Introduction and methods

Lil Nouns is basically a smaller version of the Nouns NFTs from which it was derived. "Nouns as children", as it says on the Lil Nouns website. That is, they have the same pixel art style and aesthetic as Nouns.

In essence, these NFTs will be the source of funding for Lil Nouns DAO: a DAO expansion based on Nouns DAO. Therefore, the goal of Lil Nouns DAO is to expose more people to Nouns.

One of the most unique things about these NFTs is how they are available. . To explain, instead of releasing an entire collection at once like most generative avatar collections, Lil Nouns smart contracts generate and auction a new one every 15 minutes. Not to mention that this process will, in theory, continue indefinitely. Clearly, this is a riff on Nouns, whose contracts produce and auction an NFT every 24 hours.

In addition to its fascinating release mechanism, Lil Nouns has some other features that NFT purists will love. For example, Lil Nouns NFT art is stored directly on the blockchain, unlike IFPS. Also, the art is CC0 licensed, which means it is in the public domain.

In this dashboard we are gonna carry out a deep research about the Lil Nouns activity. First of all, we will analyze the total Lil Nouns mints and sales. Then, we will analyze the different NFTs that have been sold on a secondary exchange during the first 24 hours after being minted. As well, we will analyze the most common traits among these Lil Nouns sold and the differencee between minting and selling prices.

Results

Currently, a total of 1822 Lil Nouns NFTs have been minted, while 370 have been sold on secondary exchanges so far.

If we take a look at the evolution of these metrics over time, we can see how the highest volume was recoded during the middle of May. However, the activity remained constant over time.

In fact, analyzing the last chart, we can see the cumulative numbers in mints and sales. It can be seen how both lines have an uptrend.

Regarding the number of NFTs that have been sold in a secondary exchange over the past 24 hours after its mint, a total of 164 Lil Nouns were registered. A big volume of them were sold during the mid of May, coinciding with the highest volume of mint and sale activty analyzed in the previous approach. However, as said before, the activity remained constant over time and then, the NFTs being sold in a secondary echange 24h after its mints also remained constant,

Analayzing each Lil Noun NFT trait, we can see the following insights:

• There is no trend for background trait.
• In terms of body trait, there are 3 that has been most common so far: the 27,29 and 10. But with no clear difference against the rest.
• The most common accessory traits have been the 34, 33 and 78. But with no a clear difference against the rest.
• In terms of head, there was a special trait that was the most popular one: 228.
• Finally, for the glasses, there was 2 traits that were the most sold: 3 and 19. But with no clear differene against the rest.

Finally, ergarding the price difference between mints and sales, we can see in the first chart the top 10 Lil Nouns NFTs with the major differences of prices. All of them were being sold at a higher price than the initial minting price. The highest difference was for Lil Noun token ID 545, sold for a price 12.8% higher than the minting price.

The last chart shows the sold Lil Noun token IDs and the difference in price against its mints. As it can be seen, all of them have been sold for a higher price than the minting one. As well, the Lil Nouns with lower token IDs, and then, the first minted NFTs are the NFTs that have been sold at a higher price.

Conclusions and insights

This dashboard shows a deep analysis of the Lil Nouns NFTs and its secondary exchange sales. The research shows different activity metrics as well as an analysis of the NFTs that have been sold withing the first 24h after its minting.

The key insights extracted are:

• A total of 1822 Lil Nouns NFTs have been minted, while 370 have been sold on secondary exchanges so far.
• a total of 164 Lil Nouns have been sold in a secondary exchange over the past 24 hours after its mint.
• A big volume of them were sold during the mid of May, coinciding with the highest volume of mint and sale activty analyzed in the previous approach. The activity remained constant over time and then, the NFTs being sold in a secondary echange 24h after its mints also remained constant.
• Analyzing the NFT traits, there is no trend for background trait. In terms of body trait, there are 3 that has been most common so far: the 27,29 and 10. But with no clear difference against the rest. The most common accessory traits have been the 34, 33 and 78. But with no a clear difference against the rest. In terms of head, there was a special trait that was the most popular one: 228. Finally, for the glasses, there was 2 traits that were the most sold: 3 and 19. But with no clear differene against the rest.
• The top 10 price difference between minting and sales are around 10% higher in sales than in mints. Then, users sold the NFTs at a higher price than the minting cost.
• The highest difference was for Lil Noun token ID 545, sold for a price 12.8% higher than the minting price.