Try Quests to earn cryptoPooly NFTs
In this analysis, the minting status of Pooly NFTs from the PoolTogether Inc. has been investigated.
PoolTogether is a savings protocol designed to help people save money and become more financially healthy. Recently, a person sued PoolTogether Inc., the company behind the software development of the PoolTogehter protocol, over a deposited value of $12. PoolTogehter Inc. is a defendant in a putative class action lawsuit. According to Wall Street Journal, the lawsuit "appears to be a deliberate effort to put some of the DeFi communities core doctrines to the test". However, a thorough defense is still needed.
The Pooly NFT Collection is a limited edition set of NFTs created by PoolTogether Inc. to provide a supporting mechanism for its users. Purchasing each NFT is a way to support the organization in defending against the class action lawsuit. The proceeds from the sales of Pooly NFTs will be used for the legal expenses of the company and its officers and directors, as needed.
The minting data for Pooly NFTs were collected from the ez_nft_mints table of the core schema of the ethereum table. There are three different variants of Pooly NFTs with different contract addresses.
>Supporter: 0x90b3832e2f2ade2fe382a911805b6933c056d6ed > >Lawyer: 0x3545192b340f50d77403dc0a64cf2b32f03d00a9 > >Judge: 0x5663e3e096f1743e77b8f71b5de0cf9dfd058523
The mints overview of the Pooly collection has been demonstrated in the table below. More than 6,300 NFTs have been minted by 5,800 unique minters resulting in an average holding of around 1.1 NFT per holder. The average minting price was 0.15 ETH and the total mints volume was more than 980 ETH.
The daily number of unique minters and the number of minted NFTs have been plotted on the next graph. There were two huge spikes both in early May and early June. However, the numbers dropped to a steady range of around 50 per day since then.
The daily number of mints and number of minters have been shown on the following charts. As it can be seen, the majority of minters have chosen to mint the Supporter NFTs which had the lowest price among the three. In the early days of minting, a considerable number of minters minted some Lawyer NFTs but their number has decreased since then.
The analysis of total sales volume generated by the minting of each NFT type has demonstrated that the Supporter NFTs have accounted for nearly 65% of the total volume as expected. After that, the Lawyer NFTs have had a share of nearly 28% of the total. Only one Judge NFT has been minted so far, however, due to its higher price, it has accounted for 7% of the total volume.
In conclusion, the minting status analysis of the Pooly NFT collection has indicated that a considerable amount of sales volume, nearly 1k ETH, has been generated by the supporters of the PoolTogether protocol. Although the crypto market is in a major downtrend compared to late 2021, the total mints volume of the collection has generated more than $1M considering the $1k price level for ETH.