January 25, 2025

Table of Links Abstract and 1 Introduction 2 Methodology 3 Results 3.1 CryptoPunks 3.2 Aggregate NFT Market 4 Discussion 5. Conclusion/ Acknowledgements/ References A Appendix A.1 Implementation Details A.2 Detailed NFT Information & A.3 Google NFT Searches Map 2. Methodology We describe the methods of analyzing the gender and race biases in the prices of NFTs. We first summarize our data collection process (Section 2.1 and 2.2) and then describe how we statistically quantify the

Table of Links Abstract and 1 Introduction 2 Methodology 3 Results 3.1 CryptoPunks 3.2 Aggregate NFT Market 4 Discussion 5. Conclusion/ Acknowledgements/ References A Appendix A.1 Implementation Details A.2 Detailed NFT Information & A.3 Google NFT Searches Map Abstract 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

Table of Links Abstract and 1 Introduction 2 Methodology 3 Results 3.1 CryptoPunks 3.2 Aggregate NFT Market 4 Discussion 5. Conclusion/ Acknowledgements/ References A Appendix A.1 Implementation Details A.2 Detailed NFT Information & A.3 Google NFT Searches Map A.2 Detailed NFT Information The 44 collections that we sampled and analyzed are all NFTs representing avatars. In Table 6, month created, mean sale price, median sale price, 2.5% trim mean sale price, and total supply are

Table of Links Abstract and 1 Introduction 2 Methodology 3 Results 3.1 CryptoPunks 3.2 Aggregate NFT Market 4 Discussion 5. Conclusion/ Acknowledgements/ References A Appendix A.1 Implementation Details A.2 Detailed NFT Information & A.3 Google NFT Searches Map 3.2 Aggregate NFT Market We conduct similar analysis for gender and race bias across the NFT market. We found 44 collections with gender labels but only 3 with race labels. 3.2.1 Gender For the 44 NFT collections