NBA Playoff Usage

    Q.15 Analyze the start of the NBA playoffs (mid-April) and determine whether it had an impact on Flow transaction volume. What about NBA Top Shots?

    Introduction:

    NBA top shot is the biggest NFT on flow blockchain which launched OCT 2020. Since that time this collection sold more than 1160 m$ .

    It seems with every match in NBA, some people start buying this NFT .(to show their support to themselves because of match excitement.)

    In this dashboard we are going examine what effects of NBA playoff on flow blockchain and this NFT collection sell status.

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    Number of transactions on flow blockchain:

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    Number of transactions by NFT NBA top shots:

    Transactions Volume of NBA top shots:

    Discussion:

    • As we can see NBA top shot transactions is about 10% of all transaction in flow blockchain that it is a large number for an NFT collection.

    • As time goes on and the initial excitement of the competition decreases, we see that the number of sellers has increased and the power of buyers has slowly decreased. So after a few weeks number of transactions has been reduced to one-fifth.

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