GM
Welcome to 2022’s first issue of Dune Digest and a happy New Year to you all 🎉
We’re refreshed from a short break and ready to get started again, and exciting things are happening already.
The NFT market is showing a lot of strength for starters, so we’re going to take a look at the data and some very interesting projects - let’s dive in…..
OpenSea Starts 2022 With a Bang
Following the NFT boom of the summer, there was talk of a slowdown in the market in Q4 and heading into 2022.
This has failed to materialize, in fact it’s quite the opposite. We can observe this with one of our most popular dashboards by @rchen8.
December was a great month for OpenSea - with volume coming very close to August’s all time high:
January is looking like it may well eclipse that - with daily volume surging through the first week of 2022:
Another encouraging stat is monthly active traders on Ethereum - which hit an all time high in December at 362,679.
Even more bullish, active traders for January have almost hit half of that already (176,973), and we’re only one week in!
Opensea has had a great month on Polygon too. December was a record month for NFTs sold (1,998,459) and monthly volume ($76,139,567):
And though volume and sales surged in December, there was no noticeable increase in active users on Polygon.
2022 is looking great so far for OpenSea, and the NFT market in general. It’ll be interesting to follow this dash to see how the trend holds and develops! To dive deeper, check it out.
LinksDAO - Web3 Meets Golf
Following in the wake of last month’s Constitution DAO, LinksDAO is another project that seeks to use the magic of crypto to acquire real world property. In this case - a golf course!
The stated mission is to create:
“One of the world’s greatest golf clubs….. and more widely democratize the country club membership experience”.
Last Saturday, they launched a collection of 9,090 NFTs, each representing either a “leisure” or a “global” membership which each confer different rights and privileges.
All sold out pretty fast, but there has been some interesting action on the secondary market which we can take a look at through this great dashboard that the community put together.
Secondary membership sales kicked off last Saturday breaking 100 ETH in day-one trading volume, and really boomed on Monday with 548 changing hands in total:
Unique wallets shot up over launch weekend and have steadily risen since to 5009. Secondary sales are also looking healthy 6 days in, check out the Leisure/Global split:
The average price of a Global membership currently sits a whisker away from 1 ETH, while a leisure membership will set you back 0.029 ETH.
Both will give you the right to purchase a physical membership to the club and to claim future $LINKS governance tokens. The Global membership gives you more of each, along with invites to future in-person events.
Floor price for both Global and Leisure has been climbing steadily throughout the week with a little turbulence:
LinksDAO takes a 7.5% royalty for each sale - which so far has netted the treasury 106.82 ETH.
The DAO will also “retain 10% of the supply of each Membership type” for marketing, growth and strategic purposes.
If you check out their roadmap, the plan is to acquire and open a course by late 2022, and acquire more courses after that.
Ambitious and interesting, if this works it could serve as a great model for the acquisition and ownership of any physical space or facility. Check out the full dashboard for more.
Are Music NFTs Finally a Thing?
Something we haven’t come across so far in Dune Digest is music NFTs, so we were excited to see a dashboard on Sound Music NFTs released this week by @0xnative.
Web3 startup sound.xyz raised a $5m seed round lead by a16z last month, and aims to:
“build a suite of economic tools to help artists monetize their songs in new ways”
The launch was a success, and daily Opensea volume has been rising nicely since, hitting an ATH today at more than 50 ETH:
Onboarded artists are launching “listening parties” for the new tracks they put out, debuting new music as NFTs of the song, with each unique token allowing holders to showcase early support.
Tokens also allow holders to make public comments on the track and access a Discord community to hang out with each other and the artists.
With a total supply of 600 NFTs held by 457 unique collectors, secondary sales have been steady since launch:
This is still a young project, and the dashboard is still a work in progress according to @0xnative. But the idea of music NFTs is exciting, and could solve a lot of tricky problems faced by the industry!
Check out the dashboard for more.
Giveth DAOizes with GIVeconomy
Giveth is a community seeking to “build the future of giving using blockchain technology”.
It is essentially a peer-to-peer donations platform that allows users to both set up their own projects and donate to others on Ethereum and xDai.
On December 24th Giveth officially launched as a DAO, GIVeconomy, and airdropped $GIV tokens to the community.
@metacrypto made a nice dashboard tracking things, let’s take a look.
17.05 Million $GIV was airdropped in total, to 4,430 eligible addresses. Just 27% actually claimed, totaling 7,780,886 $GIV.
Alongside the airdrop they also launched GIVfarm.
35 Million $GIV are allocated to reward programs for the first 6 months with a further 65 Million allocated for the future.
Here’s an example of one of the pools on xDAI with almost 4 Million $GIV staked:
There are several other pools on both xDAI and Ethereum - this dashboard covers them all extensively. Check it out for more!
Illiquid DAO
Illiquid DAO is offering users the chance to “fund future NFTs” by sending their “illiquid jpegs” to their contract in exchange for $JPEG tokens.
Let’s see what has been happening with a dashboard put out by @shloked earlier this week.
Things really took off this week, with 65,111 NFTs being deposited by 4,581 depositors.
The average deposit was 14.67 NFTs, and the median 4. The largest deposit was a whopping 3,258!
The $JPEG token is not live yet - and the team still seem to be figuring out the best distribution strategy for the drop. It seems like an action packed first week though!
Check out the dashboard for the full scoop.
More Dashboards
GN
Thanks for reading, and Happy New Year once again from all of us here at Dune - we’re excited for 2022 and wish you all the best!
See you next week for more data, dashboards and wizardry 🧙♂️