The study analyzes gender and race bias in the NFT market, focusing on 44 collections with gender labels. It employs statistical methods to determine price disparities between male and female NFTs, finding no significant differences. Specifically, the mean price difference is only 0.63%, and only a small fraction of collections show male NFTs with higher prices. The lack of a clear relationship suggests a balanced pricing structure across genders, with even representation of male and female valuation in the market activity discussed.
Our analysis found no clear relationship between market cap and gender bias, indicating that male NFT prices are not statistically significantly higher than female prices.
Out of 44 NFT collections analyzed, only 11 had male NFTs priced higher than female ones, demonstrating a lack of significant gender bias across the NFT market.
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