Methodology

In this analysis we will focus on Near NFTs. More specifically, we will analyze the following data:

• NFT sales by platform
• Number of selles
• Number of buyers per platform
• Average price evolution
• Average NFT sells per user
• Average NFT buys per user
• Relationship between number of sells and buys per user by platform
• Average volume (USD) bought per user

==Introduction==

Near Protocol is a decentralized application (DApp) platform that focuses on usability among developers and users. As a competitor of Ethereum, NearProtocol is also smart-contract capable and a proof-of-stake (PoS) blockchain. It uses sharding technology to achieve scalability, a core aspect discussed later. The native token, NEAR, is used for transaction fees and storage on the Near crypto platform. Tokens can also be used for staking by NEAR tokenholders who wish to become transaction validators and help achieve network consensus.

Near was built by the NeaCollective and conceptualized as a community-run cloud computing platform designed to host decentralized applications. It was also built to be both developer and user-friendly, hence having features such as account names that are human-readable (instead of cryptographic wallet addresses).

How does Near Protocol work?

Decentralized applications have boomed in the crypto community, with DApps that run the gamut from games to financial services. However, it has also become apparent that scalability remains a problem in most blockchains.

The issue of scalability is common among blockchains, especially among older ones such as Bitcoin and Ethereum. The challenges are mainly brought about by blockchains' difficulty in handling large numbers of transactions at fast speeds and manageable costs.

NFTs

One of the features that is attracting more users on the Near network is NFTs. It seems that the NEAR ecosystem for NFTs is very promising at the moment. But we'll get to that later in the results section.

While the recent downturn has probably dampened price action, the sheer amount of development happening around NFTs in the NEAR ecosystem is pretty amazing. In fact, this 2022 seems to be where the most activity is being concentrated and new NFT marketplaces are emerging. Now we'll look at that next.

On the other hand, Flow Blockchain is another platform that since its inception in the crypto world has been dedicated to NFTs. It is also an L1 platform so it may be interesting to see the difference in evolution between the two.

For this reason, in this dashboard we are going to analyze different metrics of NFTs activity for these two blockchains and compare them.

Conclusion

• In the NFT sales of Near and Flow, there is a fairly equal trend, as it is constantly going up and down

  In the number of sellers, the trend in Flow is quite regular, going up and down constantly as well. There is a downward trend.

• In the case of Near, it has a very continuous trend. In some days it has reached 100 sellers.

• In the number of buyers per platform, Flow there continues to be a trend that goes up and down constantly, but in this case it does it in a more radical way.

• In Near the trend remains stable without any peak to highlight.

• In the average price evolution, both platforms there is a downward trend, although the price is falling very slowly.

Area charts above drawn to show daily usages and daily users of nearnautnft.near of NEAR network in last 3 months, and as we see both has increasing trend until mid oct , though spikes on usages of the NFT market’s chart is more volatile and they go higher than spikes on users of the NFT market’s chart.

Usages chart maxed highest on oct 28th with 105 transactions.

In the two charts above, you can also see the number of NFT purchases in two blockchains on a daily basis:

On Near, over 2000 NFTs have been traded in just three days. And also, in the last few days, this trend has decreased a lot compared to before.

But there is no significant reduction in Flow.

As can be seen, in the last 90 days, Flow has attracted more new users than Near, so that the new users of Flow are 20 times more than Near.

In the area chart, as can be seen, both protocols have an upward trend in attracting new users, but in flow, there was a big jump in attracting users from October 18, 2022.