Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Scalable L1 Power Meme -Munten

2025-05-18

Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»According to multiple studies, NFT sales and prices are driven by luck, scarcity and optimism
NFT

According to multiple studies, NFT sales and prices are driven by luck, scarcity and optimism

2023-11-29No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A trio of studies published in November may shed some light on the social and psychological factors motivating movement into the non-fungible token (NFT) market.

Researchers from Western University in Canada, Tilburg University in the Netherlands, the University of North Carolina at Chapel Hill in the US and the Rennes School of Business in France found in three independent studies that personal experiences and happiness, along with scarcity of assets and consumer optimism have been the catalyst for most of the market movement in the NFT space.

NFT market movement

In a study conducted by Guneet Kaur Nagpal of Western University and Luc Renneboog of Tilburg University, entitled ‘On Non-fungible Tokens, Blockchain Hypes, and the Creation of Scarcity’, the researchers analyzed the market dynamics of ‘Crypto Punks’, a popular series NFT assets.

“CryptoPunks,” the researchers write, “are among the most highly valued Non-Fungible Tokens (NFTs), with notable sales such as CP #5822 which raised $23.7 million in February 2022, and CP #7523 which raised 11 in December 2021. raised $8 million. ”

Key findings, according to the article, include the assessment that buyers who were already active in Ethereum (the blockchain on which CryptoPunks’ assets reside) were more likely to be active in the market and also experienced higher profits. The researchers also noted that gains and losses in Ethereum didn’t necessarily affect the price of NFTs, but they did affect the decision to sell or resell assets.

Furthermore, the study states:

“The authors find that creating rarity, for both CP types and accessory combinations, which can be captured by statistical and visual measurements, drives price.”

In a separate study titled “Personal Experience Effects across Markets: Evidence from NFT and Cryptocurrency Investing,” researcher Chuyi Sun of the University of North Carolina at Chapel Hill examined transaction-level data from “approximately a million” wallets to study how “personal experience has contributed to bubbles in the NFT market.

See also  ATP Tennis Tour Offers Customizable 2023 Finals Posters via NFT Drop

“I find that NFT investors who randomly receive more valuable NFTs in the primary market are more likely to participate in subsequent primary market sales,” Chuyi Sun writes. They add that investors who randomly receive more valuable NFT tokens are more likely to end up purchasing “more lottery-like” cryptocurrencies.

Counterintuitive findings

A third study, conducted by Akanksha Jalan and Roman Matkovskyy from the Rennes School of Business, titled ‘The Impact of Experience, Overconfidence and Optimism on Future Cryptocurrency Ownership’, delves deep into the dynamics surrounding investor optimism and their knock-on effect on the future. the cryptocurrency and NFT markets.

Related: The ‘WAGMI’ mentality undermines crypto

In this study, the researchers found, counterintuitively, that negative past experiences and investor optimism both positively influence the chances of future cryptocurrency and NFT ownership.

“The fact that individual crypto investors with negative experiences with cryptocurrencies continue to show interest in the asset class could reflect a form of selfish bias,” the authors write, before adding “where these investors are likely to attribute their losses to factors over which they have no control.” to have control. (such as market volatility) rather than poor decision making on their part.”

Source link

Driven luck multiple NFT Optimism prices sales scarcity studies
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The most popular collections of the moment on blockchain

2025-05-18

Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

2025-05-17

Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

2025-05-16

Bitcoin Weekly Supertrend Flash Sales Signal from 2022 Despite BTC/USD strength

2025-05-16
Add A Comment

Comments are closed.

Top Posts

Boba Network to Deliver Integrated Revenue by Launching Nucleus Network

2025-01-24

Digital asset investment products are making a fantastic comeback in October

2023-10-27

Nokia patents technology for encrypting digital assets

2024-12-25
Editors Picks

Bitcoin-based collections have an edge over Ethereum NFTs. This is why

2024-03-18

Retailhandel Giant Robinhood gives an overview of Ethereum Layer-2 Arbitrum, activating rally for ARB

2025-03-05

Web3 growth in the East

2024-03-16

5 Signs the September Crypto Bull Run is Coming

2024-09-02
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin -price could prepare for a new wave of volatility – this is why

