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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NFT marketplaces

Manifold.xyz

# Manifold.xyz Token incentives Methodology

## 1. Overview

The Manifold XYZ token incentives metric measures the USD value of tokens distributed as incentives to users of the platform. This metric is consistently set to zero, indicating that Manifold XYZ does not operate token incentive programs. The calculation maintains the same dimensional structure (timestamp, chain, product) as other metrics but assigns zero values across all time periods and chains.

## 2. Data sources

The metric uses the following data sources for structural reference only:
- **Blockchain events**: Parsed Ethereum and Optimism smart contract events from Manifold XYZ marketplace contracts, including `PurchaseEvent`, `BidEvent`, and `CreateListing` events
- **Transaction data**: Ethereum native ETH transfer logs and Optimism transaction records
- **External data**: End-of-day token price feeds and token metadata for decimal handling

Note: While these data sources are referenced through the dependency chain, they are not used in the actual token incentives calculation since all values are set to zero.

## 3. Step-by-step calculation

### Component A: Schema structure derivation
- **Purpose**: Establishes the dimensional framework (timestamps, chains, products) for the token incentives metric
- **Logic**: References the fees metric structure, which is derived from trading volume data across Manifold XYZ's NFT marketplace and Claims system. This ensures consistent dimensionality across all Manifold XYZ metrics
- **Key fields**: `timestamp`, `timestamp_grain`, `product_id`, `chain_id` are inherited from the fees model structure

### Component B: Token incentives assignment  
- **Purpose**: Sets the actual token incentives values for all records
- **Logic**: Explicitly assigns zero to the `token_incentives` field for every record, regardless of time period, chain, or trading activity levels
- **Key fields**: `token_incentives` is set to 0 for all records

### Final aggregation
- **Combining components**: The zero values are applied to the complete dimensional structure derived from the fees model
- **Currency conversion**: Not applicable since all values are zero
- **Time aggregation**: Daily time boundaries are maintained consistent with other Manifold XYZ metrics
- **Final calculation**: Token incentives = 0 for all time periods, chains, and products. The `finalize_metric_token_incentives` macro applies standard validation, gap-filling with zeros, and chain availability filtering to ensure data quality and completeness.

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

Value of native tokens distributed as incentives.

Manifold.xyz

Token incentives

Token incentives

Competitive landscape

Chain breakdown