
    • avg mints per day : Ranked First with over 5k
    • total minted tokens per collection : Ranked First with over 1.2M
    • Avg tokens minted per day : Ranked First with over 10k

    Final Words

    According to the results obtained, it can be acknowledged that the Reddit gallery is considered a turning point in the history of Polygon's NFT, and considering the performance it has shown in the early days compared to other giants, there is no doubt that It will become one of Polygon's top galleries and perhaps the top gallery.