NON FUNGIBLE TOKENS (NFT)

A non-fungible token is a type of cryptographic token that represents a unique item. These items may be digital or physical and represent things like sneakers, art, a plane ticket, university degree, commercial real estate, or in-game items for an online game. NFTs enable owners of a unique item to prove their ownership and the authenticity of an item. NFTs enable businesses or individuals buying and selling items in a marketplace the freedom to trust that the item they'll receive is truly authentic since the NFTs unique ID will match up with either the original issuer of the item or the service which performs authenticity checks. \n

METHODOLOGY

In this dashboard, we analyze the success of the NFT minting by using the average NFT minted per month and count of NFT for the whole period

ANALYSIS

As it could be observed in the bar chart, on average fewer NFT was minted in the year 2018. While it was at its peak in Nov 2019. It drop in Dec 2019, this could be associated to the COVID-19 pandemic when there was isolation. The increase in mortality might has also contributed to this decrease. It however increase in Jun 2021 when the whole world has started receiving the vaccine. It decrease again in Nov 2021, when a second variant of COVID-19 (SARS) was discovered. From Feb 2022, it keeps increasing and decreasing in average volume.