NFT 2018 Report VF 190219095958
NFT 2018 Report VF 190219095958
NFT 2018 Report VF 190219095958
YEARLY REPORT
2018
For this first report, we would like to express our sincerest thank you to NFT.NYC for their proposition to participate in
this major event, as well as for their help in delivering this report. We would also like to thank CoinGecko who trusted
us and gave us the idea to initiate this report, which is the little brother of CoinGecko’s quarterly cryptocurrency
report, for which we have the honor to contribute to.
Our goal with this annual report is primarily to inform the mainstream about the growth of this market, driven by
non-fungible tokens. We firmly believe that the advent of this new typology of assets will pave the way for real,
healthy, viable, and long-term use of the Blockchain, far from speculative drift.
Finally, we would like to thank our entire community and our faithful members who have provided us with valuable
advice and feedback throughout the development of this report and our platform.
We hope this first edition will give you a fresh look at this ecosystem and the booming NFT economy.
Enjoy reading,
Daniel Kelly & Gauthier Zuppinger
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SUMMARY
Why we think NFTs are the future of Blockchain 2018 price heatmap
USD traded in 2018: NFTs vs. Cryptos Price evolution per Cattributes
4
WHAT ARE NON-FUNGIBLE TOKENS?
FUNGIBLE
Non-fungible tokens (or NFTs) are a new class of digital assets
stored and handled on a blockchain. These assets are Bitcoin ERC-20 token Cash
The appearance of NFTs and the use cases that they make possible on Blockchains today, open the doors to a whole new world of
possibilities: Collectables (cards, objects, ...) Gaming (RPG, platform games, ...), digital art, certifications ...
We believe that a new era of mass adoption will rise from NFTs.
6
2018: THE #BUIDL YEAR IN FIGURES
7 662 072
TOTAL TRANSACTIONS
366 120
TOTAL ETH TRADED
16 months
THE ERC-721 STANDARD HAS BEEN DEFINED IN AUGUST 2017. ALL THOSE FIGURES ARE BASED ON A
TECHNOLOGY THAT WAS BARELY ONE YEAR OLD.
7
NFTS ARE CROSS-BLOCKCHAIN!
BITCOIN (BTC) ETHEREUM (ETH)
The original non-fungible token, “colored coins”, may be used to represent different The first non-fungible token proposal on Ethereum is based on the initial draft by
asset classes. The first non-fungible token experiments used CounterParty’s Dieter Shirley of the CryptoKitties team and finalized by lead author William
infrastructure, RarePepe and Spells of Genesis. CounterParty provides the Entriken and a large community of supporters. ERC721 has been through rigorous
infrastructure to build and deploy fungible or non-fungible assets on the Bitcoin testing by hundreds of projects, ran through an official bug bounty, and is largely
network as well as the wallets and blockchain explorers for users to view and considered THE non-fungible token.
interact with their assets. High transaction fees and slower network confirmations
played a major role in restricting the non-fungible asset and blockchain gaming use-
case presented by NFTs. TRON (TRX)
Touting similar advatages as EOS, Tron’s NFT token has seen good support from
publishers such as Blockchain Cuties, and EverDragons. Tron is attracting developers
of the blockchain gaming industry and coining the term “Dgaming” on the Tron
EOS (EOS) blockchain.
Design and development led by the team at Unico Global, “dGoods”, the non-
fungible standard for EOS, promises the same incredible throughput and small
transaction fees of more centralized blockchain solutions. EOSKnights claims to
attract an incredibly high user base and is likely largely due to the improved user NEO (NEO)
experience of transaction speed and cost. Led by the team at HashPuppies, NEP-11 puts non-fungible assets on the NEO
blockchain. NEP-11 has been changed to the “accepted” state as of October 2018
and is the defacto standard of NFT on NEO.
