Ecoinometrics - Finding inefficiencies in the NFT market

How sensitive are NFT floor prices to changes in ETH value?

Last year NFTs used to be hot. This year they are not. That doesn’t mean there aren’t some long term plays to make in the space.

But as a broad asset class NFTs do not behave like their more familiar fungible counterpart.

Let's take a look at the data and try to wrap our head around this market.

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Done? Thanks! That’s great! Now let’s dive in.

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Finding inefficiencies in the NFT market

Let me preface this discussion by some portfolio level considerations.

If you were to start with only cash in your portfolio, deploying it all on some NFT bets might not be the best idea. At least you need to understand what you are getting into and develop some sort of thesis to navigate the space. Things aren’t as straightforward as buy Bitcoin and wait for adoption to do its thing.