The Chainalysis report released on December 7 found that whitelisted investors performed significantly better than non-whitelisted investors.
What is the white list for?
It is almost impossible to make windfall gains on purchases of new NFTs without being whitelisted, Chainalysis says in its latest report on the NFT market.
According to the latest report on the NFT market released on December 7 by data analytics firm Chainalysis, whitelisted non-fungible token (NFT) investors achieved significantly higher returns than those who bought newly issued NFTs on the markets secondary.
OpenSea data showed whitelisted investors who sold newly issued NFTs made profits 75.7% of the time, compared to 20.8% for those who weren’t on the list. White. Additionally, the data suggests that it is nearly impossible for non-whitelisted collectors to earn windfall profits on newly issued NFTs.
Whitelisting is a common practice used by newly issued NFT projects to generate interest in their collections. It typically involves allowing a select group of dedicated early adopters to purchase NFTs at a significantly lower price than other users on the market. minting, during which digital objects are transformed into NFTs on the blockchain. Those who are whitelisted are usually Followers who have been active on the project’s Discord servers or who have helped promote the collections on Twitter.
“ The data is clear», Announced Chainalysis, “The whitelist provides a considerable financial reward for those who play an important role in the success of an NFT project by contributing to the development of its early stage community”. In total, 78% of unbleached buyers lost more than half of their initial investment after selling their newly created NFTs. In contrast, 78% of whitelisted insiders made a profit on the resale, doubling their initial investment in more than half of the cases.
NFTs with a history of past sales
In addition, the data reviewed by Chainalysis indicate that investors who resold NFTs with a history of past sales experienced a much higher success rate than those who participated in trading events.minting. Indeed, 65.1% of users following this strategy made a profit of 65.1% after reselling.
As you might expect, it is the top or more experienced investors who have made the most profits from NFT speculation. According to the report, 20% of OpenSea users made 80% of secondary sales from NFT, while only 5% of users made 80% of profits from reselling.
When it comes to trading NFTs that have already been sold, the group of investors with the most resale transactions made 85% of the profits. Additionally, investors who paid a higher average price per NFT significantly outperformed those who traded cheaper NFTs.
The last finding of the report, and perhaps the most interesting, is that top performing NFT investors did not have a much higher success rate than others. Rather, they traded more NFTs, with a higher average price per trade and a similar success rate to the underperforming group.
Source: Crypto Briefing
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