Market: Page or section of `market` that shows all market activity (NFTs + CRTs)

[mochet]

Problem

The market section of Atlas, for both creator tokens and NFTs lacks any form of "activity page" or "activity feed"--this type of page is a highly common design feature on many other marketplaces within the web3 space and has roots in pre-web3 marketplaces like video games (https://steamcommunity.com/market/)

This is a problem for Joystream because without seeing a constant stream/firehose of current and historical activity that can be easily be manipulated/categorized via some basic filters it is hard for participants to gauge the nature of activity on the platform and this can lead to people being hesitant to actively participate in the Joystream marketplace--and if it is hard then most users will simply not bother to engage any futher. While the nature of participation in the Joystream marketplace is predominantly economic, it is also a social activity due to the nature of the content available.

While many of the advantages of things like CRTs are explained in documentation that we provide--these do not tell "success stories" nor "failure stories" because these stories form organically over time and are best driven by real, organic behavior. People are generally driven to try and either mirror "success stories" or in the case they do not exist, try to create their own.

It is very apparent that users are more excited by real stories and real live trends that can be told and can become a tangible product, area of interest or selling point in their own right via things like activity feeds. Without them there is little for participants to share or follow.

The lack of visibility into activity causes quite a few problems and can limit exploration by new and even seasoned participants, in ways such as:

• Users being unable to recognize and therefore being unable to participate in economic trends
  • how much are other people spending? is that amount high or low to spend on a creator token or NFT?
  • which users are spending the most? which creators are receiving the most? who holds the most CRTs? who owns the most NFTs? what are the value of their holdings?
  • how many buy/sell operations took place in the last 6 hours? is the marketplace highly active? do I want to engage in this marketplace?
• Users being unable to recognize and therefore being unable to participate in social trends
  • what do the popular creator tokens look like? are there any similarities with which ones are popular? do I identify or not identify with the popular or unpopular ones?
  • are memecoin CRTs currently popular? which ones are getting a lot of market activity?
  • why are "some type" of CRT or NFT currently so popular and received so many transactions in the past hour? I keep seeing a specific type of avatar or maybe one specific user's avatar--I should explore this more to understand what this excitement is about
  • I noticed in the activity feed that one specific person was doing a lot of transactions, I really like the type of NFTs/CRTs that this user is buying--I would like to see a view which exclusively shows their participation because I might like to participate similarly or differently? Are there any specific content creators they have historically or recently transacted a lot with?
• Users being unable to more directly recognize the benefits of owning things like creator tokens
  • Wow, I just noticed that user_23 received 5,000 $JOY as part of a revenue split from channel_86--by clicking this transaction I can now see that they received this because they bought 263 $CRT--I really want to get in on this!
• Users being unable to laugh at edge cases
  • "haha, this user just lost x because they did y, I should take a screenshot of this and post it on twitter!"
  • "wow, this guy spent some unbelievable amount on an NFT 20 minutes ago, this is ridiculous"
• Users being unable to ascertain the "organic" nature of the marketplace
  • does the activity look organic?
  • are the accounts that are transacting a lot look like bots?

The screenshot below shows a comparable page on Opensea (https://opensea.io/activity):

Scrolling through this twitter search for "opensea activity" shows how many people screenshot and share videos/insight onto marketplace activity feeds on a regular basis: https://twitter.com/search?q=opensea%20activity&src=typeahead_click

Solution

Either a dedicated page as part of the market section or a design element within the market page that shows all relevant economic activity for NFTs. This page should be very public so that users follow it.

Figma link

No response

How urgent this is?

It's blocking me right now

[WRadoslaw]

@bedeho cc

[bedeho]

This looks useful, for sure, but how to increase use of the NFT marketplace is complex question, where primary issues may have nothing to do with creating visibility of activity for buyers, so we can't really do much on this right now, but worth keeping in mind for when NFTs are revisted.

[bedeho]

I don't actually think I understand what the problem is here exactly, the problem is stated as a lack of a feature, that is not a problem @mochet

[mochet]

I don't actually think I understand what the problem is here exactly, the problem is stated as a lack of a feature, that is not a problem @mochet

Let me rewrite it with the problem as more of the focus (will add this to the OP too)

Problem

The market section of Atlas, for both creator tokens and NFTs lacks any form of "activity page" or "activity feed"--this type of page is a highly common design feature on many other marketplaces within the web3 space and has roots in pre-web3 marketplaces like video games (https://steamcommunity.com/market/)

This is a problem for Joystream because without seeing a constant stream/firehose of current and historical activity that can be easily be manipulated/categorized via some basic filters it is hard for participants to gauge the nature of activity on the platform and this can lead to people being hesitant to actively participate in the Joystream marketplace--and if it is hard then most users will simply not bother to engage any futher. While the nature of participation in the Joystream marketplace is predominantly economic, it is also a social activity due to the nature of the content available.

While many of the advantages of things like CRTs are explained in documentation that we provide--these do not tell "success stories" nor "failure stories" because these stories form organically over time and are best driven by real, organic behavior. People are generally driven to try and either mirror "success stories" or in the case they do not exist, try to create their own.

It is very apparent that users are more excited by real stories and real live trends that can be told and can become a tangible product, area of interest or selling point in their own right via things like activity feeds. Without them there is little for participants to share or follow.

The lack of visibility into activity causes quite a few problems and can limit exploration by new and even seasoned participants, in ways such as:

• Users being unable to recognize and therefore being unable to participate in economic trends
  • how much are other people spending? is that amount high or low to spend on a creator token or NFT?
  • which users are spending the most? which creators are receiving the most? who holds the most CRTs? who owns the most NFTs? what are the value of their holdings?
  • how many buy/sell operations took place in the last 6 hours? is the marketplace highly active? do I want to engage in this marketplace?
• Users being unable to recognize and therefore being unable to participate in social trends
  • what do the popular creator tokens look like? are there any similarities with which ones are popular? do I identify or not identify with the popular or unpopular ones?
  • are memecoin CRTs currently popular? which ones are getting a lot of market activity?
  • why are "some type" of CRT or NFT currently so popular and received so many transactions in the past hour? I keep seeing a specific type of avatar or maybe one specific user's avatar--I should explore this more to understand what this excitement is about
  • I noticed in the activity feed that one specific person was doing a lot of transactions, I really like the type of NFTs/CRTs that this user is buying--I would like to see a view which exclusively shows their participation because I might like to participate similarly or differently? Are there any specific content creators they have historically or recently transacted a lot with?
• Users being unable to more directly recognize the benefits of owning things like creator tokens
  • Wow, I just noticed that user_23 received 5,000 $JOY as part of a revenue split from channel_86--by clicking this transaction I can now see that they received this because they bought 263 $CRT--I really want to get in on this!
• Users being unable to laugh at edge cases
  • "haha, this user just lost x because they did y, I should take a screenshot of this and post it on twitter!"
  • "wow, this guy spent some unbelievable amount on an NFT 20 minutes ago, this is ridiculous"
• Users being unable to ascertain the "organic" nature of the marketplace
  • does the activity look organic?
  • are the accounts that are transacting a lot look like bots?

[bedeho]

I apprectiae the effort, but you just restated the absence of the feature as the problem as far as I can see.

I see no reason to believe that a user is currently thinking: "how much are other people spending". While not entirely impossible, as a first order issue I would not buy this is a real question confronting anyoneone. Even if it was, you ahve to ask why are they even asking this question, what is the fundamental thing they are trying to achieve where this question is some intermediary step.

Also, you cannot list 30 different users problems together as one problem in one issue, this ends up just being an ex-ante raitonalization of a feature.