Bubblemaps Series (II): The Transparency Revolution of the NFT Market, the Power of Bubblemaps!
The NFT craze has drawn countless people in, but it has also brought along many issues: Is there a team manipulating things behind the scenes? Are certain 'blue-chip' NFTs actually controlled by a few large holders? These questions often deter retail investors.
The answer provided by Bubblemaps is a clear bubble chart. Through Bubblemaps, users can intuitively see the holding distribution of a particular NFT project and identify whether there is abnormal concentration.
If it is found that only a few wallets hold most of the collectibles, it indicates that market prices could be manipulated at any time.
Conversely, if holdings are relatively dispersed, it aligns more closely with the true spirit of decentralization. This transparency not only protects investors but also encourages project teams to enhance their credibility.
The future of NFTs requires more tools like this to dispel the fog, and Bubblemaps is the spotlight illuminating the way forward.
