Flash Bounty: Art Gobblers

    Introduction

    • In this Analysis, You will read about Ar Gobblers NFT collection. Art Gobblers is a pre-reveal NFT project that generates "Goo" when you feed it (upload) art you've created.
    • I went through this collection and analyzed these parameters:
    • Mint/Minter
    • Buyers and Sellers
    • Sales Volume
    • Sales on Secondary Markets
    • Floor Price
    • Goo Token

    Analyzed by Hess - Reading Time Almost 10 min.

    Method

    • There are two contract addresses related to Art Gobblers. The NFT collection address is 0x60bb1e2AA1c9ACAfB4d34F71585D7e959f387769 and Goo token contract address is

    • 0x600000000a36F3cD48407e35eB7C5c910dc1f7a8.

    • I used the NFT collection address in NFT Mint and Sales tables on Ethereum ana analyzed all mentioned parameters.

    • Also, I put Goo token contract address as token_in and token_out in DEX swap table.

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    Mints

    • Users minted their NFTs since November 1. I drew an hourly chart to show how fast users minted their NFTs. Following that, You can see that most users minted their NFT in the first hour. About 50% of Art Gobblers NFTs were minted in the first hour. In total, Until November 2, 1870, NFTs were minted. Based on the number of unique minters and the number of NFTs we can understand that each user has only one chance to mint NFTs. So each user had one NFT. For this round, the Supply of Art Gobblers is 2K NFTs.

    Secondary Markets Sales

    • We already know that 1870 Art Gobblers NFT minted by users since November 2. Based on that, Users sold 715 NFTs out of 1870 NFTs. Most of the users sold their NFTs right after their Mints. About 370 NFTs were sold by users in the first three hours. Nearly 50% of total sales. It seems When users see the price of Art Gobblers they didn’t sell anymore. The total number of NFTs that sold dropped significantly.
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    • Based on Sales on secondary markets, Art Gobblers have 422 Unique buyers and 762 Unique sellers. The hourly share of Buyers and sellers shows the total number of buyers and sellers were similar to each other.
    • In 823 transactions, The total sales volume of Art gobblers NFTs was 18.4M US dollars. The highest sales volume happened in the first hour of sales. About 4.3M dollars in sales in the first hour. After that, The sales volume of Art Gobblers decreased. But overall, This is a record for Art gobblers. In only 24 hours, 18M US dollars is an ATH for this collection.

    The average NFT prices is 20K US dollars. As you can see, The average sales volume or NFT prices increased over hours and reached up to 40K US dollars. The min floor price was nearly 5K US dollars and the max price was 41K US dollars that traded on Secondary market places. The median NFT price is 20K US dollars.

    Marketplaces

    • The hourly shares of Art Gobblers sales show that Opensea had the highest shares in comparison to other market places. Most users sold their NFTs on Opensea. with a huge difference, The second place is x2y2. The highest sales volume happened on Opensea with 4M US dollars volume at the first hour.
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    Floor Price

    • We don’t have direct access to Floor prices. But we can extract and estimate the floor price based on the number of sales and volume. Following the sales volume and number of sales, The highest number of NFTs sold with 15K-20K US dollars prices. The second place is NFTs with 20K-22K US dollar prices. The third place is NFTs with 22K-25K US dollars in prices. As you can see we have Sales with +25K prices and two sales below 10K US dollars.
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    Social Mentions/Shares

    • Based on Google Trends, You can see how the Art Gobblers trended on November 1. Most users searched for Art Gobblers collection from China, Singapore, and Hong Kong.
    • Also, The highest impression was for Deeze tweet with 242K Impressions and a tweet retweeted nearly 300 times.
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    Goo Token

    • Goo token had nearly 1K swappers since November 1. About 480 Users swapped from Goo and 529 Unique swappers swapped to Goo tokens. The hourly swaps show that the highest number of swappers swapped their Goo on November 2.
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    A Summary of the Most Important Findings

    • 1870 Unique Users minted 1870 Art Gobblers NFT since November 1.
    • Minters have sold 715 NFTs on Secondary markets.
    • The average sales volume or average NFT price is 21K US dollars. Since November 1, The total sales volume is 18M US dollars.
    • Art Gobblers has 422 Unique Buyers and 762 Unique sellers.
    • The lowest sales were 4970 US dollars and the highest sales were 41K US dollars.
    • Most users bought and sold their NFTs on Opensea's secondary market.
    • Based on sales volume and transactions, Most Art Gobblers NFT prices traded 15K-20K US dollars.
    • 38% of NFTs are listed on the Secondary market places and 62% of NFTs are not listed yet.
    • Based on Google trends, China, Singapore and Hong kong are three popular countries that searched about Art Gobblers.
    • Since November 1, Goo token has 1K unique swappers. The average swap volume from and to Goo is 1K-1.5K US dolalrs.
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    What is Art Gobblers?

    Art Gobblers squirt Goo and gobble art.

    "When the Art Gobblers came, they promised nothing, and asked for nothing in return. They merely showed us a way the world could be, and invited us to manifest it into being. With hearts full of hope, we stepped into the void.”

    — The Book of Goob

    What is NFT?

    NFT stands for non-fungible token. It's generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that's where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.

    Full Analysis

    • The highest number of Unique buyers and sellers of Art Gobblers are on Opensea. Art Gobblers has 651 Unique Buyers and 357 Unique Sellers on Opensea. Almost 78% of sales happened on Opensea. Also, Based on Volume, 78% of the sales volume of Art Gobblers went through Opensea.
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    • Based on Opensea's overview, 8% of total NFTs are listed on this market. But based on Mints and sales, Until now 38% of minted NFTs are listed and sold on Secondary marketplaces. 62% of NFTs didn’t have any sales transactions and were not listed.
    • The Top holder holds 9 NFTs. The second top holder holds 8 NFTs.
    • Almost 2.5% of total Art Gobblers hold by 10 users.
    • Since November 1, 44% of swap transactions were swapping from Goo and 55% of swaps were swapping to Goo token. The hourly shares show that the total number of swaps from and to Goo token were similar to each other.
    • The swap volume of Goo recorded on Flipside tables since November 2 at 20 PM. So based on that, The total swap volume from Goo was 210K US dollars and the Total swap volume to Goo was 178K. Also, The average swap volume from Goo is 1.5K US dollars and the average swap volume to Goo is 1K US dollars.

    Conclusion

    • After only 24 hours, The total sales volume of Art Gobblers is 18.4M US dollars. Also, Almost all Art Gobblers supply minted in 24 hours. Based on the last 7 day’s sales, Art Gobblers is the top collection on Opensea. Based on Current status, Only 8% of holders listed their NFTs. This is a successful sales on Bear Market.

    THANK YOU FOR READING!

    ALL CODES AND CONTENTS WERE WRITTEN BY HESS.

    :bird: Twitter: @hessaminanloo

    :flying_disc: Discord: hess#0890

    :calendar: Analyze Date: 2022/NOV./03

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