Study: Don’t expect to get rich with NFTs

Three-quarters of NFT transactions are around US$15, according to a recent European study. — AFP Relaxnews

If we had to sum up 2021 in one acronym, it would undoubtedly be NFT. Non-fungible tokens have entered our vocabulary, but how they work and the benefits they bring are still unclear. European researchers have looked into this booming market and discovered that it ultimately rewards few creators.

In the NFT market, there are many players but few real winners. Such is the conclusion drawn by a team of European researchers in a study recently published in the scientific journal Nature. They analysed 6.1 million transactions to buy, sell and transfer 4.1 million digital objects in the form of NFTs between June 23, 2017, and April 27, 2021.