Analyzing the rise of Flowverse NFT Marketplace

    Flowverse, a key player in the Flow Blockchain ecosystem, has rapidly grown since its June 2021 inception, amassing over 60,000 subscribers and followers. With a new Flow NFT marketplace, Flowverse emphasizes a community-first approach, focusing on empowering users in the evolving world of the Flow blockchain revolution.

    Introduction

    Flowverse is a leading media platform and community covering the Flow Blockchain ecosystem. They recently launched a Flow NFT marketplace and have rapidly grown since their June 2021 inception, amassing over 60,000 newsletter subscribers and 50,000 Twitter followers. Flowverse's mission is to facilitate the discovery, purchase, and sale of top Flow projects through a community-first platform. They've introduced two NFT collections, Flowverse Socks featuring notable figures and the premium Flowverse Mystery Pass offering exclusive content and collaborations. Notable features include their specific Flow ecosystem knowledge, community focus, strong track record, media capabilities, and commitment to ethical practices. Flowverse aims to be a leader in the Flow blockchain revolution, empowering users to participate in the digital economy's future.

    Key Insights

    1-Flow NFT Sales Growth: From June onwards, there is a substantial and consistent growth in Flow NFT sales, reaching a peak of 4.31K NFTs sold.

    2-USD Volume Increase: The USD volume generated by these sales experiences a remarkable increase, surging from 11.9K in May to 66.8K.

    3-Fee and Royalty Trends: Initially, fees and royalties exhibit regular growth, but in September, there is a significant drop in fees (from 79.3 to 39.6), influencing the royalties generated.

    4-Buyers' Dynamics: Active and new buyers peak around June, followed by a decline. Unique buyers, however, maintain a steady increase, reaching a maximum of 1,630 and showcasing consistent trust in the currency.

    5-Daily Sales Patterns: Daily sales show regular growth until July, experiencing a dip to 1,180, but then rebound strongly, breaking the previous peak and reaching 2,470 daily sales.

    6-Unique Buyers' Resilience: Unique buyers demonstrate resilience, consistently growing even when active and new buyer trends decline.

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    Methodology

    1-Data Compilation: Data related to Flow NFT sales, including USD volume generated, fees, royalties, and buyer activity, was collected.

    2-Temporal Analysis: A temporal analysis was conducted, dividing the data into monthly intervals to identify trends and patterns over time.

    3-Charts and Visualizations: Graphs were created to visualize the evolution of daily sales, USD volume, fees, royalties, and buyer activity. These visual representations provided a clear overview of market dynamics.

    4-Variable Comparison: Key variables, such as USD volume generated, fees, royalties, and buyer activity, were compared to identify correlations and common trends.

    5-Identification of Peaks and Dips: Special attention was given to significant growth and decline moments, such as peaks in daily sales and the decrease in fees in September.

    6-Buyer Behavior Analysis: Buyer behavior was analyzed, distinguishing between active buyers, new buyers, and unique buyers to understand their individual and collective patterns.

    7-Insight Generation: Key insights were extracted based on observations and comparisons, highlighting patterns, trends, and pivotal moments in the Flow NFT ecosystem.

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