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NFT Natives Are Dominating the Market: Chainalysis Report

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Crypto Briefing

Tue, Dec 07, 2021

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The report also indicated that investors flipping NFTs with prior sales history saw a much higher success than non-whitelisted investors participating in minting events.

According to the latest NFT market report published Tuesday by renowned data analytics firm Chainalysis , whitelisted non-fungible token (NFT) investors saw dramatically better investment returns than those who bought newly-minted NFTs on the secondary markets.

“The data is clear,” Chainalysis said, “whitelisting provides a significant financial reward for those who play a role in an NFT project’s success by seeding its early community growth efforts.” Overall, 78% of non-whitelisted buyers lost more than half of their initial investment after selling their newly-minted NFTs. On the other hand, 78% of insiders who made the whitelist profited upon resale, doubling their initial investment more than half of the time.

Furthermore, the data examined by Chainalysis indicated that investors flipping or reselling NFTs with prior sales history saw a much higher success rate than those participating in minting events.

Also, investors who paid a higher average price per NFT significantly outperformed those who traded cheaper NFTs. The final and perhaps most interesting finding in the report is that the most successful NFT investors didn’t have a significantly higher hit rate than others.

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