Kaloh Profile picture
Oct 21, 2022 17 tweets 11 min read Read on X
Today I took time to bridge the gap (or at least take a step in that direction) between #ArtBlocks and #FxHash

Here is a market review, including artists that have released collections on both platforms.

1/15 👇 Image
There are over 20+ artists who released collections on both platforms.

I needed a way to shorten the list for practical reasons, so selected these 8 artists...

@stefan_contiero
@mwiederrecht
@REAS
@piterpasma
@xiiixiii
@sarah_ridgley
@ippsketch
@HeveyArt

2/15 👇 Image
This chart could be misleading as #ArtBlocks volume in 2021 was much higher than in 2022, and #FxHash volume has been trending upward this year.

Again, we are only considering selected artists and collections, not all qualified collections, for practical reasons.

3/15 👇 Image
The average floors are almost x10 higher on #ArtBlocks (selected collections)

This chart is probably the most shocking finding in the whole analysis. We are comparing collections made by the same artists but minted in different blockchains.

Why such a big difference?

4/15 👇 Image
Another shocking stat.

@piterpasma's combined #FxHash volume is close to ~$250k across six collections, while his only #ArtBlocks collection (Skulptuuer) crossed the $10M volume mark.

5/15 👇 Image
@mwiederrecht's #ArtBlocks Curated Sudfah is her flagship collection.

It has produced over $1M in total volume, and she has released 10 generative collections across both platforms.

6/15 👇 Image
@stefan_contiero's Milefogile was released as a free mint on #FxHash.

The floor is $282, much lower than any of his #ArtBlocks drops.

7/15 👇 Image
@REAS ’ collections floors are very different across both platforms.

Editions aren’t a factor, as all the collections have exactly 1k pieces.

8/15 👇 Image
Why is there such a big difference?

Possible reasons:

1. ArtBlocks launched in November 2020, while FxHash launched in November 20201. That’s a whole year of volume. Also, ArtBlocks was the first mover.

9/15 👇
2. These aren’t all the artists on both platforms. Some artists which also experienced great success on #FxHash were excluded

Nevertheless, I don’t think their inclusion would have changed the numbers radically, as their stats on #ArtBlocks are also quite impressive

10/15 👇
3. Both crypto coins suffered significant losses recently. #ETH dropped to $1.,3k from a ~4,8k peak (-114%), while #Tezos dropped even more, from ~$9 to $1.3 (-150%). This is an important factor as I calculated the total volume based on the current crypto coin’s value.

11/15 👇
4. The total number of active users on #ETH is over ~1.5M while #Tezos has ~85k users.

I understand the concept of #ETH being a premium blockchain, and collectors and investors are whiling to pay more for pieces minted in that blockchain.

12/15 👇
Despite that, I still believe such a big difference isn’t justified.

Two options come to mind, either AB is overvalued or #FxHash is undervalued.

I don’t think AB is overvalued, while I do believe many collections on #FxHash are undervalued.

Only time will tell.

13/15 👇
If you found this thread useful, don't forget to follow me @Kaloh_nft and sign up for my weekly newsletter...

kaloh.xyz

14/15 👇
As always, crowd intelligence is much more powerful than one individual brain.

Did you spot something else in the data?

Do you have your own theory on why there is such a big gap between both generative platforms?

I would love to hear your thoughts below ✌️

15/15
The math is wrong here 😅

ETH down 73% and Tezos 85%*
Thanks @calmanxx for noticing

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More from @Kaloh_nft

Dec 13, 2022
Time for the weekly recap 🧐

In case you missed it, here are 6 things worth sharing from the gen and crypto art world

1/10 🧵
We introduced the @BlindGallery_ Club last week 👁️

- Members get access to pre-sales + discount on upcoming editions
- Public sales on @fx_hash_ Dec 16
- Enter the reserves list raffle by burning a Mint Certificate/old Mint Pass on our website



2/10 👇
I shared a new market analysis about #fxhash live minting experiences 📈

- 28 different artists have created 28 collections across 6 events.
- A total of 20,343 tokens have been minted.

Learn more (for newsletter premium members) 👇
kaloh.xyz/p/market-analy…

3/10 👇
Read 10 tweets
Nov 5, 2022
Herbert W. Franke's (@HerbertWFranke) Tribute Surpasses Half a Million Dollars 🎉

In this thread I share:

1. General info & stats: artists, artwork, volume
2. All the participants and their tributes
3. My favorite tributes
4. Artwork available in the primary market

1/13 🧵
This summary took longer than expected because there are ~5k pieces made by +60 crypto artists across #tezos and #ethereum and more than 6 marketplaces

My goal isn’t to have the _exact_ stats but rather an approximation. The actual numbers could vary (always DYOR)

2/13 👇
The volume including primary and secondary is +$460k.

This doesn’t include donated artwork and represents the total volume and _NOT_ the donated amount.

Some donated 25%, 50%, or 100% of the proceeds from the primary sales, and other times from the secondary sales.

3/13 👇
Read 13 tweets

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