论文标题
异构稀有性模式推动NFT收藏的价格动态
Heterogeneous rarity patterns drive price dynamics in NFT collections
论文作者
论文摘要
我们通过分析2018年1月至2022年6月之间收集的370万笔交易的数据集来量化非可替代令牌（NFT）稀有性，并研究了它如何影响市场行为，涉及在410个收藏中分布的140万个NFT。首先，我们根据其拥有的一组人类可读属性来考虑NFT的稀有性，并表明大多数收藏都具有异质的稀有模式，几乎没有稀有的NFT和大量更常见的含量。然后，我们分析市场绩效，并表明稀有的NFTS：（i）以较高的价格出售，（ii）交易较低，（iii）保证更高的投资回报（ROIS）和（iv）的风险较小，即较不愿意产生负面收益。我们预计研究人员以及NFT的创建者，收藏家和商人将感兴趣这些发现。
We quantify Non Fungible Token (NFT) rarity and investigate how it impacts market behaviour by analysing a dataset of 3.7M transactions collected between January 2018 and June 2022, involving 1.4M NFTs distributed across 410 collections. First, we consider the rarity of an NFT based on the set of human-readable attributes it possesses and show that most collections present heterogeneous rarity patterns, with few rare NFTs and a large number of more common ones. Then, we analyze market performance and show that, on average, rarer NFTs: (i) sell for higher prices, (ii) are traded less frequently, (iii) guarantee higher returns on investment (ROIs), and (iv) are less risky, i.e., less prone to yield negative returns. We anticipate that these findings will be of interest to researchers as well as NFT creators, collectors, and traders.