STELLAR (XLM)
Non-fungible tokens on the Stellar blockchain are possible but come with their NEM (XEM)
drawbacks. Although not officially supported as a standard, NFTs may be created by
@aleixmorgadas on Github has been working on "nem2-nonfungble-asset" since
backpacking on Stellar’s accounts feature. Every asset should become its own
May 2018, and some projects have started working with it. NEM utilizes an
“account”, or individual fungible token with a supply of one. This requires the
experimental "proof-of-importance" consensus algorithm to achieve
account to conform to the minimum eligibility criteria and cannot be traded on
decentralization. Like proof-of-stake, POI provides high transaction throughput over
Stellar’s native DEX platforms.
the NEM blockchain.
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2018 GLOBAL REVIEW
January February March April May June July August September October November December
$28MM USD NonFungible.com ERC721 Bug ERC721x NonFungible William Shatner prefers
ERC 721 ERC 998 Mokens
on 34k $LAND launches market Bounty by (Loom Alliance non-fungible tokens
(final) (draft) (ERC998)
minted history! 0xcert Network) formed https://bit.ly/2sQA9zB
EVENTS
34 35
31 32
27
22 24
21 21
NEW NFT 14 14 16
CONTRACTS
• OpenSea • Axie Infinity •Chibi Fighters • Super Rare • Hi Precious • Crypto Voxels • Gods Unchained • Mokens • My Crypto • Chain Breakers • Cubegon • Coingecko
• CryptoCelebrities • CryptoCountries •ETH.Town • Known Origin • Digital Art Chain • Doperaider • Ether Kingdom • Coin.Kred Heroes • Kudos Token • Dragonereum Xmas2018 NFT
• Ether Tulips • Mythereum •Ethmoji • Crypto Space • Dyversear • 0xuniverse • Starcards • MLB Crypto • Zoma Series • Crypto Derby • Crypto Kaiju • FOAM Signal
• Crypto Fighters • RareBits •SU squares Commander • MegaCryptoPolis • CryptoStrikers • Codex Record Baseball Alpha • Crypto Beasties
• Etherbots • Crypto All Stars •Hyper Dragons • Arcona • Crypto Ink • Crypto Fights • Nifties • Etherdragons • Hash Kings
• Wyvern •EtherGoo • Johorionyoung • Exoplanets • Cryptotoons • Zombie • Planet Crypto
NEW PROJECTS Exchange •Blockchain Cuties • Cryptorome • Everdragons Battleground • Crypto Motors
ON MAINNET • CryptoJingles • Accedition • Hedgie
• Chain Monsters Challenge Loot • Coinbase Wallet
• Cryptosport (alto.io) • Coinbase
• Rare Digital Art Trophies
Network
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NON FUNGIBLE TOKENS MARKET
CHARTS AND TRENDS
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TRANSACTION VOLUME: ETH vs. NFTs
1 400 000 70000
NFT TRANSACTIONS
800 000 40000
0 0
01/01/2018 01/02/2018 01/03/2018 01/04/2018 01/05/2018 01/06/2018 01/07/2018 01/08/2018 01/09/2018 01/10/2018 01/11/2018 01/12/2018
Daily volume of transactions tracked on Ethereum blockchain Linear trend of transaction volume on Ethereum blockchain
7500
1 000 000
ACTIVE ADDRESSES ON ETHEREUM BLOCKCHAIN
6000
4500
600 000
0 0
01/01/2018 01/02/2018 01/03/2018 01/04/2018 01/05/2018 01/06/2018 01/07/2018 01/08/2018 01/09/2018 01/10/2018 01/11/2018 01/12/2018
Daily active addresses on Ethereum blockchain Linear trend of daily active addresses on Ethereum blockchain
12 Daily active addresses interacting with NFTs Linear trend of daily active addresses interacting with NFTs
TRANSACTIONS VOLUME DISTRIBUTION
PROJECTS TRANSACTIONS PROJECTS TRANSACTIONS PROJECTS TRANSACTIONS
#1 CryptoKitties 4 639 422 #18 Ether Dungeon 52 166 #35 CryptoPepe 8 004
#2 Etheremon 476 647 #19 Cryptobots 49 975 #36 Crypto All Stars 7 858
