Creators create and sell NFTs on Manifold.xyz. They receive primary sales from mints (supply-side fees).

Manifold.xyz is a non-custodial NFT minting protocol. Manifold.xyz was founded by Eric Diep, Richerd Chan, and Wilkins Chung and launched in 2021.

Team and investors own and govern the protocol. They currently take a mint fee paid by collectors (revenue).

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Manifold.xyz

# Manifold.xyz Revenue Methodology

## 1. Overview

ManifoldXYZ revenue measures the total platform fees earned by ManifoldXYZ from NFT claiming and burn redemption activities. The metric calculates daily revenue in USD from fixed ETH-denominated fees charged for two main services: NFT claims (lazy payable claims) and burn redemptions. This represents the core revenue stream for ManifoldXYZ's NFT infrastructure services.

## 2. Data sources

The calculation uses the following blockchain and external data sources:

- **Ethereum contract events**: Parsed `ClaimMint`, `ClaimMintBatch` events from ManifoldXYZ ERC721 and ERC1155LazyPayableClaim contracts across versions v3, v4, and v5
- **Ethereum contract function calls**: Parsed `initializeClaim` function calls from ManifoldXYZ claim contracts to determine allowlist status, and `burnRedeem`/`burnRedeem2` function calls from ERC721 and ERC1155BurnRedeem contracts across versions v1, v2, and v3
- **End-of-day price feeds**: Token price data for ETH to USD conversion
- **Token metadata**: Decimal precision data for proper fee amount calculations

## 3. Step-by-step calculation

### Component A: Claim fee calculation
- **Purpose**: Calculate platform fees earned from NFT claim activities
- **Logic**: Extract claim events from ManifoldXYZ lazy payable claim contracts. For each claim event, determine if it's an allowlist mint by checking the `merkleRoot` parameter from the corresponding claim initialization - if the merkleRoot equals the zero address (`0x0000000000000000000000000000000000000000000000000000000000000000`), it's a standard mint, otherwise it's an allowlist mint. Apply fixed fees of 0.0005 ETH per mint for standard claims and 0.00069 ETH per mint for allowlist claims. For batch mints, multiply the per-mint fee by the `mintCount` parameter.
- **Key fields**: `claimIndex` or `instanceId` for linking to initialization data, `mintCount` for batch operations, `merkleRoot` for allowlist classification, `block_timestamp` for daily aggregation

### Component B: Redemption fee calculation  
- **Purpose**: Calculate platform fees earned from burn redemption activities
- **Logic**: Extract burn redemption function calls from ManifoldXYZ burn redeem contracts. Parse the `burnRedeemCount` parameter to determine the number of redemption actions and analyze the `burnTokens` array structure to count unique items being redeemed. Apply fixed fees of 0.00069 ETH per redemption for standard (single-item) redemptions and 0.00099 ETH per redemption for bulk redemptions (multiple items). The total fee equals the per-redemption fee multiplied by the redemption count.
- **Key fields**: `burnRedeemCount` for action quantity, `burnTokens` array for item count classification, `block_timestamp` for daily aggregation

### Component C: Daily revenue aggregation
- **Purpose**: Combine all fee sources and aggregate by day
- **Logic**: Union claim fees and redemption fees into a single dataset, truncate timestamps to daily boundaries, and group by date, chain, market sector, business segment, and token address. Sum all revenue amounts within each group. Classify all revenue under the NFT marketplace business line with market sector as `nfts` and business segment as `marketplace`.
- **Key fields**: Daily `timestamp`, `chain` identifier, `token_address` (WETH), `revenue` as the summed fee amount

### Final aggregation
- **Combining components**: All fees are denominated in ETH (specifically WETH address `0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2`) and summed together at the daily level
- **Currency conversion**: Convert ETH-denominated fees to USD using end-of-day price feeds with proper decimal correction
- **Time aggregation**: Revenue is aggregated to daily boundaries using timestamp truncation to day level
- **Final calculation**: The final metric value represents the total USD value of platform fees earned by ManifoldXYZ each day from claim and redemption activities, formatted according to standard metric specifications with zero-filling for missing data points

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

Manifold.xyz

Revenue

Revenue

Competitive landscape

Chain breakdown