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 is Polygon?

Polygon is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees and staking.

What is Reddit Spooky Season NFTs?

The Spooky Season collection includes NFT Avatars designed by 23 artists from its Collectible Avatar Creator Program. For Reddit users who missed out on the public sale or don't have a credit card, Spooky Season avatars are now available for much higher prices on OpenSea.

Methodology

In this dashboard, we will look into the sales activity and price of Reddit Spooky Season NFTs since launch. Additionally, we will look at how the wallets that have bought these NFTs interact with polygons and daps on the chain. The data for this dashboard will come from the polygon.core.

Sections

1. Collections sales activity
2. Collections NFT prices
3. Collections NFT prices Breakdown
4. Polygon Activity of Reddit NFT Buyers
5. Polygon wallet age of Reddit NFT Buyers

Redit NFT sales activity

Observations

• Since the release of the Reddit Spooky Season NFT 7 days ago there have been 1,555 ETH sales volume of the collection which is around 2.3 Million USD.
• The most expensive Reddit NFT sold for 82.2 ETH This is about 1/3rd the price of the most expensive Moonbird NFT.
• In terms of users and sales, the activity of the Reddit NFTs was about 1/4th the activity of MoonBirds when they were released.

Reddit NFT price activity

Reddit NFT Price Breakdown

Observations

• 2/3s of the Reddit NFTs have been sold for between 0.1 and 0.5 ETH
• Almost 1/2 of the Reddit NFT sales volume is from sales over 10 ETH
• 216 Reddit NFTs were sold for under 0.1 ETH

Polygon Activity of Reddit NFT Buyers

Observations

• The two most popular contracts that Reddit NFT Buyers interact with Hop and WETH
• Hop is by far the most used protocol by Reddit NFT buyers
• Uniswap is the most popular DEX for Reddit NFT buyers

Polygon wallet age of Reddit NFT Buyers

Observations

• A large portion of the Spooky Reddit NFT buyers made polygon wallets within the past 10 Weeks
• The Median age of a Reddit NFT buying wallet is 7 weeks

Conclusion

1. Describe the web3 experience level of Reddit Avatar holders. Is this their first NFT? Or have they been interacting with NFTs and other web3 dApps for a while?

   1. A large portion of the Spooky Reddit NFT buyers made polygon wallets within the past 10 Weeks
   2. The Median age of a Reddit NFT buying wallet is 7 weeks

2. What do new wallets do after receiving their Reddit Avatar? Are they actively exploring web3, or have they been inactive?

   1. The two most popular contracts that Reddit NFT Buyers interact with Hop and WETH
   2. Hop is by far the most used protocol by Reddit NFT buyers
   3. Uniswap is the most popular DEX for Reddit NFT buyers

3. The trading activity of the NFTs.

   1. 2/3s of the Reddit NFTs have been sold for between 0.1 and 0.5 ETH
   2. Almost 1/2 of the Reddit NFT sales volume is from sales over 10 ETH
   3. 216 Reddit NFTs were sold for under 0.1 ETH
   4. The most expensive Reddit NFT sold for 82.2 ETH This is about 1/3rd the price of the most expensive Moonbird NFT.