Flowverse: Growth and Achievements in 2023

    Introduction

    This analysis will explore the Flowverse marketplace on the Flow blockchain.

    To begin, let's delve into the general activities of Flowverse. These activities encompass creating profiles, listing NFTs, and canceling listings.

    Next, let's shift our focus to the sales activities that occur on the Flowverse marketplace.

    Lastly, we will explore the top profitable collections and users on Flowverse.

    General Activities
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    New Users
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    Share of Market

    To access the Flowverse marketplace, every user is required to create a profile. Since the beginning of the year, approximately 10.4K unique users have created profiles on Flowverse. About 11.8K unique users have listed NFTs among these users, but around 6.7K of them have canceled their listings.

    From the data on the number of users creating profiles and listing NFTs, it can be inferred that most of the users who listed NFTs were new to the platform.

    In the recent month, Flipside implemented a program where users could earn rewards based on their NFT listings on Flowverse. The increase in NFT listings appears to be attributable to the Flipside program.

    Since January 2023, Flowverse has experienced a significant influx of new users, with approximately 10.8K newcomers joining the platform. On average, this amounts to around 470 new users per week.

    The highest surge in new user registrations occurred towards the end of April 2023, which appears to be linked to the Flipside Program and a new campaign introduced by Flowverse. Around 20% of the total user base joined Flowverse during that particular week.

    The performance of the Flowverse marketplace has been notably impressive. In certain weeks, Flowverse accounted for as much as 58% of the sales share among all marketplaces on the Flow chain.

    Considering the period since January 2023, approximately 48% of the total sales were generated through Flowverse, while the remaining 52% occurred on other marketplaces within the Flow ecosystem.