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OpenSea <> Dune Web3 Analytics Bounty Program

OpenSea is the first and largest marketplace for NFTs. A core part of our vision is that open protocols like Ethereum and interoperable standards like ERC-721 and ERC-1155 will enable vibrant new economies. We're building tools that allow consumers to trade their items freely, creators to launch new digital works, and developers to build rich, integrated marketplaces for their digital items.

At OpenSea, our mission is to bring the power and potential of NFTs to more people around the world. As such, we’re interested in understanding which NFT projects brought the most new wallets into NFTs.

Category

📊

Analytics

Prizes

1

Deadline (expired)

2 months ago

Instructions from OpenSea

Bounty Description

Analyze which NFT projects brought in the most true new wallets (not alts!) into NFTs. You can look at historical data until mid-May 2022.

  1. Define a methodology for filtering out alternative wallets of existing users

  2. Identify the top 3 projects that brought the truest new wallets into NFTs, and categorize these new wallets by -

    1. Types of new wallets - Are they new to crypto? Or DeFi regulars?

      1. Wallet age - recently created or several years old?

      2. Funded by any particular exchange?

    2. Analyze subsequent behavior of these new wallets - which project brought in the newest wallets that have stayed in the space?

      1. User base: daily active, weekly, monthly active

      2. Transaction frequency

      3. Volume amount

    3. Is there any pattern in the types of projects that most successfully bring new people into the space?

      1. Category - art, music, pfp, metaverse? Or something else entirely?

      2. Price point - are all projects that bring lots of new users into the space a lower price point?

      3. Target audience - are they all women-focused projects? Ape focused projects?

      4. Any other factors or similarities you found

    4. Are there any projects similar to these three that have not brought a lot of new wallets into the space? E.g. what can we learn about what makes these projects different by comparing them to similar collections that didn’t bring in as many new people?

      1. e.g. if there is a woman oriented project that has a brought in a lot of new people, can you identify a women oriented project that is mostly existing users?

      2. Are there any differences you can see in terms of metrics - floor price, supply size, # holders, etc.?

    5. Bonus point to any other key metrics worth surfacing to the team!

Instructions

  • Submit your Dune Dashboard along with the analysis here

  • Prizes: A total prize of $5,000 USDC to be awarded to the best 2 submissions:

    • 1st: $3,000 USDC

    • 2nd: $2,000 USDC

We will review all submissions within one week following the end of the bounty program, and the prize will be paid after.

Criteria of Evaluation

We will evaluate each submission based on the following criteria:

  • Accuracy & Completeness: Data is accurate, trustworthy and the analysis complete.

  • Clarity & Readability: The visualization and data are well explained, documented and easy to read.

  • Insights & Originality: The analysis demonstrates the overall thesis and shows the originality of insights from the submitter.

  • FORKED/COPIED queries would be considered invalid and can result in a ban from the platform -- plagiarism is strictly prohibited in this contest.

Submissions (28)

Reward

Ethereum

2500 USDC

$2498.51

Reward

2500 USDC

$2498.51

Chain

Ethereum