Flash Bounty: Reddit NFTs
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
as you see in the first part I want to found the transaction number of the each NFT and as you see the NFT that I want to compare it with reddit have too more transaction.
so it may that reddit have transaction more than this number, but we set that this transaction related to the reddit (because it may flipside just give us this information),
so after this part lets analysis the event type of the NFTs to see that this transaction act in which type.
so lets start our analyze.
so as you see most of the transaction related to the transfer with the higher percent but as you see after this most of the transaction related to other than approval and transfer and at the end as you see with the lower percent related to the approval.
as you know number of the transaction that related to the reddit is low than other and as you know when transaction number get low it mean that analysis information maybe not near to real but as I say in the previous part we think that all of the reddit transaction related to this 67 transaction.
so let check the other NFTs information.
so look at this graph as you know transaction number of this NFT is so more than reddit and as you know when transaction number increase it mean that graphs detail may be close to the real.
as you see most of the transaction in this part related to the collect and increase liquidity by 28.7 percent of the all and as you see both of them earn more than half of the transaction.
and after these two most transaction related to transfer, it show the first difference as you know in the previous part the large number of the transaction related to transfer but in this part transfer related to the third place,
after this in the forth place time to the decrease liquidity with the close to 17 % of the total transaction.
after this time two approval and we see that in the previous part that approval percent was near to 5 % and as you see in this part again this percent is low,
so we can say that after difference with the transfer , in the approval part we see the similarity. both of them close to the 5 % of the total.
so after this part I want to analysis the fee and gas amount of the NFTs and found the similarity and differences of them.
lets start.
so we know from the first two graph that reddit have the low transaction number and discuss about this action in their.
as you see the fee amount of the reddit is low but we know that we can not say this number is low or more because in the compare part we should see both of the graph and start to compare.
but as a total view we see that fee amount is not more.
as you see in the largest amount this number was 0.0159 and in the lower amount this number is 0.0014 so lets analyze the other NFT and compare them at that part.
as you know transaction number of this NFT is more than before, and because of this we see the large number of the detail.
so as you see the large number of the fee that related to this graph is low that min amount of the fee.
as you see the large amount of the fee is 173 10 ^-6 and this show that fee amount of the reddit is so more than this and as you see in the min amount this NFTs amount is 52.52 * 10^-6.
so as a total detail we see that fee amount of the reddit is so more than this and this make the negative point for the reddit.
so lets analyze the gas amount and see their detail.
in the previous part we see that fee amount of the reddit is so more than other. and b follow that we expect that in this part we see the same thing but as you know this is expect, for getting sure lets start the analysis.
as you see the gas amount of the reddit in the largest part is 375 K and this number is low but again I want to say that this is not surely result because as I said before in the compare part we should check both of them in the same graph.
and in the min point this number is 46.3 K.
so or the better analysis lets check them in the other part
as you see because of the more number of the transaction we have more detail.
as you see in the min amount of the gas in this part we see the 15 M and as you know from previous part this number is too much more that reddits max.
and in the max point this number is 5.74 B.
as a total view we see that gas amount of this part is so more than reddit,
and as you know my expect got false, and this is normal because NFT is full of exiting thing. and this was one of the that show that gas and fee have no the same slope like each other.
conclusion
as you know in this dashboard I analyze the compare of two NFT as you see one of them was reddit and the other was positions NFT-v1.
and in this dashboard we get some result that they are:
1- transaction number of the reddit is so low than other.
2- most of the transaction in the reddit part related to the transfer by near 50 % of the transaction, and after that min number of the transaction related to the approval.
3- in the other NFT we see that most of the transaction related to the increasing liquidity and collect.
4- similarity of the reddit and other NFT in the event part is low percent of the transaction in the approval part.
5- differences of the reddit and other NFT is number of the transaction in the transfer part.
6- fee amount of the reddit is too more than other.
7- in the gas amount, amount of the position NFT-v1 is more than reddit.
gas and fee amount have not the same slope in the upper graphs.
thank you because of your attention to this dashboard.
about reddit NFTs
Reddit’s polygon-based nonfungible token (NFT) venture continues to impress, with three of its tokenized avatar collections cracking the top 10 projects on OpenSea in terms of sales volume this week.
Looking at the 24-hour sales volume chart, Spooky Season by Reddit user poieeeyee is ranked second with 274 Ether,or $401,000 at the time of writing, worth of sales, behind only Yuga Lab’s Bored Ape Yacht Club (BAYC) at 684 ETH.
The ninth and tenth spots are then taken up by Imagination Station from user Chipperdoodle and The Senses from user Rojom with 121 ETH ($177,400) and 120 ETH ($175,900) worth of sales over the past 24 hours.
Zooming out to the seven-day sales volume chart, Spooky Season is the sole Reddit project cracking the top 10 with its 880 ETH ($1.2 million) worth of sales, placing it as sixth at the time of writing.
For anyone unfamiliar with Reddit’s NFT project, it offers a Collectible Avatars Creator Program which enables users to create and sell profile picture (PFP) NFT collections with artwork based on the Reddit mascot logo Snoo.
The move has been a hit so far, with Cointelegraph reporting on Oct. 24 that the number of wallets holding Reddit NFTs had hit around 2.8 M since launch.
NFT considered physical property like “luxury watches” in Singapore court
A judge from the High Court of the Republic of Singapore has drawn on existing property laws to grant a motion to refrain a defendant hodler from selling a BAYC NFT, as he likened the asset class to physical property such as luxury watches or fine wine.
The dispute in question involves Plaintiff Janesh Rajkumar, who alleges that defendant chefpierre.eth broke the terms of an NFT loan agreement and foreclosed on the token too early.
according to court documents, via the NFTfi platform, Rajkumar had borrowed crypto assets from chefpierre.eth by putting up his BAYC NFT as collateral but had set terms in which the asset would not be liquidated without giving “reasonable opportunities to make full repayment of the loan.”
After the NFT was liquidated, chefpierre.eth went on to list the NFT for sale. However, Rajkumar then filed a lawsuit and motioned for the court to bar the sale for the duration of the case.
Explaining his decision to grant the motion, Judge Lee Seiu Kin compared NFTs to physical collector’s items, noting that:
> “Cars, books, wine and luxury watches … are a few examples of highly sought-after items for collectors, [f]or digital nomads, especially those steeped in the world of blockchain and cryptocurrencies, NFTs have emerged as a highly sought-after collectors’ item.”
Get a teardrop tattoo in the metaverse, your grandma won’t care
Freshly launched Australian Web3 tech firm Swallow is looking to expand the tattoo sector into the metaverse.
In a launch announcement this week, the firm outlined that it will allow “metaverse-goers and gamers to customize their avatars and accessories with tattoos and skins from the world’s most exciting tattoo artists.”
A key focus for the firm will be offering tattoo artists ways to expand their presence outside of their shops, bring more exposure to their artwork and designs and build a digital community.
“Giving people the ability to represent themselves online through wearable art is an important part of their digital experience. Likewise, tattoo artists are looking for ways to expand outside their physical studios and share their designs more broadly,” the announcement reads.
According to Swallow, more than 100 tattoo artists have signed on from the jump, such as popular podcaster Joe Rogan’s go-to artist Aaron Della Vedova. 25 business partnerships have also been penned, including two blockchain-based metaverses in Bloktopia and CrypCade.
