Crypto collectibles is an industry
At DAppBoard, during our mission to understand and show how Ethereum applications are used we often see surprising things. In this article we’ll focus on crypto collectibles and one of their collecter. This article was written and based on facts that happened during the month of February.
When we published our dashboard for the CryptoAllStars collectible smart contract, we figured out that one single address (0xa2381…6d83c) made more than 120 transactions in 3 days spending a total of 40 Ether on the application and generating a net revenue of 11 Ethereum. When this happened Ethereum was valued at around 1000$.
From now on, we’ll call the person behind the address: Bob.
Some could have say Bob is the creator of the CryptoAllStars collectible and is making a lot of money by using the app when he knew that new collectibles were released. But Bob interacted with a lot of other collectible contracts based on the ERC721 non fungible token standard.
During the month of February 2018, this single address interacted with a lot of different collectibles games here sorted by number of transactions made: Crypto Celebrities (227), Crypto Countries (155), Crypto All stars (133), Ether rockets (110), Ether Dungeon (104), Ether Tulips (54), and so on..
Moreover, the same address made more than 4400 transactions since it’s creation on the last day of 2017 (85 days from our analysis) which make an average of 50 transactions per days. Considering the enormous amount of transactions made by Bob, we might be right to ask if Bob is a human or a automated bot?
It’s hard to identify who is behind an Ethereum address as a transaction can be initiated manually by a user, a group of people or automated by a program. If we check at which time this address is mostly usedby plotting the number of transactions per hour of the day, from 0 to 24 hour. We can note that an interesting pattern appears.
We can see that from 8am to 3pm GMT, the address is nearly inactive, also we have to consider that transactions on the Ethereum network are not instant and might take some time to be mined so this could generate noise. We can suppose that Bob starts his activity around 4pm GMT and ends around 6am, which could made a normal day for someone based on the US pacific time.
As the Ethereum blockchain aims to make humans and robots equal and able to interact in similar ways with applications, it appears that Bob might not be a completely automated robot but more an individual, a company or an operator helped by a bot with which contract to interact with?
We wish a happy collecting frenzy to Bob and can’t wait to share more analytics in the near future!