#3 EtherGoo 337 214 #20 Fishbank 47 781 #37 Crypto Strikers 6 255
#4 Blockchain Cuties 168 445 #21 Staryfox 36 739 #38 Auctionity 6 112
#5 ETH.Town 155 982 #22 Cryptocelebrities 33 740 #39 Crypto Flowers 5 750
#6 Gods Unchained 139 668 #23 OpenSea 30 638 #40 D World 5 594
#7 0x Universe 118 738 #24 Panda Earth 29 760 #41 0xCert KYC 5 235
#8 Axie Inifinity 117 809 #25 Crypto Space Commander 29 326 #42 Crypto Punks 5 046
#9 EtherBots 110 747 #26 Ether Online 26 900 #43 CryptoCrystal 4 970
#10 CryptoInk 107 384 #27 Chibi Fighters 16 928 #44 SuperRare 4 964
#11 Decentraland 105 444 #28 Crypto Warriors 15 782 #45 Cryptopony 4 935
#12 MLB Crypto Baseball 104 962 #29 Pepe dApp 15 533 #46 CryptoRome 4 933
#13 0x Project 104 098 #30 Crypto Saga 14 971 #47 EtherQuest 4 687
#14 Hyper Dragons 98 139 #31 Crypto Fighters 14 073 #48 ExoPlanets 4 648
#15 Mega Crypto Polis 87 786 #32 Crypto Countries 13 685 #49 Dragonereum 3 390
300 000
Etheremon
Cryptokitties
WEEKLY VOLUME OF NFT TRANSACTIONS
200 000
100 000
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USER BASE EVOLUTION
(WAA = WEEKLY ACTIVE ADDRESSES)
12 500
Blockchain Cuties
Average: 283 WAA
10 000
EtherGoo
WEEKLY ACTIVE ADDRESSES
Gods Unchained
Cryptokitties Peak: 5 292 WAA Average: 571 WAA
Average: 2 029 WAA
7 500
Etheremon
Average: 587 WAA
5 000
2 500
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NFT MARKET DISTRIBUTION (USD)
(TOTAL USD TRADED IN 2018 PER PROJECT)
Decentraland
$17 228 856 MegaCryptoPolis EtherBots MLB Crypto Baseball
$2 018 497 $1 932 478 $1 475 432
CryptoMasterP…
OpenSea $395 003
$1 377 711
KryptoWar
$369 516
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WHAT IS DECENTRALAND?
Decentraland is a virtual reality platform where “LAND” ownership is stored on the Ethereum blockchain. Users can create,
experience, and monetize content and applications on the LAND using Decentraland’s SDK. LAND in Decentraland is permanently
owned by the community, giving them full control over their creations.
Users claim ownership of virtual land on a blockchain-based ledger of parcels. Landowners control what content is published to their
portion of land, which is identified by a set of cartesian coordinates (x,y). Content can range from static 3D scenes to interactive
experiences such as puzzles and games.
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VALUE HEAT MAP
CAPTION
$700 000
6 000
$600 000
5 000
TRANSACTIONS
$500 000
USD
4 000
$400 000
3 000
$300 000
2 000
$200 000
$- -
19/03/2018 19/04/2018 19/05/2018 19/06/2018 19/07/2018 19/08/2018 19/09/2018 19/10/2018 19/11/2018 19/12/2018
Average transactions per week Total transactions in 2018 Average USD traded per week Total USD traded in 2018
20 2 153 90 418 $307 658 $17 228 856
DECENTRALAND – LAND TOKEN PRICE
WEEKLY EVOLUTION OF $LAND TOKEN (ERC-721) PRICE IN USD AND $MANA (ERC-20) THROUGHOUT 2018
$2 500 35 000
30 000
$2 000
25 000
$1 500
20 000
15 000
$1 000
10 000
$500
5 000
$- -
19/03/2018 19/04/2018 19/05/2018 19/06/2018 19/07/2018 19/08/2018 19/09/2018 19/10/2018 19/11/2018 19/12/2018
$0,200
MANA / USD
$0,100
$0,000
The gap between the two lines illustrate the relative autonomy of the ERC-721 tokens economy vis-à-vis the ERC-20 tokens. The
$LAND (ERC-721) price was not necessarily indexed to the $MANA (ERC-20) course. Specific events within the project have an impact
21
on the ERC-721 token, regardless of the price of the cryptocurrencies to which the NFTs are associated.
