Physicists reveal the statistical secrets of NFT market dynamics

Researchers at the Institute of Nuclear Physics of the Polish Academy of Sciences (IFJ PAN) in Cracow have delved into the statistical intricacies of the burgeoning market for non-fungible tokens (NFTs). Led by Prof. Stanislaw Drozdz and Dr. Marcin Watorek, the team analyzed global statistical features of NFTs, shedding light on this digital asset market’s unique dynamics and complexities.

The concept of value has evolved from precious metals to digital sequences of zeros and ones, as seen in conventional currency. NFTs, however, take this abstraction to a new level.