Women make up just 16% of the NFT market, according to a report published this week by research firm ArtTactic, based on primary and secondary market sales over the past 21 months on Nifty Gateway.
As in the traditional art market, male dominance prevails in the NFT world. According to the report released this week, women only make up 16% of the NFT market. Also, the “winner takes all” mentality in the traditional art market seems to be prevalent in the NFT market as well. According to the report, the sales of only 16 artists, 5%, make up 55% of the total sales. 25% of the artists account for 90% of the total sales volume.
The top three in the NFT world include US artist Beeple (Mike Winkelman), Pak and Canadian Mad Dog Jones. While Pak’s nationality, gender and age have not been disclosed, the only female artist to make the top 10 list on NFT is musician Grimes, who has sold $8.9 million to date. Male artists account for 77% of all primary and secondary sales, with $258.3 million overall.
Although the Metaverse is an inclusive and diverse field, there is a certain distribution by country. Geographically, US, British and Canadian artists account for 73% of NFT sales totals. Since February 2020, 174 US artists have earned $167.5 million (50.1% of total sales). They are followed by 40 British artists (13.1% of total sales) and 15 Canadian artists (9.9% of total sales). The report notes that only 3.6% of artists are from countries in Africa and Latin America.
