17% of the addresses control 80% of all NFTs on Ethereum

follow research The over 7 million NFT transactions on the Ethereum blockchain between the 1st. This means that the remaining 83.29% of NFT holders can only earn “a handful of tokens” during this time.

“However, among the 83.29% of NFT owners, many of the owners are marketplaces and clearinghouses such as OpenSea, Nifty Gateway and others,” said Moonstream.

Source: moon power

The metrics closely simulate the Pareto Principle (80/20 rule), a factor that is common in various markets and sectors. The principle is based on the idea that about 80% of the effects come from 20% of the causes.

Reddit user “xddemonesque” react report again:

“It is interesting to see how closely the Pareto principle adheres to an avant-garde and traditionally irrational market.”

Moonstream’s dataset is focused on ERC-721 tokens and does not contain data from Layer 2 networks such as Polygon, nor does it pull data from a centralized application programming interface (API).

“Our scan of these 1,145,767 blocks resulted in transfers of 7,020,950 tokens from 9,292 NFT contracts over 727,102 addresses. These types of castings and transfers form the core of the data set. “

While Moonstream highlighted the “massive inequality” of NFT ownership on Ethereum, the company also argued that retail investors are perfectly welcome to enter the NFT market, pointing out that most NFT owners are time-consuming traders in the Are able to make their purchases manually.

“This data shows us that NFT Ethereum is an open market, which means that the majority of its participants are short-term buyers who have the option to buy manually. There are very few barriers to entry for those wishing to enter this market. “

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Mr. Teacher

According to Cointelegraph

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