.moonbirds leads a crowded NFT Market: A Data perspective by intotheblock 🔥 This article seeks to analyze the increasing number of NFT collections in contrast with the few that are able to preserve their value.
The NFT space continues to receive positive news. The number of collections minted keeps increasing, and NFTs keep achieving new selling price records. This article seeks to analyze the increasing number of NFT collections in contrast with the few that are able to preserve their value, using the newly launched Moonbirds collection as an example.
By mid-2021, activity across the NFT space started to drastically increase. The number of NFTs collections being minted started to exponentially grow, fromThe indicator measures the number of collections on-chain, currently 83.6K. Even more impressive is the amount of collections being minted daily, averagingThe growth and high demand for NFT collections unleashed an increase in the supply of collections. Key metrics like.
Even though the NFTs space looks promising and continues to reach new highs, the sad reality is that many of these collections being minted do not accrue to the value expected by their issuers. A moreof all collections reveals that very few manage to surpass and maintain this expected threshold. Furthermore, most of the value is currently concentrated in a few collections rather than spreaded throughout the space.
Currently among the top “Trending Collection” is Moonbirds, launched on April 16. The collection managed to reach unprecedented daily volumes: $280 million between primary and secondary trading, just two days after its launch. This places it among the top ranked NFTs collections to ever be launched.gave the collection community power. Members had the ability to claim two Moonbirds for free, plus a chance to enter the raffle for the chance to buy one at 2.5 ETH.
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