Earlier this month, Flipside Crypto unveiled our Art Blocks data and bounties. Now, it’s time to see what our community of expert analysts came up with.
This time, we’re taking a closer look at two projects on Art Blocks and how they compare: Alien Clocks and Ecumenopolis. To do so, we’ll be getting some help from analysts @Brian_Terra and @lostindefi
Let’s dive in.
Alien Clocks: Out-of-this-world and undervalued 👽⏰
First up is a look At Alien Clocks, the Art Blocks playground release by Shvembldr. As @Brian_Terra notes in this submission, the first Alien Clocks sold fast, with all pieces selling out within 1 minute and 46 seconds for a total of 34.1 ETH.
So how did they do after-market on Opensea? There were a total of 511 completed sales of 298 different pieces, totaling ~1954 ETH or $5,421,811 (at the time of purchase). But despite these lofty figures, @Brian_Terra argues these pieces are still undervalued — and with good reason.
As we can see above, the price of Alien Clocks has been fairly volatile, but with a constant upward direction. Combine that with the upward trajectory of OpenSea sales in general (seen below), and @Brian_Terra believes that Alien Clocks “is an example of an extremely underrated Playground sale on Art Blocks.”
The Ecumenopolis Project bubble 📈📉
Next up is a look at Ecumenopolis Project, authored by Joshua Bagley, in a submission from @lostindefi. The submission starts with a look at the rarity of various NFTs using @lostindefi’s rarity score.
As we can see above, it seems that “were designed so that each trait has one exceptionally rare value, except for the Scale and Vertigo traits.” However, as @lostindefi notes, this was taken “to the extreme for values of the Lean and Complication traits.”
Unsurprisingly, the rarity of these pieces has a major effect on their price, with the rarity score effectively representing the price of a given NFT.
What has all this meant to the sales of various Ecumenopolis pieces? As we can see below, prices were on the rise until late August. Then they quickly began to decrease, indicating a bubble that burst on or around August 29.
However, as @lostindefi points out, “this does not mean that it only goes downhill from here. The value of the collection can experience a similar bull run if the attention of the community shifts once again to Art-Blocks or the hype around LOOT settles down after a while.”
Do more with Art Blocks data 🔍
That does it for now — we’ll have more Art Blocks data to share later this week! Thanks to everyone who submitted such great Art Blocks data dashboards.
Want to get more involved with the Flipside community and see your own submissions on our blog? Join us on Discord to get started.