Overview

It is clear that we are living a revolution in the world of non-fungible tokens (NFT). Not only because it is what is most talked about now in the crypto world and what generates more interest, but also because many celebrities are already acquiring their own NFTs. Moreover, with the arrival of Facebook in this world, and other brands such as Nike and Adidas already on the way, it seems that this has only just begun.

NFTs have been the trending topic of cryptowolrd over the past year. In fact, emblematic persons like Mark Zuckenberg told about that and basically, put their enterprise name Facebook a different name so called "Meta" in reference to Metaverse, the world of NFTs. Thanks to that, the growth of this type of tokens increased exponentially in all the blockchain networks. Algorand is one of the top 10 platforms currently offering NFTs. Algorand is a project designed to support all types of assets, then, NFTs are not an exception.

Methods

Currently, when an NFT is created, then it can be put in minting phase to be claimed by users or directly put in a secondary marketplace to be sold. As well, when soem user mint it, he/she also put it in a secondary marketplace.

Once the NFT is sold, royalties from the respective NFT will provide the original owner a portion of the sale price. NFT royalties are paid perpetually and automatically using smart contracts. Most marketplaces allow users to select their royalty percentage.

The idea of this dashboard is to provide an assessment of how the royalties impact the NFT market activity. To do so, we will compare the royalties against the sellers activity, the number of sales as well as the volume sold. As well, a comparison between 3 of the top marketplace will be provided looking at the general activity metrics, as well as the differences in royalties and creator fees.

General NFT marketplaces metrics: Opensea, Looksrare and Rarible

Daily NFT marketplaces metrics: Opensea, Lookrare and Rarible

In terms of royalties, we can see again high activity on Opensea. In this case, the numbers have not changed over time. More volatility found on Rarible. Over the past month, a total of 20M of royalties have been generated on Opensea, 500k in Looksrare and around 15k in Rarible.

The average creator fees seems to be increased over the past month in all the cases. On Opensea from 5.2 to 5.6, in Rarible from 1 to 2 and in Looksrare from 0.1 to 0.3. In the last image we can see the daily differences over time, seeing how Rarible shows high volatility in comparison to the other marketplaces.

Royalties effect to NFT marketplace activities

These final charts show the relationship between Royalties and the NFT marketplaces activity.

If we take a look at the volume, we can see how it has been affected in a strong positive way in Opensea and Rarible cause it has seen a strong correlation on them. But in Looksrare, it seems that there is not a significant correlation.

In terms of number of sales, seems to be a strong positive correlation in all of the marketplaces, saying that the royalties have an influence on the number of sales.

Finally, something similar occurs with the number of sellers. In this case there is also seen a positive correlation.

Key insights

• The Opensea has higher activity in all aspects. As well, we can see how it is the Marketplace with the highest difference between number of buyers and sellers. But Rarible also presents a huge difference between both in favour of buyers.
• In terms of creator fees, the Rarible has similar values as Opensea having almost 3% in fees as an average but Opensea has over 5% in aevrage. Looksrare creator fees is below 0.2%.
• If we take a look at the volume, we can see how it has been affected in a strong positive way in Opensea and Rarible cause it has seen a strong correlation on them. But in Looksrare, it seems that there is not a significant correlation.
• In terms of number of sales, seems to be a strong positive correlation in all of the marketplaces, saying that the royalties have an influence on the number of sales.
• There is also seen a positive correlation between the royalties and the number of sellers.

In this first charts, we can see a comparison between three of the current top NFT marketplaces available on Ethereum: Opensae, Looksrare and Rarible.

As we can see, the Opensea has higher activity in all aspects. As well, we can see how it is the Marketplace with the highest difference between number of buyers and sellers. But Rarible also presents a huge difference between both in favour of buyers.

It is to say that in terms of creator fees, the Rarible has similar values as Opensea having almost 3% in fees as an average but Opensea has over 5% in aevrage. Looksrare creator fees is below 0.2%.

These charts shows the activity of these 3 marketplace over the past month. Again, we can see how from the beginning until the end, the Opensea has been the top marketplace with a huge difference against the other two.

The volume amount has decreased during the past 30 days, while the number of sales seems to have been the same on Opensea and Looksrare, but has increased on Rarible.

Finally, the number of sellers has been similar over time for all the different marketplaces.