# Exploring Gender and Race Biases in the NFT Market

arXiv: https://arxiv.org/abs/2304.06484 · HTML: https://mlsanity.com/paper/2304.06484/

## Key facts

- Cited by 1 papers in the map (data through 14 Oct 2026).
- Builds on 2 of its 16 references that are in the map.
- First posted on arXiv 29 Mar 2023.

## Builds on (most cited first, 2 of 2)

- [Mapping the NFT revolution: market trends, trade networks and visual features](https://mlsanity.com/paper/2106.00647/) (2021)
- [Understanding Security Issues in the NFT Ecosystem](https://mlsanity.com/paper/2111.08893/) (2021)

## Built on by (most cited first, 1 of 1)

- [A Survey of Blockchain, Artificial Intelligence, and Edge Computing for Web 3.0](https://mlsanity.com/paper/2311.13731/) (2023)

## Abstract (arXiv)

Non-Fungible Tokens (NFTs) are non-interchangeable assets, usually digital art, which are stored on the blockchain. Preliminary studies find that female and darker-skinned NFTs are valued less than their male and lighter-skinned counterparts. However, these studies analyze only the CryptoPunks collection. We test the statistical significance of race and gender biases in the prices of CryptoPunks and present the first study of gender bias in the broader NFT market. We find evidence of racial bias but not gender bias. Our work also introduces a dataset of gender-labeled NFT collections to advance the broader study of social equity in this emerging market.