Most of the profits from NFT are received by a small part of investors

It is commonly believed that non-fungible tokens or NFTs bring enormous returns to investors, howevernew research from Chainalysis shows that only a small subset of participants make the most of the profits.

Chainalysis specialists noted thatMaximum profit is ensured by investing in several collections. It is important to note here the practice of creating a whitelist, on which people can purchase new NFTs at a significantly reduced price.

Opensea users who turn on whitelist and then sell their newly created NFTs make a profit 75.7% of the time, while non-whitelisted users have a 20.8% profit rate. Thus, it is difficult to make huge profits from NFTs without having the privileges.

We also find evidence of investor use of bots, which could block access to less sophisticated users and even lead to failed transactions for which they paid commissions.

This year, NFTs have burst into the public consciousness, with celebrities, sports teams, and artists all pushing the new fashion trend.

NFTs represent one of the most exciting and fastest-growing sectors in the cryptocurrency world, and have become particularly popular among retail investors, says a report from Chainalysis.

However, those who want to collect NFTs and trade them need to understand how competitive the market is.

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