#NFT Projects are just MLMs for Tech Elites

source: https://every.to/napkin-math/nft-projects-are-just-mlms-for-tech-elites

Let’s look at the math - in the past 30 days, the top 25 collections have done more than $2.3B in transactions. Out of this, 60% of that volume comes from just five collections - #Cryptopunks, #MutantApes, #ArtBlocks, #BoredApes, and #Loot. If you extend it to the top 50 collections, we’re looking at closer to $2.8B - but still almost 50% of that comes from those same five collections.

#mlm #business #economy #internet #hype #society #money #profit #art #collection