A figure showing the difference between trader and NFT networks, respectively. SCIENCE REPORTS
Though the NFT market is on everybody’s mind, the details of how it functions and who it rewards are still murky. This past October, however, a team of researchers with funding from the Alan Turing Institute released one of the first papers to analyze the NFT market. Titled “Mapping the NFT revolution: market trends, trade networks, and visual features,” Matthieu Nadini et al. published in Nature some surprising results.
Despite the fact that NFTs have been touted as a democratizing force for art, the paper revealed that top buyers account for the majority of sales and very few artists make more than $15 dollars on individual NFTs.