NFT Sales Volume:

NFT Sales by Collection:

NFT User Growth:

Volatilities:

Introduction:

NEAR NFTs:

The NEAR Protocol has several important projects on its platform and is often touted as the Ethereum killer. The NEAR Protocol is a scalable blockchain that simplifies and accelerates the development of dApps. At the moment, there are 19 decentralized platforms and NEAR NFT Marketplaces to mint and trade NFTs on the NEAR blockchain. The NEAR Protocol has a significant advantage over Ethereum, as it is significantly faster than Ethereum, and transactions cost next to nothing, making it an ideal platform for trading in NFTs.

The NEAR Protocol is the perfect platform for NFTs as it has many advantages over Ethereum. The protocol is significantly faster than Ethereum. Ethereum also has substantially higher gas fees, while NEAR allows transactions to be processed for a negligible fee. These factors make NEAR ideal for buying and selling NFTs.[1]

Flow NFTs:

What is flow in NFT?

The Flow playground, launched in 2020, allows developers to create and trade a particular type of digital asset called a non-fungible token (NFT). An NFT is like other crypto assets in how it can be bought, sold and exchanged over the internet without a middleman. However, there's one crucial difference.[2]

Method:

I compared NEAR with Flow NFTs in this dashboard after being inspired by the grand prize winner of NEAR Arts District :

Since Near and Flow have nearly identical market caps and are essentially in the similar circumstances, that is why I selected FLOW.

In this dashboard I used 4 sections include:

1-NFT User Growth

2-NFT Sales Volume

3-NFT Sales by Collection

4-Volatilities

I presented these analyses in the section on NFT user growth:

1-New Users on NEAR VS New Users on FLOW

2-Cumulative NFT Interactors & Buyers on NEAR VS Cumulative NFT Interactors & Buyers on FLOW

3-Which Period Brought the Most NFT Users?(Near) VS Which Period Brought the Most NFT Users?(Flow)

4-Average and Median Days before Interacting with NFT(Near) VS Average and Median Days before Interacting with NFT(Flow)

I mentioned the following analysis in the NFT Sales Volume Section:

1-NEAR NFT sale volume VS FLOW NFT sale volume in USD and Cumulative NFT sale volume NEAR VS FLOW

2-NFT sale count FLOW VS NEAR by day and Cumulative NFT sales count FLOW VS NEAR

In NFT Sales by Collection, these analyses were displayed:

1-Top 10 NFT Collections on NEAR by Sales count

2-Top 10 NFT Collections on Flow by Sales Count

\n And in the last part I showed volatilities of NEAR VS FLOW NFTs:

1-New NFT users voaltility percentage by week on Near VS New NFT users voaltility percentage by week on Flow

2-NFT sale counts volatility per week NEAR VS FLOW

3-USD NFT Volume volatility per week NEAR VS FLOW

Defenition:

1-NFT User Growth:

means How many brand-new people are engaging with or purchasing NFTs for the first time

2-NFT Sales Volume

refers to the NFT selling volume in USD for both FLOW NFTs and NEAR NFTs, as well as the number of sales during a specific period of time.

3-NFT Sales by Collection

Best-selling collections in the FLOW and NEAR ecosystems according to the amount of sales

4-Volatilities

This section shows the volatility of absorbing new users as well as sale counts of NFTS and USD volume of NFT sales over a period of weeks.

Both charts clearly demonstrate that Flow had a greater number of new users than Near in 2022.

However, at some points, for instance in March 14 and September 12, the number of new users on Near NFTs spiked, but in the FLow ecosystem, the number of new users spiked in June.

and Flow had more new users in 2022 overall, primarily because of NBA.

It is obvious from the cumulative charts of NFT interactors on both ecosystems that Flow had around twice as many new users or NFT buyers as Near.

Additionally, it is intriguing to note that while the number of new users or new users with more than a day's worth of engagement increased in Flow, the number of Near New Users soared at two points.

In the first quarter of 2022, Flow saw an increase in NFT purchasers and user interaction with NFTs.

However, we can observe that in the Near eccosystem, purchasers are less numerous than users who interact with NFTs, and at two points, the number of new users or NFT buyers has increased.(February and March)

After May, there were no more new NFT purchasers or new users in Flow.

It is apparent from a comparison of the two plots that Flow users wait longer than NEAR users to engage with NFTs following their initial transactions.

Users of Flow often joined NFTs after 30 to 40 days.

But after around 10 to 15 days, Near users joined NFTs.

and it demonstrates that due to NFTs, Near users are NEAR users.

I compared the NFT selling volume of FLOW VS. NEAR in USD over time by weeks in this part.

Additionally, I displayed the cumulative NFT sales for both eccosystems.

therefore it is evident that NEAR outperformed Flow in terms of USD value by a factor of over five.

Additionally, in 2022, the USD volume of NEAR is significantly greater than FLOW throughout time.

It is evident from these two charts that NEAR had more NFTS sales than FLOW NFTs.

Additionally, in 2022, NEAR had almost 1.7 times higher sales than FLOW.

However, in certain months, such as in March and May, FLOW surpassed NEAR in terms of the number of NFT sales.

Topshot has the most sales in Flow, while Allday has the second-highest collection.

However, the top collections' sale figures in NEAR are not as high as those in FLOW.

Moreover, we may draw the conclusion that FLOW has less collections than NEAR.

and the best collections in FLOW generate significant sales.

These two charts display the NFT user growth rates on the NEAR and FLOW ecosystems.

and it is obvious that a majority of users absobed in NEAR in 2 weeks (MARCH 14 and SEPTEMBER 12). other weeks we don't notice any real change at all.

Flow, however, has three weeks that the majority of consumers in 2022 joined FLOW NFTs.

Moreover, we do not anticipate any substantial changes in FLOW for any other weeks in 2022.

We cannot detect a significant association between FLOW and NEAR in the NFT sale counts volatility. But we may detect a relationship between FLOW and NEAR in terms of the USD amount of NFT sales.

The extreme volatility in FLOW NFT sale numbers over the past month is primarily attributable to NBA games.

Conclusion:

1-The number of new users in 2022 on FLOW NFTs are much more than NEAR and that’s maybe because of NBA.

2-we can see 2 point that NEAR absobed it’s majority of new NFT users in 2022.but in FLOW we have almost smooth uprend in absorbing new users

3-NEAR had about 5 times much more USD NFT sale than FLOW in 2022.but the NFT sale counts of NEAR is about 1.7 more than NEAR.and we can conclude that totally NEAR has more NFT sale than FLOW and also NFTs on NEAR are more expensive than FLOW

4-Top collections on FLOW have muh more sale than NEAR.

5-we have a correlation between volatilities of USD volume of NFT sale of NEAR and FLOW

6-In NEAR we have 2 weeks in 2022 that most of new users joined to the NEAR NFTs

[1]: [2]: