Technology

NFT profits mostly go to insiders, study shows, with echoes of once-hot initial coin offerings for cryptocurrencies



Non-fungible tokens are one of the hottest things in cryptocurrencies right now, with the prospect of big gains should the latest collection rise in value. But a new study from Chainalysis shows that a small portion of participants reap most of the gains.Investing frequently in a wide array of collections appears to lead to the highest profits, Chainalysis said in its report. It added that whitelisting – the practice of allowing a certain set of followers or others to purchase new NFTs at a…



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