"Non-Fungible Tokens (NFT). The Analysis of Risk and Return"
https://ssrn.com/abstract=3953535
It says
Quote
Returns estimated since the market low on June 22, 2021 are equally stunning. SAND and
ALICE generate, on the market-adjusted basis, at least 236% each, whereas TLM and AUDIO over
125%. Further, DEGO and SUPER earn 73% each. There are only four NFTs which underperform bitcoin (TFUEL, SLP, THETA, and BAKE), TFUEL being the most extreme losing NFT (-52%),
ahead of SLP (-34). It is important to stress that TFUEL and THETA are one of the best performers
long-term (Figure 4, Panel A). Both have been listed on the crypto exchange for over two years and
together with ENJ are the most senior NFTs traded on the crypto market. On the other hand, TLM
is one of the best short-term performers but in the long-term it loses about 50% of its value against
bitcoin (Figure 4, Panel B).
ALICE generate, on the market-adjusted basis, at least 236% each, whereas TLM and AUDIO over
125%. Further, DEGO and SUPER earn 73% each. There are only four NFTs which underperform bitcoin (TFUEL, SLP, THETA, and BAKE), TFUEL being the most extreme losing NFT (-52%),
ahead of SLP (-34). It is important to stress that TFUEL and THETA are one of the best performers
long-term (Figure 4, Panel A). Both have been listed on the crypto exchange for over two years and
together with ENJ are the most senior NFTs traded on the crypto market. On the other hand, TLM
is one of the best short-term performers but in the long-term it loses about 50% of its value against
bitcoin (Figure 4, Panel B).
- Anyone familiar with the mentioned NFTs knows a more specific reason or explaination to the results than the one said by the author???
-Also, do u think Bitcoin is the correct basis for comparison, I've strangely seen it in many papers why not Ethereum as the main environment for NFTs I don't know?
