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Network Metrics

Background

One of our mental models is that NFT collections are publicly readable databases of people with similar interests. For example, we believe that, statistically, people who own The Memes NFTs might be more likely to be interested in the principles of decentralization than average.

We further believe that by seeing collector behavior on-chain, we can further delineate different profiles. In other words, someone who bought a few Meme Cards early and then just held them is likely a different psychological profile than an active buyer and seller.

We calculate and make available community wide (all of them directly from public blockchain data) and we expect to add more metrics over time. These metrics may be used from time to time by us for allowlists, by others for their own allowlists or by anyone for any purpose whatsoever.

No metric is the 'correct' metric. They are just different ways to look at the community. We expect to continue to add (but not subtract) metrics over time, in the hope that some might be useful to others.

Our current view is that we can consolidate metrics for up to 3 addresses via an on-chain delegation tool. This is something we will review in a future release of these metrics.

Note that there is no provision (or planned provision) for staking or locking NFTs. We suggest that people use their NFTs in the normal way they like and the metrics will just reflect their actual actions.

Metrics Definitions

Cards Collected: This is the total number of The Memes NFTs owned by an address

Unique Memes: The total number of unique The Meme NFTs owned by an address

Meme Sets: The total number of complete "sets" of The Memes NFTs owned by an address, either for all SZNs or a specific SZN

Meme Sets -1: The total number of complete "sets" of The Memes NFTs owned by an address, excluding 1 card

Meme Sets -2: The total number of complete "sets" of The Memes NFTs owned by an address, excluding 2 cards

Genesis Sets: The total number of complete "sets" of the first three Meme NFTs owned by an address

Purchases: Number of NFTs (Memes or Gradient) bought by an address

Purchases (ETH): Amount of ETH spent on those NFTs by an address

Sales: Number of NFTs (Memes or Gradient) sold by an address

Sales (ETH): Amount of ETH received by an address from the NFT sales

Transfers In: The number of NFTs (Memes or Gradient) transferred into an address

Transfers Out: The number of NFTs (Memes or Gradient) transferred out of an address

TDH (unweighted): "Total Days Held" - The total number of days that the NFTs (Memes or Gradients) held in an address have been held by that address. Each NFT-day counts as one. This figured is calculated daily at 00:00 Coordinated Universal Time (UTC).

TDH (unboosted): The TDH calculation above weighted by the size of the card edition, with FirstGM edition size (3,941) being weighted as 1.

So for the purposes of this calculation, SeizingJPG with an edition size of 1,000 is weighted as 3.941 (3,941/1,000), Nakamoto Freedom is weighted as 13.136 (3,941/300) and Gradients are weighted as 39.020 (3,941/101)

TDH: "TDH (unboosted)" multiplied by a fun qualitative factor based on which NFTS were collected. The boosters are as follows:

TDH 1.3 (March 29, 2024 - present)

Higher of Category A and Category B Boosters, plus Category C Boosters

Category A

  1. A complete set of all Meme Cards: 1.40x
  2. Additional complete set of Meme Cards: 1.02x (up to a maximum of 2 additional sets)

Category B

These boosts are applied to the total TDH, not just to that SZN's TDH
  1. SZN1:
    1. Complete Set: 1.05x or
    2. Genesis Set: 1.01x and
    3. Nakamoto Freedom: 1.01x
  2. SZN2: Complete Set: 1.05x
  3. SZN3: Complete Set: 1.05x
  4. SZN4: Complete Set: 1.05x
  5. SZN5: Complete Set: 1.05x
  6. SZN6: Complete Set: 1.05x
  7. SZN7: Complete Set: 1.05x
  8. SZN8: Complete Set: 1.05x

Category C

  1. Gradient: 1.02x per Gradient (up to a maximum of 3 Gradients)
TDH 1.2 (December 30, 2023 - March 28, 2024)

Higher of Category A and Category B Boosters, plus Category C Boosters

Category A

  1. A complete set of all Meme Cards: 1.25x
  2. Additional complete set of Meme Cards: 1.02x (up to a maximum of 2 additional sets)

Category B

These boosts are applied to the total TDH, not just to that SZN's TDH
  1. SZN1:
    1. Complete Set: 1.05x or
    2. Genesis Set: 1.01x and
    3. Nakamoto Freedom: 1.01x
  2. SZN2: Complete Set: 1.05x
  3. SZN3: Complete Set: 1.05x
  4. SZN4: Complete Set: 1.05x
  5. SZN5: Complete Set: 1.05x

Category C

  1. Gradient: 1.02x per Gradient (up to a maximum of 3 Gradients)
  2. Identity: Boosts can be earned for both a) and b) below:
    1. 1.03x on any address that is part of an active Seize profile
    2. 1.01x for having an ENS domain/subdomain active on all addresses in a consolidation
TDH 1.1 (July 14, 2023 - December 29, 2023)

Higher of Category A and Category B Boosters, plus Category C Boosters

Category A

  1. A complete set of all Meme Cards: 1.20x
  2. Additional complete set of Meme Cards: 1.02x (up to a maximum of 2 additional sets)

Category B

  1. SZN1:
    1. Complete Set: 1.05x or
    2. Genesis Set: 1.01x and
    3. Nakamoto Freedom: 1.01x
  2. SZN2: Complete Set: 1.05x
  3. SZN3: Complete Set: 1.05x
  4. SZN4: Complete Set: 1.05x

Category C

  1. Gradient: 1.02x per Gradient (up to a maximum of 3 Gradients)
  2. 1.02x for having an ENS domain/subdomain active on all addresses in a consolidation. The purpose of this boost is to improve legibility of the collector profiles. The ENS domain can be anonymous or pseudo.


TDH 1.0 (January 30, 2023 - July 13, 2023)

(1)
A complete set of Meme Cards1.20x
+ 0.02x for each additional Meme Card set
and
+ 0.02x for each Gradient
with a max of 1.30x
or
(2)
A complete set of Meme Cards - 11.05x
A complete set of Meme Cards - 21.04x
A complete set of Meme Cards - 31.03x
A complete set of Meme Cards - 41.02x
A complete set of Meme Cards - 51.01x
A complete set of genesis cards (cards 1 to 3)1.02x
or
(3)
A complete set of genesis cards (cards 1 to 3):1.02x

Each address uses the highest value that it is eligible for from #1, #2 or #3