ShroomDK Mint

Flipside has launched a NFT-based SDK access key which allows the owner to access an API and tools to build applications and dashboards with one of the leading on-chain data in all of the web3. The Shrooms will also give access to a gated section of Flipside’s Discord and additional perks along the way. Additionally, a decay and upgrade functionality has been anounced by the team but everything is still under a mysterious halo.

What magical trip will the shrooms unleash? Let’s dive in the first hours of this magical collection and find out how users are minting it!

Methodology

Using the Contract address provided by Flipside, a series of queries are used to get the following data:

Number of mints per hour and cumulative since the launch by querying ethereum.core.ez_nft_mint table aggregating by date_trunc (‘hour’, block_timestamp)
Number of mints per users querying ethereum.core.ez_nft_mint table, aggregating by distinct nft_to_address
Number of mints vs transfers querying ethereum.core.ez_nft_transfers table, aggreagting by event_type
Status of the transfers by joining ethereum.core.ez_nft_mints and ethereum.core.fact_transactions tables on tx_hash, aggreagting by status
- This query was done in both directions, meaning the nft_mints table was used with the constrain nft_from_address = ‘0xdfb57b6e16ddb97aeb8847386989f4dca7202146’ as well as the fact_transactions
  
  table with from_address = ‘0xdfb57b6e16ddb97aeb8847386989f4dca7202146’to eliminate the possibility that the nft_mints table only contained successful mints. Results were the same in both cases.
Using the Flipside address used to pay the bounties, I joined the addresses which have receive a payment from flipside.eth to the addresses which minted a Shroom DK NFT to check if the minters where veteran bounty hunters

Results

Figure 1 . shows the hourly and cumulative mints since June 29th 12.00. A daily wave pattern is clearly identified, since there is a limited amount per day and they tend to be minted right away: the first day it took more time but the second and third day the mints were almost gone inmediately. A total of 294 NFTs have been minted as of July 1st 23.00.

Figure 2. shows the number of mints per unique users. It is currently divided between 98 users who minted 1 Shroom and 98 who minted 2, giving a total 196 Shrooms minters.

Figure 3. shows the number of nft_transfers by type - the 294 mints and 6 transfers to a different user than the minter.

Table 4. shows the status of the mints - all mints were successful! The fact that the mint is free and that it is a small collection has probably influenced this result.

Figure 5. shows the percentage of addresse that minted which had received a payment from flipside.eth. Only 1 address had previously receive a payment, which is most probably due to the fact that Flipsiders minting the Shroom DK could have use a burn address for it. Not all Shroom DK minters need to be Flipsiders, but I expect a higher percentage as 0.5%…

Conclusion

This is the second NFT collection from Flipside after the GodMode NFT collection, it seems that in this bear markets there are still projects building utility besides the pump & dump NFTs. From my first impression, it is a very interesting launch including some functions that are still a bit unknown to the average Flipside users like the decay and the upgrade. This has not prevented the daily mints to be gone in a short time of time .

I am looking forward to all what will be built with the ShroomDK tools and hope to get my hands on one soon!