Untitled Board

    Which platform is the king of NFT royalties?

    Introduction

    general info

    average price

    fee

    currency

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    This is a comparative dashboard, so it is better to first familiarize ourselves with the data we have The first recorded date for each platform is shown in the table opposite As can be seen Three main platforms included

    • opensea

    • x2y2

    • looksrare

      \

    are (this matter will be analyzed in detail in the following review and it will be clear why these three platforms are the main platforms)

    So I have limited the date of all my reviews to 2022-02-05

    This allowed me to make better and more accurate comparisons Throughout this analysis, table ethereum.core.ez_nft_sales was the most important table whose information was used And in each part, I will also express my analysis of the graphs drawn

    Before starting the analysis, it is better to read a simple definition of NFT royalties

    What are NFT royalties?

    NFT royalties give you a percentage of the sale price each time your NFT creation is sold on a marketplace. NFT royalty payments are perpetual and are executed by smart contracts automatically. With most marketplaces, you can choose your royalty percentage. 5-10% is considered a standard royalty.

    There are many differences between NFTs and other traditional royalty payments.

    The NFT royalties are automatic payouts to the author made on secondary sales. These are coded into the smart contract on the blockchain. Each time a secondary sale happens, the smart contract ensures that the terms of the NFT are fulfilled. If a royalty is specified, a cut of the profits goes to the artist who created them. 

    The price was another important issue in the case of plovers As seen in the previous section, Pleftherm opensea does not have the highest total price But it was necessary to check the price independently of the number of available NFTs, so I checked the average price of the available NFTs.

    As it is known, larva labs is the first in this metric by a big difference!

    And after that there is the looksrare platform, as we saw in the previous part, this platform had a total price almost equal to opensea

    According to the charts and information above, it can be determined that the opensea in terms of the number of users and the number of transactions, as well as the number of available NFTs

    It is much more than other platforms

    The interesting point is about the price of NFTs, which will be examined in more detail in the next part After this platform, which is the first in all metrics by a long distance, finding the second platform is a very important and sensitive point. And in most of the available metrics, you can refer to Pleftherm X2Y2 This platform ranks second after OpenSea in terms of the number of transactions and the number of NFTs

    In the last chart of this part, the general information of the platforms without a time limit is given so that you can compare at a glance and the results are almost equal to the charts and data with the time limit.