Press Release
March 7, 2022

CNFT Awards by the Numbers

And the Winner Is…

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It took an incredible community effort to engage and involve the rapidly expanding Cardano NFT user base for the first-ever CNFT Awards show, but we did it!

Here’s how:

It all started with a rather simple message from project manager Shawn Böhm and founder Patrick Tobler in early 2022. Shawn shared a vision and logistics with Wolfram Blockchain Labs (or WBL, as we fondly call ourselves) about all of the moving parts, collaborations, sponsorships, and details to bring the Cardano community an awards show worthy of celebrating Cardano NFTs (CNFTs).

WBL assembled a team that strongly believes that NFTs have the power to bring communities together—and discussed the opportunity. There was little debate within the WBL team, which had already launched a number of CNFTs. These included a unique set from founder Stephen Wolfram (video), a commemorative “Cardano Laser Eyes” NFT from last year's Cardano Summit (image), and an educational certificate NFT for the 2021 Wolfram Summer School attendees (the first of its kind). The WBL team was ready to engage in an effort to create a compelling awards show and work among a vibrant community.

Of course, with any great ambition comes great responsibility.

With the scale of vision and the condensed timeline we had to operate on, we resorted to one of our key strengths as a company: data analytics. In our experience, any community-driven voting process presents the potential for challenges regarding data accuracy. Here is a word cloud based on the frequency with which a word appears in the nomination data. What you won’t see here are all of the words with misspellings, extra characters, typos, double spaces, capitalizations, double entries and more. Essentially, all manner of errors that are typical issues endemic of crowdsourced submissions were present. This was “as expected,” but it is still a significant effort to clean them up. Each of these inaccuracies creates a unique entry that misinforms the overall dataset. So our first step was to clean and restructure the data so that it could be used in further analysis—because of course, we wanted to pick winners!

There were about 110 submissions per day on average for the two-week period. Each submission included multiple nominations in each of the nine categories. A nominee was supposed to limit themselves to three categories, but that didn’t happen and is something we would likely encourage changing next year.

Interestingly, you can see actual submissions occurred mostly at the beginning and end of the nomination process. Tweets from the official @theCNFTawards account, as you might expect, encouraged and reminded participants to complete the process. Perhaps you could have guessed the general structure of submissions here; excitement at the beginning, procrastination at the end.

Some additional numbers:

  • 1,751 submissions from January 12–27
  • Resulting in 5,674 nominations
  • Average of 110 submissions per day
  • One-day max: 379
  • One-day min: 17
  • 378 unique policy IDs submitted

Given the setup of the CNFT Awards, the complications were mostly around processing the nominations from the community. Once this was solved, the next step was determining the top five nominees from each category.

This next step was for processing the nominations from the community into a format that would be useful for the nine presenters. This included looking at social links of projects, blockchain data, and any other information that could inform a more qualitative process. Our experience using the Wolfram Language (video) made this process much easier and gave us significant insight into how to structure submission processes for future community awards and events. The following graph shows total submissions per category.

One of the best features of the Cardano ecosystem is the community. So, choosing the winners had to be an affair that involved the community at the core.

But, how to do that?

The solution came from a two-step process using both quantitative and qualitative data. Partners from the Cardano Foundation laid out a guide for understanding each category’s mission statements. From there, presenters used the structured data provided from WBL to take more detailed looks at each specific community. This work would have been done manually without our structured dataset, which potentially saved dozens of hours per presenting team. The respective category presenter then used their own judgment criteria and selected the top five nominees from each category. The top five nominees were then presented to the Cardano community for voting in early February.

The winners!

Congratulations to the winning communities:

More numbers:

  • Total votes: 9,294
  • Most votes: Best Digital Art (2,165)
  • Least votes: 2021 CNFT of the Year (304)

Ultimately, the CNFT Awards highlight the strength of the Cardano community and the growing strength of the CNFT community, and the future looks incredibly bright for both areas. We’ll certainly see exciting developments and community events in the near future—for WBL specifically, we’ll be at SXSW at the Austin-based Capital Factory in March producing a fun NFT scavenger hunt and related demos of our blockchain technology. We will have more details on that exciting event coming soon!

In the meantime, educate your family, friends and heck, even random folks about CNFTs. We are looking forward to an even larger and more vibrant CNFT community—and we’ll see you in Berlin next year! 

Lastly, please check out these virtual spaces used for meeting rooms and community events. You can use this link, and it will be open until March 10. Come explore the winning CNFTs, dance to the music and enter the virtual world!

Don’t forget to watch the recorded award show (video).

To connect with us or get more details in our CNFT Awards analytics report, go here to Wolfram Cloud or connect with WBL to find out how to collaborate with us.

Thank you!

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