The Typical Minter
Analyze the Ethereum profile of those who minted during the first hour after launch. How many of them moved the minimum .1 ETH into their minting wallet vs. already had at least .1 ETH in that wallet? How many of them have been active in NFT purchases over the past six months? Can you construct a “typical minter” profile/profiles based on their wallet behavior?
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- The chart above depicts the number of NFTs bought over the last 6 months by GodMode NFT minters.
- 18 of the 34 wallets purchased fewer than 5 NFTs in the past six months, accounting for 52.9%.
- On the other hand, only 2 wallets bought between 5 to 10 NFTs, which accounts for 5.88%.
- Lastly, 14 wallets or 41.2% have bought more than 10 NFTs over the last 6 months.
- The graph above depicts the ETH balance of GodMode NFT minters one day prior to minting.
- Because the mint price of GodMode NFT for non-cantina members is 0.1 ETH, we will divide the minters into two groups: those with ETH balances more than 0.1 and those with ETH balances less than 0.1.
- There were 18 minters have less than 0.1 ETH one day prior to minting.
- However, 63 minters with more than 0.1 ETH in their wallets one day before minting, indicating that they have been fully prepared to mint GodMode NFT.
- The figure above shows the total number of GodMode NFT minters that have bought an NFT over the last 6 months.
- Only 34 minters out of 88 have bought an NFT in the previous six months. Inferring that GodMode NFT was purchased by more over half of the minters as their first NFT.
- The graph above shows the USD volume generated during the first hour of mint.
- The USD volume peaked in the first few minutes with over 1k USD generated in one minute.
- A total of 15.42k USD were generated during the first one hour of mint.
Introduction
GodMode is a community-generated collection of 1,000 utility-focused NFTs. Each GodMode NFT grants claim access to Flipside Crypto's analytical bounties indefinitely. The NFT also gives access to Flipside's Discord's GodMode channel.
- In this dashboard, we will look at the number of GodMode NFT minted and USD volume generated during the first hour of mint.
- Next, we will analyse the minters' ETH balance one day before the mint to determine how many minters have at least 0.1 ETH in their wallets to mint the NFT and who doesn't.
- Lastly, we will identify the number of wallets that have bought an NFT over the last 6 months, as well as the volume bought.
- The graph above shows the number of GodMode NFT minters during the first hour of mint.
- As can be observed, the number of minters was higher during the first few minutes of mint, peaking at 6 minters per minute.
- The cumulative number of minters have been steadily increasing, and there were a total of 88 minters that have minted GodMode NFT during the first hour of mint.
- The graph above shows the volume of NFT bought in USD by GodMode NFT minters over the last 6 months.
- We can see that the top 3 wallets have significantly more volume than the rest of the wallets.
- The top 3 wallets each bought more than 50k USD worth of NFT over the last 3 months.
- This indicates that they are substantial NFT buyers.
Conclusion
- During the initial few minutes of mint, the number of minters and USD volume were greater, reaching a peak of 6 minters and over 1k USD in one minute.
- Majority of the minters have more than 0.1 ETH in their wallets one day prior to minting
- In the last six months, only 34 minters out of 88 bought an NFT.
- The top 3 wallets each spent over 50k USD in buying NFT over the last 6 months.