{"id":416642,"date":"2022-03-15T17:00:00","date_gmt":"2022-03-15T14:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nansens-indexes-reveal-insightful-trends-in-the-nft-space\/"},"modified":"2022-03-15T17:00:00","modified_gmt":"2022-03-15T14:00:00","slug":"nansens-indexes-reveal-insightful-trends-in-the-nft-space","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nansens-indexes-reveal-insightful-trends-in-the-nft-space\/","title":{"rendered":"# Nansen&#8217;s indexes reveal insightful trends in the NFT space"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f3c4b113ca\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f3c4b113ca\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nansens-indexes-reveal-insightful-trends-in-the-nft-space\/#%E2%80%9D_Nansens_indexes_reveal_insightful_trends_in_the_NFT_space_%E2%80%9C\" >&#8221; Nansen&#8217;s indexes reveal insightful trends in the NFT space &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Nansens_indexes_reveal_insightful_trends_in_the_NFT_space_%E2%80%9C\"><\/span>&#8221; Nansen&#8217;s indexes reveal insightful trends in the NFT space &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>The research branch of Nansen, a popular blockchain data firm, has published a meticulous twelve-page report quantifying the performance of Ethereum-based nonfungible tokens, or NFTs, since the turn of the year, unveiling a number of compelling indications as to the economic and cultural future of the ecosystem.<\/p>\n<p>Citing the profound impact of traditional financial indexes such as the Dow Jones Industrial Average, th S&amp;P 500 and the Nasdaq Composite, the report contemplates the vast potential for comparable models focusing on NFTs, arguing that both education and adoption could be significantly enhanced through their wide-scale utilization.<\/p>\n<p>Last month, Nansen released six NFT indexes: Nansen NFT-500, Nansen Blue Chip-10, Nansen <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a>-100, Nansen Gaming-50, Nansen Art-20 and Nansen Metaverse-20, all of which, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nansen.ai\/post\/nansen-nft-indexes-a-new-way-to-invest-in-nfts\">according<\/a> to the accompanying blog <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nansen.ai\/post\/nansen-nft-indexes-a-new-way-to-invest-in-nfts\">post<\/a>, were designed to \u201craises the bar for quality financial infrastructure that supports the growing depth of the NFT industry.\u201d<\/p>\n<p>Nansen\u2019s NFT-500 index aggregates the performance of the leading 500 NFT collections on Ethereum for both ERC-721 and ERC-1155 across Ether (ETH) and USD market capitalization. These collections equate to 85.4% of the daily market volume since Jan. 1, 2022.<\/p>\n<p>Assessing the performance of the NFT-500 index across the period Jan. 1, 2022, to March 9, 2022, it is revealed that the price of assets increased by 68.5% when denominated in ETH, and gained 20.9% when measured in USD.<\/p>\n<p>In contrast, the performance of the ETH index of the last 30-days \u2014 as illustrated in the line graph below \u2014 stands in stark contrast, recording -28.8% and -38.5% in ETH and USD, respectively.<\/p>\n<p>Upon our request for specific clarification as to the calculation method for the numerical figure seen on the y-axis, a research analyst at Nansen, Louisa Choe stated that \u201cthe index level is the value of an investment relative to its value at one fixed point in time. The index started at 1,000 on 1\/1\/2022.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/23a8e4a9-9633-4d34-9eb9-b9e1ef71a54d.PNG\"><figcaption style=\"text-align: center;\">Source: Nansen. NFT-500 Line Chart<\/figcaption><\/figure>\n<p>Cointelegraph conversed with Choe to ascertain a deeper understanding into how Nansen anticipates the impending influx of quantitative data sources, such as NFT indexes, positively influencing the industry.<\/p>\n<p>Choe stated that \u201cwe believe that reliable data (both on a broad market level, like through the index, and micro-level on a wallet basis) can help market participants to better navigate this space,\u201d before sharing their intended purpose for the service.<\/p>\n<blockquote><p>\u201cA key motivation behind the index was to enable users to separate the hype from reality, or to enhance their due diligence process.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: Blockchain analytics firm Nansen secures $12M in Andreessen Horowitz-led raise<\/em><\/strong><\/p>\n<p>In addition to providing NFT analytic dashboards and trend metrics for both retail and institutional investors across multiple timeframes, Nansen is also well-regarded for its decentralized finance (DeFi) services. In November 2021, the platform integrated data from Solana\u00a0(SOL), Arbitrum, Fantom (FTM) and Avalanche (AVAX), among others.\u00a0<\/p>\n<p>In June 2021, the company raised $75 million in a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> B round led by early-growth venture capital firm Accel, alongside further participation from the likes of Andreessen Horowitz (a16z) and Tiger Global, among others, and succeeding their $12 million Series A just six months prior.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/nansen-s-indexes-reveal-insightful-trends-in-the-nft-space\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Nansen&#8217;s indexes reveal insightful trends in the NFT space &#8220; The research branch of Nansen, a popular blockchain data firm, has published a meticulous twelve-page report quantifying the performance of Ethereum-based nonfungible tokens, or NFTs, since the turn of the year, unveiling a number of compelling indications as to the economic and cultural future&#8230;<\/p>\n","protected":false},"author":1,"featured_media":416643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNDVhZWU1YmItYzFiNC00NThjLWIwNzgtYTRiNWY4YTcwOTQ1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74868,95118,74889,61514,4965],"class_list":["post-416642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-defi","tag-nft","tag-payments","tag-research","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/416642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=416642"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/416642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/416643"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=416642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=416642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=416642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}