FOCUS ON: CRYPTOKITTIES
MARKET ANALYSIS
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CRYPTOKITTIES – MARKET EVOLUTION
WEEKLY EVOLUTION OF CRYPTOKITTIES SALES VOLUME (USD vs. TRANSACTIONS)
$1 800 000
70 000
$1 600 000
60 000
$1 400 000
50 000
$1 200 000
$800 000
30 000
$600 000
20 000
$400 000
10 000
$200 000
$- -
01/01/2018 01/02/2018 01/03/2018 01/04/2018 01/05/2018 01/06/2018 01/07/2018 01/08/2018 01/09/2018 01/10/2018 01/11/2018 01/12/2018
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PRICE EVOLUTION PER CATTRIBUTE
During our analysis of the CryptoKitties market, we decided to study separately the various "Cattributes" and to follow the relative
value of each trait through time. The following charts and analysis are based on almost 2 million transactions tracked in 2018 on the
official Cryptokitties Marketplace.
The following slides display the evolution over time of the 10 most popular traits for each "Cattribute" to ease the readability of the
charts. The fancy or exclusive kitties sales have been excluded as they are not based on traditional Cattributes.
We know that the evolution of other traits may be of interest to some users. If you want to know more about the data and charts not
displayed in this report feel free to reach us:
[email protected]
In addition to this report, we propose to find the average price of every possible combinations of "Cattributes", based on all
transactions recorded in 2018. We have found more than 1 MILLION different combinations. We hope this tool would allow everyone
to know the average value of every Kitty based on market history:
https://nonfungible.com/cryptokitties-cattributes
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PRICE EVOLUTION PER CATTRIBUTE
Base colour Accent colour Highlight colour Pattern Fur Eye colour Eye shape Mouth
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PRICE EVOLUTION PER CATTRIBUTE
Base colour Accent colour Highlight colour Pattern Fur Eye colour Eye shape Mouth
barkbrown chocolate coffee egyptiankoh lemonade lilac royalpurple scarlet skyblue swampgreen
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PRICE EVOLUTION PER CATTRIBUTE
Base colour Accent colour Highlight colour Pattern Fur Eye colour Eye shape Mouth
# OF TX PER PATTERN
amur calicool leopard luckystripe rascal rorschach spangled spock tiger totesbasic
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PRICE EVOLUTION PER CATTRIBUTE
Base colour Accent colour Highlight colour Pattern Fur Eye colour Eye shape Mouth
# OF TX PER FUR
120
• Balinese 1 616
• Birman 107 294
110
Bobtail: Sphynx:
• Bobtail 83 098
• Burmilla 807
$116.64 $116.02
• Chantilly 16 950 100
• Chartreux 31 965
• Cymric 141 189 New trait:
90
• Fox 3 581 Birman
• Highlander 12 137
• Himalayan 166 035 80
• Koladiviya 77 254 New trait:
• Kurilian 2 103 70 Koladiviya
• Laperm 72 459
• Liger 505
• Lykoi 2 213
60
• Lynx 9 290 New trait:
• Mainecoon 10 163 50 Bobtail
• Manul 9 804
• Manx 11 103
40
• Mekong 2 827
• Munchkin 188 814
• Norwegianf 26 952 30
• Persian 18 827
• Pixiebob 51 336 20
• Ragamuffin 155 811
• Ragdoll 198 923
10
• Savannah 47 748
• Selkirk 145 290
• Siberian 15 742 0
• Sphynx 195 725 08/01/2018 08/02/2018 08/03/2018 08/04/2018 08/05/2018 08/06/2018 08/07/2018 08/08/2018 08/09/2018 08/10/2018 08/11/2018 08/12/2018
• Toyger 9 832
birman bobtail cymric himalayan koladiviya munchkin ragamuffin ragdoll selkirk sphynx
29
PRICE EVOLUTION PER CATTRIBUTE
