SHILL Issue 45
Solana ecosystem zine.
Solana ecosystem zine.
- No tags were found...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
creators &<br />
collectors<br />
@austinvirts<br />
There is currently an imbalance between creators and collectors in the<br />
Solana NFT space.<br />
the rate of ‘minting’ is outpacing the rate of collecting by a significant<br />
amount.<br />
let’s take a look<br />
to start, let’s take a look at the data.<br />
(for simplicity, I am using March 2nd as the baseline)<br />
- average # of NFTs minted each day | ~50,000<br />
- # of unique Solana NFT holders | 583,804<br />
- average # of daily NFT transactions | ~12,5000<br />
- # of daily new Solana NFT holders | ~3,500<br />
* for transparency, the numbers above vary slightly between bull /bear markets. I<br />
took a median average - numbers vary plus or minus 20% in some extremes.<br />
regardless, the number of people buying NFTs is only a fraction of the<br />
number of people minting NFTs.<br />
why does this matter?to start, a standard metric of success recently<br />
has been ‘number of NFTs minted.’ while this is great and shows that<br />
folks are interested in and using the tech, it’s excluding actual market<br />
demand.<br />
i.e imagine marketplace X touted 100k daily mints but sold 0. is that<br />
60<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>45</strong>
Change language