Footprint AnalyticsAfter its Airdrop, Where Does Blur Stand in the Market?
One year ago, the volume of NFT transactions going through aggregators began to snowball, even exceeding the volume going directly through marketplace platforms at times. While aggregator usage declined from October to January, Blur.io has since exploded in popularity in 2023, even engaging in a public confrontation with OpenSea over royalties. This month, Blur overtook OpenSea in transaction volume and had a massive airdrop event.Blur Aggregator Trading Volume vs. Marketplaces Footprint Anal...
Footprint AnalyticsGrowthly Quest Tools Now Free and Open to All Web3 Projects
Author: Stella L (stella@footprint.network) Footprint Analytics is excited to announce that Growthly, our intuitive no-code viral Quest solution, is now open to all Web3 projects! For a** limited time**, we’re offering free access to Growthly’s Quest H5, SDK, and mini apps to help projects boost user acquisition and retention through engaging, gamified experiences.Why Growthly?Growthly has already demonstrated remarkable success in the Web3 space, powering projects like Ton.AI to achieve over...
Footprint AnalyticsWhat is the Element NFT marketplace and NFT aggregation?
Oct. 2022, Vincy Data Source: Footprint Analytics — Element NFT Marketplace NFT marketplace Element was launched on July 1, 2021 as a solution to the problem of fluctuating interest rates on most DeFi programs and the liquidity of the principal after user deposits. On August 15, the platform officially launched its version** **2.0, which faces a different sector than the original version. Now, the platform calls itself the first community-driven decentralized NFT aggregation marketplace. This...
Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable
Footprint AnalyticsAfter its Airdrop, Where Does Blur Stand in the Market?
One year ago, the volume of NFT transactions going through aggregators began to snowball, even exceeding the volume going directly through marketplace platforms at times. While aggregator usage declined from October to January, Blur.io has since exploded in popularity in 2023, even engaging in a public confrontation with OpenSea over royalties. This month, Blur overtook OpenSea in transaction volume and had a massive airdrop event.Blur Aggregator Trading Volume vs. Marketplaces Footprint Anal...
Footprint AnalyticsGrowthly Quest Tools Now Free and Open to All Web3 Projects
Author: Stella L (stella@footprint.network) Footprint Analytics is excited to announce that Growthly, our intuitive no-code viral Quest solution, is now open to all Web3 projects! For a** limited time**, we’re offering free access to Growthly’s Quest H5, SDK, and mini apps to help projects boost user acquisition and retention through engaging, gamified experiences.Why Growthly?Growthly has already demonstrated remarkable success in the Web3 space, powering projects like Ton.AI to achieve over...
Footprint AnalyticsWhat is the Element NFT marketplace and NFT aggregation?
Oct. 2022, Vincy Data Source: Footprint Analytics — Element NFT Marketplace NFT marketplace Element was launched on July 1, 2021 as a solution to the problem of fluctuating interest rates on most DeFi programs and the liquidity of the principal after user deposits. On August 15, the platform officially launched its version** **2.0, which faces a different sector than the original version. Now, the platform calls itself the first community-driven decentralized NFT aggregation marketplace. This...
Footprint Analytics is a comprehensive blockchain data analytics platform that simplifies analysis and community management for sustainable
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See this before you decide which Meme coin to go all in on
Feb. 2022, Grace
Data Source: Footprint Analytics Meme Token Dashboard
In the fast-moving world of Inus, Flokis and Tigerkings, it makes sense to return to the OG memcoin that started it all.
With hundreds upon hundreds of memecoins hoping to replicate the success of the original community token of the masses, what are the core factors that allowed Dogecoin to last where others have failed?
Celebrity Endorsement
One of the main reasons Dogecoin succeeded as opposed to other memecoins is that Elon Musk has given it publicity. He sent over 50 tweets about Dogecoin between Jan. 2021 and Jan. 2022.. Every time, the price underwent a huge fluctuation. For example:
Feb. 2021. “WRITE OUT FULL TWEET HERE”. Dogecoin jumps 80%.
May. 2021. Musk says Dogecoin is a scam in an interview on Saturday Night Live. Dogecoin plunges 34%.
Jan. 2022. “WRITE OUT FULL TWEET HERE”. Dogecoin rallies more than 20%.
On Aug. 18, 2021, the Dogecoin Foundation was Re-established after the departure of co-founders in 2014, with Musk and Vitalik Buterin elected as advisors to the Board of Directors.
2.Consensus Value
Consensus value refers to people investing in their beliefs, e.g. BTC. In contrast, utility value refers to the underlying potential of use cases of a technology.
BTC has value because of consensus. It is considered as an option for investment or asset preservation. It is also recognized as a legal tender in El Salvador.
Dogecoin is not yet a legal tender, but it is accepted as a payment method. According to Cryptwerk, as of Feb.25, 222, there are 1,069 merchants and organizations already accepting DogeCoin for payments.
Although one of Dogecoin’s founders, Jackson Palmer**,** gave up on Dogecoin in 2014, it didn’t stop the token from growing.
