Team26-miniproject2-Farmland analysis
The project aims to help a person who is a newbie in the crypto space and wants purchase their first NFT. As a first time investor, the person might have a low budget and would be looking for a NFT which is fairly popular and has a higher chance of appreciation.
Which NFT Project has the lowest number of NFTs?
If a resource is limited in number and fairly popular, its value will increase. There are many projects with over 100k NFTs and that might present the user with a paradox of choice.
Farm Land is a pixelated metaverse game where players farm in-game items and trade them for coins in the game. Each playable Farm Land is purchasable as an NFT. Players who own their own farmland can invite others to their land and set a tax rate on how much of the farm’s yield goes to them.
By making this query, a user can find a relatively small project that is easier to understand and get started with. Here, Farm Land by Pixels has 5000 NFTs which is a decent size.
What is the total sales revenue for the Farm Land project?
If a project only has one or two popular NFTs then buying any other NFT might not be that profitable. Ideally, all the NFTs should be equally popular and the turnover distribution should be evenly spread out.
We can see here that about 10 NFTs which account for more than 1% each. Farm Land #1865 has the most percentage of revenue share at 5.5% which is not an outlier as compared to the rest 9. The turnover distribution looks fairly healthy.
What are the highest priced and lowest priced NFTs in Farm Land by Pixels?
Now that we have decided we want to buy a Farm Land NFT, we want to see what is the least and most amount of money one can spend. If the difference is not too much, we can base the decision solely on the popularity of an NFT without having to think about the price.
Here we can see that the range of prices is extremely wide. Since we have a short amount of budget, we will go with the cheapest Farm Land NFT; #1292 for and average price of about $618. Lets see if this people like to trade or hold this NFT.
In what band does Farm Land #1292 has traded in the past Year?
Now that we have decided that #1292 is a reasonably good NFT to buy, we wan to see the range in which the NFT trades and what is the lowest price that we can get it for.
Looking at the trend for the past Year, It usually trades in $100 - $1000 range. A few outliers can be seen in $1-$10 range but that is rare.
Based on this info, it might be suitable to place a bet around a $100 to get the best value out of the NFT.
How many unique buyers have bought Farm Land #1292 and how many times have they bought?
Having a unique more number of buyers is a positive sign for an NFT as it makes it much more difficult for anybody to manipulate the value of the NFT vastly and ensures stability.
We can se that there are more than 3500 unique addresses who have bought the Farm Land #1292. Its also interesting to see that most of them bought them only 1 time. This would can mean that the owners are finding this NFT to be suitable for keeping over a longer term till the investments vest.

After receiving $2.4 million in funding from a range of investors such as Opensea, Leonis Capital and Animoca Brands, Farmland by Pixels has seen a new wave of interest in the NFT world. Along with the land NFTs, Pixels will launch its own in-game cryptocurrency which will be used to facilitate the game’s economy along with the in-game farming mechanics. Popberries and Grumpkins are items that can be farmed by players in the game with more options to be released throughout the game’s lifetime. Players are able to enter the Pixels metaverse by connecting their crypto wallets. Beginner players must complete a set number of quests before they can obtain seeds and plant them in in-game soil plots
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