A new report has shown that a significant part of all the non -fungable tokens based on Ethereum is owned by a small number of addresses in the network. The test report, which was published on October 21 by the open source blockchain analysis company Mo-Stream, focused exclusively on NFTS with the ERC 721 token standard. Between April 1 and September 25, 2021, more than 7 million NFT transactions were carried out on Ethereum blockchain. Inequality in the NFT distribution on Ethereum The Moonsstream document shows that about 16.71% of all addresses that carry out NFT transactions on Ethereum blockchain hold a whopping 80.98% of the NFTs. It put ...
Less than 17% addresses control over 80% of the NFTS on Ethereum: Report
A new report has shown that a significant part of all non -fungal tokens based on Ethereum is in possession of a small number of addresses in the network.
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" Data-wpel-link = "external", that on October 21st October Published by the open source blockchain analysis company Mo-Stream, concentrated exclusively on NFTs with the ERC 721 token standard. Between April 1 and September 25, 2021, more than 7 million NFT transactions were carried out on Ethereum Blockchain.
inequality in the NFT distribution on Ethereum
The Moonsstream document shows that about 16.71% of all addresses that carry out the NFT transactions on Ethereum blockchain, keep a whopping 80.98% of the NFTs.
It also found that the 16.71% represent the various NFT platforms and exchanges that act at the same time as thousands of these digital tokens.
"There is also great inequality on the Ethereum NFT market in the sense that the top 16.71% of the NFT owners control 80.98% of the NFTs," the report.
In view of such a high percentage under the addresses that manage NFTS in the Ethereum network, which control more than 80 % of the total available offer, around 83.29 % of the remaining holders have to share 19.02 % of the tokens within the analysis period.
low entry barriers
The paper pointed out the inequality in the distribution of the NFTS, but also found that the market is still open to everyone, both for small and large investors.
It says: "This data shows us that the Ethereum NFT market is open in the sense that the vast majority of its participants are small buyers who are likely to make their purchases manually. There are only a few entry barriers for those who want to take part in this market."
The NFT market has exploded in the past few months and millions of interested parties, including investors, collectors, developers and stock exchanges
The excitement increases because institutional investors join NFT mania and climb the sales at record heights. Between July and September alone, the The NFT-Markt has 10.7 Billions of US dollar on sale.
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