Seen from afar, the NFT ecosystem can look like a large community of blockchain gaming enthusiasts. Thanks to the exclusive data collected by NonFungible.com, we found the answers to the following questions:
Our analysis was based on all asset transactions carried out over the period from January 1st to June 20th 2019 for the 13 most active NFT projects listed on NonFungible.com:
In total, the analysis has been built on more than 750,000 lines of data, highlighting verifiable trends in the first half of 2019.
We deliberately chose to study a limited period of time (and to exclude 2018 data) because trends are evolving extremely fast in the NFT ecosystem, and 2018 was specifically a year of major launches and changes for most of these projects. The data collected for 2019 reflects a greater stability of the ecosystem.
We identified the exact number of players and the percentage each community who purchased or sold assets in at least one of the 12 other projects during the period.
To present these results, we have two tables based on percentages of the project’s user base and common number of traders, which requires some explanations in order to be perfectly used.
In the example below, only 1.29% of CryptoKitties traders also bought or sold MLB Champions assets during the period, and 10.16% of Neon District users also traded MLB Champions.
Note: Given the size differences between user bases (CryptoKitties: 13 000 active addresses in the period / Cryptopunks: 176 active addresses), it is normal that the following two percentages are different because of the different community sizes:
The color code makes it easy to identify areas of adhesion between projects.
The volume of active addresses per project during these 6 months period is set on the 2nd line and row of the table.
Cf. example below:
The tables below displays all the common user base for the 13 projects listed above. This corresponds to 132 possible combinations.
Here are our main 7 conclusions following this analysis
The following table details the number and percentage of players according to the number of blockchain games with which they interacted:
Thus, almost all NFT traders are active on 1, maximum 2 games in parallel, rarely more.
|Number of projects with which the player interacted||Number of players||Percentage of the overall community|
Chart highlighting the distribution of players according to the number of blockchain games they traded within the period.