Two random milestones:
The Dogecoin community sponsored the Jamaican bobsled team for the Sochi Winter Olympics.
In 2014**,** the community raised money to help Doctors Without Borders treat victims of Ebola by “One Day No Contact” MSF Dog Coin Game Fundraising Event
3. Meme Value
A memecoin is generally defined as a coin with no intrinsic utility, but whose value is based on a passionate community of followers. They have low values, with most available for a few cents, and huge or unlimited supplies.
There are now thousands of memecoins, but Dogecoin is notable as the one that started it all.
The coin was founded on Dec.6, 2013 by Jackson Palmer and Billy Markus. Both of them are software engineers. Created to satirize BTC, but became the second most popular cryptocurrency after BTC in terms of users.
Since then, other memecoins have also seen huge growth. Namely: Shiba Inu, Dogelon Mars, and Floki Inu.
DogeCoin has been a success, but the huge volatility influenced by celebrities means high risk. Of course, Meme tokens are easy to launch, not expensive to maintain, and have a large degree of community ownership. But that doesn’t mean you can go all in on Meme tokens.
In contrast, Meme tokens are not easily recognized and supported by celebrities with similar feelings . Meme tokens have very few usage scenarios, which is very different from the chain or DeFi protocol token.
In addition, some Meme tokens do not support smart contracts, and there are no ecosystem applications for pure Meme tokens.
So, the success of DogeCoin is just an example of probability. You can try Meme tokens as a hobby, but not for investment. At least, it’s not a good choice to all in.
This piece is contributed by the*** Footprint Analytics ***community.
See this before you decide which Meme coin to go all in on
Feb. 2022, Grace
Data Source: Footprint Analytics Meme Token Dashboard
In the fast-moving world of Inus, Flokis and Tigerkings, it makes sense to return to the OG memcoin that started it all.
With hundreds upon hundreds of memecoins hoping to replicate the success of the original community token of the masses, what are the core factors that allowed Dogecoin to last where others have failed?
Celebrity Endorsement
One of the main reasons Dogecoin succeeded as opposed to other memecoins is that Elon Musk has given it publicity. He sent over 50 tweets about Dogecoin between Jan. 2021 and Jan. 2022.. Every time, the price underwent a huge fluctuation. For example:
Feb. 2021. “WRITE OUT FULL TWEET HERE”. Dogecoin jumps 80%.
May. 2021. Musk says Dogecoin is a scam in an interview on Saturday Night Live. Dogecoin plunges 34%.
Jan. 2022. “WRITE OUT FULL TWEET HERE”. Dogecoin rallies more than 20%.
On Aug. 18, 2021, the Dogecoin Foundation was Re-established after the departure of co-founders in 2014, with Musk and Vitalik Buterin elected as advisors to the Board of Directors.
2.Consensus Value
Consensus value refers to people investing in their beliefs, e.g. BTC. In contrast, utility value refers to the underlying potential of use cases of a technology.
BTC has value because of consensus. It is considered as an option for investment or asset preservation. It is also recognized as a legal tender in El Salvador.
Dogecoin is not yet a legal tender, but it is accepted as a payment method. According to Cryptwerk, as of Feb.25, 222, there are 1,069 merchants and organizations already accepting DogeCoin for payments.
Although one of Dogecoin’s founders, Jackson Palmer**,** gave up on Dogecoin in 2014, it didn’t stop the token from growing.
Two random milestones:
The Dogecoin community sponsored the Jamaican bobsled team for the Sochi Winter Olympics.
In 2014**,** the community raised money to help Doctors Without Borders treat victims of Ebola by “One Day No Contact” MSF Dog Coin Game Fundraising Event
3. Meme Value
A memecoin is generally defined as a coin with no intrinsic utility, but whose value is based on a passionate community of followers. They have low values, with most available for a few cents, and huge or unlimited supplies.
There are now thousands of memecoins, but Dogecoin is notable as the one that started it all.
The coin was founded on Dec.6, 2013 by Jackson Palmer and Billy Markus. Both of them are software engineers. Created to satirize BTC, but became the second most popular cryptocurrency after BTC in terms of users.
Since then, other memecoins have also seen huge growth. Namely: Shiba Inu, Dogelon Mars, and Floki Inu.
DogeCoin has been a success, but the huge volatility influenced by celebrities means high risk. Of course, Meme tokens are easy to launch, not expensive to maintain, and have a large degree of community ownership. But that doesn’t mean you can go all in on Meme tokens.
In contrast, Meme tokens are not easily recognized and supported by celebrities with similar feelings . Meme tokens have very few usage scenarios, which is very different from the chain or DeFi protocol token.
In addition, some Meme tokens do not support smart contracts, and there are no ecosystem applications for pure Meme tokens.
So, the success of DogeCoin is just an example of probability. You can try Meme tokens as a hobby, but not for investment. At least, it’s not a good choice to all in.
This piece is contributed by the*** Footprint Analytics ***community.
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