Base colour Accent colour Highlight colour Pattern Fur Eye colour Eye shape Mouth
30
PRICE EVOLUTION PER CATTRIBUTE
Base colour Accent colour Highlight colour Pattern Fur Eye colour Eye shape Mouth
31
PRICE EVOLUTION PER CATTRIBUTE
Base colour Accent colour Highlight colour Pattern Fur Eye colour Eye shape Mouth
# OF TX PER MOUTH
• Beard 90 278
$100,00 Saycheese:
• Belch 12 263 $192.24
• Cheeky 11 268
$90,00
• Confuzzled 32 746
• Dali 36 090
• Delite 1 191 $80,00 New trait:
• Fangtastic 28 238 Wuvme
• Gerbil 82 349
• Grim 104 809 $70,00
• Grimace 8 087
• Happygokitty 279 700
• Impish 22 110 $60,00
• Majestic 1 700
• Moue 10 350
• Neckbeard 8 060 $50,00
• Pouty 314 526
• Rollercoaste 27 439
$40,00
• Ruhroh 1 497
• Samwise 2 945
• Satiated 922
$30,00
• Saycheese 185 008
• Soserious 239 124
• Starstruck 9 477 $20,00
• Struck 548
• Tongue 85 403
• Topoftheworl 4 178 $10,00
• Walrus 2 275
• Wasntme 12 247
• Whixtensions 95 305 $-
• Wuvme 101 118 08/01/2018 08/02/2018 08/03/2018 08/04/2018 08/05/2018 08/06/2018 08/07/2018 08/08/2018 08/09/2018 08/10/2018 08/11/2018 08/12/2018
• Yokel 6 142
beard gerbil grim happygokitty pouty saycheese soserious tongue whixtensions wuvme
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NFT PROJECTS TO FOLLOW
IN 2019
33
NFT PROJECTS TO FOLLOW IN 2019
At the end of 2018, we carried out an inventory of all decentralized applications minting, using, or editing non-fungible tokens, based
on ERC-721 standard (Ethereum). We have identified, qualified, or tested more than 400 different applications, games and NFT
projects. Some of these projects were just breathtaking, and others, more surprising. During this overview, we had confirmation that
the ecosystem of crypto-gaming and NFT is moving to the next level: 2019 promises to be an incredible year.
Chainbreakers Coin.Kred
This RPG fully integrated into Decentraland and will allow you These personalized badges make it possible to reflect who you
to follow a series of quests through the metaverse. Players are and to highlight your passions. If you have a little extra
will discover the virtual world in 3D via quests, battles, and imagination, you can also produce exclusive badges that may
rewards using space designated from private LAND owners. be then be sold on the marketplace!
Quest RPG Social Badges
CryptoKitties CryptoPunks
Requiring no introduction as the most popular NFT, it’s all The original non-fungible token on the Ethereum blockchain.
about collecting and breeding virtual kittens, each one as cute These assets are all about scarcity, so much so that there are
as the other. These kittens can then be used in the KittyVerse, only 10,000 unique punks in existence, ever. Those yelling that
through fighting games, racing, and other community built punk’s not dead, now, you can prove it. Another must-have in
experiences. every enthusiast’s collection.
Collectables Kitties Collectables Digital Art
CryptoRome CryptoVoxels
Make your cities prosper in ancient Rome, manage your Imagine Minecraft, the blockchain, a real economy and in
resources and expand your influence. If you liked strategy which you could navigate in Virtual Reality: here is
games, you will love CryptoRome! Note that cities or resources CryptoVoxels. This project is still under construction but
that you collect in the game can then be sold against promises very interesting prospects in the coming years.
Ethereum!
Game Strategy Build Social
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