Nonfungible tokens ( #nfts ) have become a significant source of revenue for various projects within the ecosystem.

However, recent data from blockchain analytics firm Nansen indicates that Ethereum NFT royalties have hit their lowest point in two years.

This decline can be attributed to multiple factors, including the drop in the floor price of Bored Ape Yacht Club (BAYC) NFTs and the controversy surrounding the launch of the Azuki Elementals collection.

In this article, we will explore the significance of NFT royalties, analyze the impact of recent events, and delve into the top-earning NFT collections.

The Importance of Ethereum NFT Royalties

NFT royalties play a crucial role in funding the ongoing development of projects in the NFT ecosystem.

These royalties serve as a financial foundation for studios, ensuring that creators are compensated for their work and allowing them to continue creating innovative content.

By earning royalties, creators are incentivized to produce high-quality NFTs, contributing to the growth and sustainability of the NFT market.

Nansen Data on Ethereum NFT Royalties

According to Nansen’s data, NFT royalties reached their peak in April 2022, with creators earning an estimated $75.7 million in a single week.

However, the recent decline in royalties is evident, indicating a shift in the market.

#YugaLabs , the creator of #BAYC stands out as the highest-earning studio, with total royalties amounting to $165.5 million across its portfolio of NFT collections.

RTFKT follows closely behind, earning $79.9 million from collections such as CloneX.

#Azuki has also made a significant impact, accumulating $58.2 million in royalties from its various collections.

Other noteworthy studios include Proof, the creator of Moonbirds, which has generated $35 million in revenues, and Doodles, which has earned $27.4 million from its diverse collections.

Pudgy Penguins, known for its adorable NFT penguins, has amassed $8.3 million in revenue.

These numbers highlight the importance of NFT royalties in sustaining the growth and development of NFT projects.

Shifts in Royalty Distribution

Until 2023, Opean Sea the leading NFT marketplace, played a significant role in distributing royalty payments to NFT projects.

However, this changed with the emergence of Blur, a rival marketplace.

#Blur implemented a policy that mandated a minimum royalty of 0.5% unless projects opted out or enforced different percentages.

This policy shift led to a more equitable distribution of royalties, empowering creators and ensuring fair compensation.

Nansen’s data also reveals that Blur and OpenSea are now on par with each other in terms of the royalties paid through their respective platforms.

Notably, Blur tends to pay more royalties during periods of high trading volume.

This trend highlights the evolving landscape of NFT marketplaces and their role in supporting creators.

Read more: https://perseuscrypto.com/nft/ethereum-nft-royalties-reach-lowest-point-in-2-years/

Analyzing Spent Output Age Bands: Unveiling Trader Behavior and Long-Term Holder Dynamics

1)- Short Intro

In the world of #Bitcoin spent outputs refer to amounts of Bitcoin that have been transferred as part of a transaction. The age of a spent output represents the time elapsed between its creation and when it was spent. By categorizing spent outputs into different age bands, we can gain insights into trader behavior and long-term holder dynamics. This report aims to analyze the trends observed in spent output age bands and their implications. $BTC

2)- Methodology

To conduct this analysis, a dataset of Bitcoin transactions and corresponding spent outputs were collected. The spent outputs were categorized into age bands based on the time elapsed between their creation and spending. Various statistical techniques and data visualization tools were utilized to uncover patterns and trends within the dataset. #crypto2023

3)- Key Findings and Analysis

I. Dominance of Short-Term Traders:

The age band representing outputs spent within 1 day to 1 week consistently exhibits the highest value among the other bands. This suggests that traders engaged in short-term trading (within a day or up to a week) contribute significantly to the spent outputs flowing into exchanges. These traders likely aim to capitalize on immediate price fluctuations and take advantage of short-term trading opportunities. #BTC

II. Reduced Activity of Long-Term Holders:

The age bands representing longer time periods, such as '1w ~ 1m', '1m ~ 3m', etc., generally display lower values. This indicates that fewer spent outputs flowing into exchanges originate from Unspent Transaction Outputs (UTXOs) created in the more distant past. Long-term holders, who tend to hold their coins for extended periods, exhibit less activity in terms of moving their coins to exchanges. This behavior aligns with the mindset of investors focused on long-term appreciation and potential benefits from holding Bitcoin. #crypto

III. Occasional Spikes in Activity:

Periodic spikes can be observed across all age bands, indicating increased activity during specific time periods. These spikes may coincide with significant market events, such as major news announcements, regulatory developments, or substantial price movements. They highlight periods of heightened trading activity and increased movement of Bitcoin to exchanges.

IV. Stability of Long-Term Holder Dynamics:

The age bands representing longer time periods, such as '2y ~ 3y', '3y ~ 5y', etc., show relatively stable values over time. This suggests that the activity of long-term holders is less influenced by short-term market fluctuations. Long-term holders tend to maintain their positions and are less likely to be swayed by short-term price volatility. This stability in their behavior reflects a commitment to the belief in Bitcoin's long-term value proposition.

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#Azuki

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Crypto Report: Beanwhale.eth's Azuki Acquisition Journey

Beanwhale.eth (@Rewkang) has emerged as a prominent figure in the world of Azuki, holding the title of the largest Azuki holder with an impressive stash of 299 Azuki . Let's delve into their recent purchasing activity and the financial implications involved.

Recent Acquisition

Approximately 20 hours ago, beanwhale.eth made a noteworthy move by investing 111.3 $ETH to acquire 9 #Azuki. Each of these tokens carried a price tag of 12.37 ETH . This transaction highlights beanwhale.eth's commitment to expanding their Azuki portfolio, despite the associated costs.

Cumulative Investments

In their pursuit of accumulating Azuki, beanwhale.eth has committed a substantial amount of capital. So far, they have spent a staggering ~4,071 ETH on approximately 296 #Azuki tokens. The average purchase price per token stands at approximately ~13.75 $ETH . This significant investment showcases beanwhale.eth's unwavering dedication and financial prowess.

Impending Loss

Unfortunately, the current floor price of Azuki sits at 9.65 $ETH . With their considerable holdings, beanwhale.eth could potentially face a significant loss. Based on calculations, it is estimated that the loss could amount to approximately ~1,200 $ETH . This impending financial setback emphasizes the volatile nature of cryptocurrency investments and the risks associated with them.

Wallet Address:- 0xff3879B8A363AeD92A6EABa8f61f1A96a9EC3c1e

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