Data from blockchain analytics company Moonstream shows 16% of all addresses that conduct NFT transactions on Ethereum. 80% of NFTs of 71. It shows that he holds 98.
The company’s report dated October 21 focused on NFTs with ERC 721 tokens. The report stated that between April 1 and September 25, 2021, more than 7 million NFT transactions were carried out on Ethereum. Noting the inequality in the distribution of NFTs, the report added that the ratio in question represents several NFT platforms and crypto-asset trading platforms. The data in question was interpreted as a large inequality in the Ethereum NFT market. According to the company, this is 83% covering other wallets. It obliges 29 to share only 19.02% of NFTs. On the other hand, the following statements were also included in the report:
“What this data shows us is that the Ethereum NFT market is open in the sense that the vast majority of its participants are small-time buyers who probably make their purchases manually. Barriers to entry are minimal for those wishing to join this market. ”
As it is known, the NFT industry has been the scene of a great frenzy lately. Many investors, famous names and developers have been involved in NFTs, and the NFT market generated $10.7 billion in sales between July and September.
