Animoca Brands’ NFT series completes casting with low sell-through rate
On March 9, according to the data disclosed by Animoca Digital Research, the digital asset research team of Animoca Brands, the NFT series of Animoca Brands has
On March 9, according to the data disclosed by Animoca Digital Research, the digital asset research team of Animoca Brands, the NFT series of Animoca Brands has completed casting, and the total supply of 8888 NFTs has been released. Since the casting, the proportion of never sold accounts for 84.32%, and the proportion of sold accounts for 3.21%. Among them, 1419 NFTs have been sold for profit and 196 NFTs have been sold at a loss.
The casting of NFT series Mocaverse under Animoca Brands has been completed
Analysis based on this information:
The message reveals that Animoca Brands, a digital assets and gaming company, has completed casting for its NFT series as per the data disclosed by the company’s research wing, Animoca Digital Research. The series had a total supply of 8888 NFTs, out of which only 3.21% of NFTs were sold, resulting in a sell-through rate of 15.68%. The remaining 84.32% of NFTs were unsold.
The low sell-through rate indicates a lack of demand for Animoca Brands’ NFT series, despite being limited in number. The NFTs that were sold, 1419 out of 8888, made a profit while a mere 196 were sold at a loss. This suggests that the buyers saw some inherent value in the NFTs that they purchased, or they were bought in anticipation of rising prices.
Animoca Brands is a leading player in the field of blockchain gaming and NFT marketplaces. Its NFT series attracted attention in the market as it was created in collaboration with top-tier companies, including Formula 1 and MotoGP. However, the results have not met the company’s expectations as sales have fallen short of projections.
The low sell-through rate raises various questions about the current state of the NFT market. While NFTs have seen tremendous growth in recent years, their adoption is still limited to a niche audience. The market for NFTs is evolving rapidly, and Animoca Brands’ NFT series may be an outlier in a rapidly growing industry.
In conclusion, the completion of casting for Animoca Brands’ NFT series with a low sell-through rate signals a cautionary tale for the market. Despite having collaborations with top-tier companies, Animoca Brands failed to generate significant demand for its NFT series. Animoca Brands has been instrumental in shaping the NFT industry, but the company must rethink its NFT strategy in the wake of the lackluster results to generate more demand for its NFT offerings.
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