I crunched the data on @manifoldxyz, one of the most popular no-code tools for creating NFT contracts and NFT drop websites. Here are 4 key insights I found 👇

1/ Manifold's Claims product makes it easy to create websites for limited edition and open edition NFT drops 𝟮𝟮𝟯𝗠 NFTs have been sold using the Claims tool for a total of $𝟯𝟮𝗠

2/ Claims saw more activity in January than all the previous months combined 𝟭𝟱𝟲.𝟱𝗸 collectors spent a total of $𝟮𝟬𝗠

3/ The recent spike in usage was driven by growing excitement around open editions. Open editions are NFT sale events where buyers can purchase as many NFTs as they want within a set time period.

For example, you could have a drop where collectors can buy as many NFTs as they like for 24 hours, and then no more can be created. The biggest sale in January was an open edition by @Ness_Graphics called “M0N3Y PR1NT3R G0 BRRRRRR” which made ~$𝟮.𝟮𝗠.

4/ Manifold Gallery makes it easy for creators to set up secondary marketplaces for their work. Gallery has had $𝟳𝟬𝗠 in total sales.

Most of that volume is from a huge spike in February 2022 when Manifold Gallery had $𝟱𝟰𝗠 of sales. This was caused by the @muratpak X Julian Assange NFT drop, "Censored". The "Censored" drop raised money for Assange's legal fees

Pak's work has had a big influence on Manifold's current success. The current streak of Open Editions using "burn for reward" mechanics all follow the playbook Pak created with their Fungible Collection

Fungible Collection NFTs were burned for $ASH which was then used to purchase future Pak NFTs At the time, I predicted that the Fungible Collection would have a long-lasting effect on the NFT art metagame It's cool to see that narrative playing out now

The full version of this breakdown was in my NFT newsletter. It includes data-driven insights into why Manifold's new monetization strategy is actually pretty genius. You can sign up for the newsletter and check out the full article here 👇

Note: $ values are based on the price of ETH at the time of sale

Correction: Manifold Gallery is used to create NFT auctions, not secondary markets

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