This section looks at a series of features pertaining to a collection's mint performance.
To allow for users to keep up-to-date with the latest mint data, the key metrics featured within the Mint dashboard are updated real-time and includes the following:
Under this section, users will be able to monitor the total number of mints that have taken place for the collection. To further aid users in understanding the true demand for the collection, a 'Suspicious Mints' feature has been built. This feature also displays the percentage of mints that are likely to be suspicious and does not contribute to the true demand.
On top of the number of unique minters for the collection, this feature also indicates the number of blue chip holders and whale minters. In the case where the total NFT items in the collection is with a similar range, a larger number of unique minters is often good as it indicates that a larger proportion of the market is interested in the collection. In comparison to a lower number of unique minters, which could mean that a few minters are holding onto a large number of NFTs, this will be detrimental should these holders decide to sell their NFTs, causing the floor price to tank.
The average mint price takes into account all mint price. The mint price represents the initial cost to the holder and also shows the total revenue generated by the project through Mint. Mint price is generally influenced by a number of factors including the general market sentiment, investor enthusiasm for this project and the pricing strategy of the project owner. In addition, a project often set different mint prices for different qualified minters.
This metric shows how long it took for the mint to end. If mint process has only one stage, a shorter duration sometimes indicates that the market has had its eyes on the collection, and is very keen on minting it. Examples of which are Azuki and Doodles, both of which sold out within seconds. A longer mint duration sometimes indicate that the level of interest in the collection is slightly lower, and the market is apprehensive about buying into the collection, as they are worried that it might not perform well. However, a long mint duration does not necessarily mean that the project is bad, because the mint process may be divided into multiple stages, or it is a good project which has not been discovered by investors in the mint stage, such as BAYC.
A visual representation of the Total Mints and Unique Minters over time (from first mint to last mint), serving as an indication of the market's interest for the collection.
Under this portion, NFTs are split into 2 categories: (1) NFT that has undergone no sales (2) NFT that has undergone at least 1 sale. This allows users to analyze the trading activity that occurs for each collection.
This chart depicts the distribution of holding period of each NFT before first sale. Collections that have a large percentage of NFTs that have a long period before its first sale can be reflective of the strength of the community. The holders are confident in the collection and are willing to hold on to the NFT instead of taking profit immediately.
Mint Activity feed contains the detailed activities of the collection during the mint process. Users can study the mint information of each NFT in detail through the Mint Activity feed, including mint price, minter, mint time, etc.
Furthermore, some collection creators may mint NFTs to influencers' addresses to take advantage of their impact, which could mislead users. NFTGo provides a 'Only mints by Owners' filter to enable users to filter out those 'Mint' activities which are minted to another wallet address.
The top minters include that of whales and blue chip holders. If there is a significant number of whales and blue chip holders minting into the collection, this is a bullish signal that the market can infer. With such influential holders within the collection, it is often that market interest will flow towards such collections. This can aid the floor price in rising.
Updated 8 months ago