Introduction To NFTX

NFTX is a NFT market place but not like any other market places like open sea, rarible, etc. So what is the difference? If you are an active NFT trader you know that one of the most important critiques that have been issued against NFTs is that they are not liquid enough; Meaning that if you need money, or just want to sell you NFT, you can't do it instantly unlike Tokens and coins which are tradable in DEXs and CEXs almost instantly. You can sell your ETH to save a position that is near to liquidation but you can't count on selling your NFT unless it's way under floor price.

That's where NFTX enters the scene. NFTX provide liquidity pools for NFT Collections (also you can initiate your pool too). How is that going to work? There are number of NFTs and amounts of ETH in a pool, all NFTs worth the same near to its floor price on regular market places. you can sell your NFT to its pool and take out some vToken which can be traded for ETH on SushiSwap. Or you can buy a random or specific NFT from this pool by paying ETH. So as we said NFTX provide liquidity for NFTs!

Analysis

In this bounty, as mentioned before, we are going to see which projects are sitting at top 3 sale volume in NFTX in past two months? how many buyers they had and how the daily number of sales look like for each of these projects and how much fee was paid in these sale transactions?

Without further a due, You can check out the project names and their sales volume in first chart:

• There were only 3 Addresses which bought some BAYC NFTs but since their floor price is so expensive, they were able to pave their way into top 3 projects.

• Also next chart shows that BAYC was traded only in 4 days out of past 60 days
• Doodles are showing better stats comparing to BAYC but they are nothing to compare to milady sales that were up to 248 sales on May 20th, while most sale count for Doodles was 33 in May 13th and 4 for BAYD on April 22nd.