Racial discrimination in non-fungible token (NFT) prices? CryptoPunk sales and skin tone

Jeremy K. Nguyen

Economics Letters, 2022, vol. 218, issue C

Abstract: Using sales data for the non-fungible token (NFT) collection titled ‘CryptoPunks’ (June 2017–October 2021, n=18, 883), we examine whether certain skin tones of the artworks trade at different prices. Results indicate that CryptoPunks with lighter skin tones (Albino and Light), trade at significantly higher prices. CryptoPunks with Dark skin trade at lower prices, even after controlling for rarity and market conditions.

Keywords: Non-fungible token; Discrimination; Race (search for similar items in EconPapers)
JEL-codes: J15 Z11 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:218:y:2022:i:c:s016517652200252x

DOI: 10.1016/j.econlet.2022.110727

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