Scalable L1 Power Meme -Munten

Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,999.291.91%
  • ethereumEthereum(ETH)$2,540.562.64%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.423.17%
  • binancecoinBNB(BNB)$649.791.27%
  • solanaSolana(SOL)$173.563.53%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2275335.58%
  • cardanoCardano(ADA)$0.761.10%
  • tronTRON(TRX)$0.2734021.18%
  • suiSui(SUI)$3.943.66%
  • chainlinkChainlink(LINK)$15.963.90%
  • avalanche-2Avalanche(AVAX)$23.373.22%
  • stellarStellar(XLM)$0.2929072.04%
  • hyperliquidHyperliquid(HYPE)$27.142.34%
  • shiba-inuShiba Inu(SHIB)$0.0000155.34%
  • hedera-hashgraphHedera(HBAR)$0.1963432.88%
  • unus-sed-leoUNUS SED LEO(LEO)$8.71-2.98%
  • bitcoin-cashBitcoin Cash(BCH)$403.252.66%
  • the-open-networkToncoin(TON)$3.142.27%
  • polkadotPolkadot(DOT)$4.833.16%
  • litecoinLitecoin(LTC)$99.361.14%
  • moneroMonero(XMR)$342.692.34%
  • bitget-tokenBitget Token(BGB)$5.307.27%
  • pepePepe(PEPE)$0.0000149.91%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.746.47%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.114.50%
  • bittensorBittensor(TAO)$428.992.23%
  • aaveAave(AAVE)$231.602.89%
  • nearNEAR Protocol(NEAR)$2.864.89%
  • aptosAptos(APT)$5.252.02%
  • okbOKB(OKB)$53.340.76%
  • ondo-financeOndo(ONDO)$0.953.78%
  • kaspaKaspa(KAS)$0.1148191.31%
  • internet-computerInternet Computer(ICP)$5.332.64%
  • ethereum-classicEthereum Classic(ETC)$18.661.82%
  • crypto-com-chainCronos(CRO)$0.1001792.31%
  • gatechain-tokenGateToken(GT)$21.650.99%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.172.50%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2421054.56%
  • mantleMantle(MNT)$0.741.67%
  • vechainVeChain(VET)$0.0288493.66%
  • render-tokenRender(RENDER)$4.734.06%
  • ethenaEthena(ENA)$0.3881026.49%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2271854.95%
  • filecoinFilecoin(FIL)$2.914.01%
  • cosmosCosmos(ATOM)$4.954.10%
  • bitcoinBitcoin(BTC)$104,999.291.91%
  • ethereumEthereum(ETH)$2,540.562.64%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.423.17%
  • binancecoinBNB(BNB)$649.791.27%
  • solanaSolana(SOL)$173.563.53%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2275335.58%
  • cardanoCardano(ADA)$0.761.10%
  • tronTRON(TRX)$0.2734021.18%
  • suiSui(SUI)$3.943.66%
  • chainlinkChainlink(LINK)$15.963.90%
  • avalanche-2Avalanche(AVAX)$23.373.22%
  • stellarStellar(XLM)$0.2929072.04%
  • hyperliquidHyperliquid(HYPE)$27.142.34%
  • shiba-inuShiba Inu(SHIB)$0.0000155.34%
  • hedera-hashgraphHedera(HBAR)$0.1963432.88%
  • unus-sed-leoUNUS SED LEO(LEO)$8.71-2.98%
  • bitcoin-cashBitcoin Cash(BCH)$403.252.66%
  • the-open-networkToncoin(TON)$3.142.27%
  • polkadotPolkadot(DOT)$4.833.16%
  • litecoinLitecoin(LTC)$99.361.14%
  • moneroMonero(XMR)$342.692.34%
  • bitget-tokenBitget Token(BGB)$5.307.27%
  • pepePepe(PEPE)$0.0000149.91%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.746.47%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.114.50%
  • bittensorBittensor(TAO)$428.992.23%
  • aaveAave(AAVE)$231.602.89%
  • nearNEAR Protocol(NEAR)$2.864.89%
  • aptosAptos(APT)$5.252.02%
  • okbOKB(OKB)$53.340.76%
  • ondo-financeOndo(ONDO)$0.953.78%
  • kaspaKaspa(KAS)$0.1148191.31%
  • internet-computerInternet Computer(ICP)$5.332.64%
  • ethereum-classicEthereum Classic(ETC)$18.661.82%
  • crypto-com-chainCronos(CRO)$0.1001792.31%
  • gatechain-tokenGateToken(GT)$21.650.99%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.172.50%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2421054.56%
  • mantleMantle(MNT)$0.741.67%
  • vechainVeChain(VET)$0.0288493.66%
  • render-tokenRender(RENDER)$4.734.06%
  • ethenaEthena(ENA)$0.3881026.49%
  • usd1World Liberty Financial USD(USD1)$1.00-0.11%
  • algorandAlgorand(ALGO)$0.2271854.95%
  • filecoinFilecoin(FIL)$2.914.01%
  • cosmosCosmos(ATOM)$4.954.10%