NFT marketplace royalties

Observations

• For all by 2 weeks OpenSea has made up more than 90% of all the royalties paid out on Ethereum
• During 2022 the NFT royalties have been consistently declining
• The average royalty fee on Ethereum is 2.19%
• The marketplace with the highest average royalty fee is looksrare   

NFT marketplace activity

Observations

• In total there has been over $50 billion in NFT sales volume from 1.44 million wallets on Ethereum
• Most Of the year OpenSea has made up less than Half of NFT sales volume but over 90% of the buyers
• The most popular market in terms of sales volume in 2022 has been looks Rare
• The platform with the most expensive NFTs Larva labs

NFT marketplace royalties/activity correlation

Observations

• There seems to be a large correlation between NFT market users and the amount of royalties paid on the marketplace
• there is not a very strong correlation between NFT markets royalties and avg NFT price of total NFT volume

Conclusion

• NFT marketplace royalties

  • For all by 2 weeks OpenSea has made up more than 90% of all the royalties paid out on Ethereum
  • During 2022 the NFT royalties have been consistently declining
  • The average royalty fee on Ethereum is 2.19%
  • The marketplace with the highest average royalty fee is looksrare   

• NFT marketplace activity

  • In total there has been over $50 billion in NFT sales volume from 1.44 million wallets on Ethereum
  • Most Of the year OpenSea has made up less than Half of NFT sales volume but over 90% of the buyers
  • The most popular market in terms of sales volume in 2022 has been looks Rare
  • The platform with the most expensive NFTs Larva labs

• NFT marketplace royalties/activity correlation

  • There seems to be a large correlation between NFT market users and the amount of royalties paid on the marketplace
  • there is not a very strong correlation between NFT markets royalties and avg NFT price of total NFT volume

  \

What are NFTs

A non-fungible token is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.

What are NFT Market Place?

An NFT marketplace is a blockchain-based online platform to sell and buy NFTs.

What are NFT Royaltys?

NFT royalties give artists a percentage of the sale price each time their artwork is resold. No matter how many secondary sales occur, the royalties will always be paid back to the original creator, and the best part is that the whole process is automated.

Methodology

in his dashbard we will look at the NFT Royality activity across diffrent NFT marketplaces on Ethereum. We are looking to see where the lionshare of NFT activiy is and how it is corrilated with Marketplace actiity. the data for this dashboard will come from the ethereum.core tables of Flipside’s database. All data for this dashboard will be from 2022.

Sections

1. NFT marketplace royalties
2. NFT marketplace activity
3. NFT marketplace royalties/activity correlation