Methodology

We are looking to see how active the NFT scene is on the NEAR blockchain and what projects are most popular. In this dashboard we will specifically look at the NFT activity on the Paras platform. We will visualize the following metrics:

• Daily Paras NFT Mints and minters
• Daily Paras NFT sales and buyers
• performance of the Antisocial Ape Club

What is NEAR?

NEAR is a Proof-of-Stake blockchain that uses sharding technology to achieve scalability. One of the large difrentional factors of NEAR from other L1 blockchains is the Host of user friendly features such as human-readable accounts , and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.

What are NFTs?

A non-fungible token is a financial security consisting of digital data stored in a blockchain, a form of distributed ledger. The ownership of an NFT is recorded in the blockchain, and can be transferred by the owner, allowing NFTs to be sold and traded.

What is Antisocial Ape Club?

Antisocial Ape Club is collection of 3333 unique, randomly generated pixel art ape NFTs stored on the NEAR blockchain. the Ape Clube works with Jungle Launchpad to to develop NEAR NFT ecosystem and attract projects and people from other blockchains as much as possible.

Observations

Most days there are between 200 and 1,000 NFTs minted on NEAR and between 500 and 3,000 NFTs sold on NEAR. At the beginning of 2022 there was a large spike in both NFT sales and mints with sales up 500% from the end of 2022 and mints spiking over 1,000% of daily mints on some days. Since september 2021 there has been about 2x as many NFT sales on NEAR than NFT mints.

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Observations

Antisocial Ape Club Is a very popular NFT collection in the NEAR ecosystem with over 5,000 sales and nearly 300,000 in NEAR volume. most of the sales and volume occurred in February and May of 2022. Since the Spike in price of these NFTs in May the floor price has been consistently decreasing.

Conclusion

Overall the NFT ecosystem is active on NEAR, but it is not thriving like other nft ecosystems like on Solana or Ethereum. one way the near could help expand their ecosystem is to implement a contract like the candy machine on Magic Eden allowing users with less technical ability to do permissionless NFT mints. 

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