NFTs are being traded for thousands of dollars in days and sometimes even hours. There is a sell-off every time the market goes down, but more awareness about NFTs will signal that this is mainstream adoption. How much the market grows, or how high it can go before reaching its peak makes for one exciting storyline to watch unfold.

NFTs are a new type of crypto that have been gaining popularity in recent months. However, there is still much to learn about these assets and their potential. One way to get started is by flipping nfts on opensea.

A Look at NFT Flipping, Minting & Market Size

Hello, my name is Kevin, and I’ll be writing a bi-weekly piece at called “NFT Market Analysis” to assist you comprehend the statistics in the NFT market. Today, we’ll take a look at “The Chainalysis 2021 NFT Study,” a new report from Chainanalysis. While Chainalysis has been a contentious topic in the industry for some time, this paper has some fascinating statistics about the NFT business.

In 2021, almost $27 billion dollars in value will be sent.

The most popular forms of Ethereum smart contracts for NFTs, ERC-721 and ERC-1155, collected around $27 billion from users in 2021. According to the data, both total value transmitted and average transaction size have increased significantly, “suggesting that NFTs as an asset category are increasing value as they attract more users.”


NFTs Have Been Recognized Around the World

If you look at this graph, you can see that in January 2021, North America dominated NFTs, but by the end of the year, no area accounted for more than 25%. According to the statistics, NFTs, like cryptocurrencies, are a worldwide phenomena.



NFT Miners on the Whitelist Produce Massive Profits

The technique of “whitelisting,” in which a collection encourages collectors to promote their project well before it launches, and then allows them access to NFT mints earlier or at a lower price than other users, yields astronomical investment returns.

Whitelisted collectors who subsequently sell their newly minted NFTs earn a profit 78 percent of the time. Collectors who get a token as part of a regular project launch, on the other hand, only make a profit on subsequent purchases 21% of the time. This would seem to imply that the sooner you become engaged in a project, the higher your chances of making significant benefits.


Flippers have a better track record than Minters.

This came as a bit of a surprise to me. According to Chainanalysis’ analysis of OpenSea data, participating in the secondary market of a collection and trying to flip NFTs yields a profit 65.1 percent of the time. However, choose which collection to participate in is crucial. On OpenSea, there are over 2,000 collections with a secondary sale, yet just 250 collections account for 80% of those transactions. If your purpose is to speculate, it may be simpler to join in an existing secondary market rather than trying to find the ideal new project to mint for.

Another intriguing feature is that practically all NFT flippers have a fairly similar “hit rate,” or the proportion of each deal that produces a profit. The most successful just make more deals, resulting in larger earnings. Flippers are classified by the number of flips they have accomplished in the figure below. As you can see, the difference between Group 1 and Group 4 (with Group 1 having done the most flips and Group 5 having done the fewest) isn’t that large; it’s just the beginners that seem to have a lower “hit rate.”


The importance of flipper concentration is undeniable.

Only 20% of user addresses on OpenSea account for 80% of secondary NFT sales, whereas only 5% of all addresses account for 80% of secondary sales earnings. The most successful NFT flippers also invest in a varied range of NFT collections, with the top 20% of flippers investing in an average of 28 different collections.

Keys to Success

If you want to earn money trading NFTs, you may do it in one of two ways: flipping an NFT or minting and selling NFTs. If you want to flip anything, make sure you purchase into a collection that already has a thriving secondary market. If you want to mint NFTs and sell them, aim to get on the project’s whitelist, where your chances of success are substantially better.

The data illustrates that as you gain skill in both flipping and minting, your probabilities of success (“hit rate”) may increase. Trading anything for a living is challenging, but this research suggests that some individuals are rather successful at it.

Personally, I purchase NFTs because I like them, but there is no right or wrong reason to do so.


The “latest nft news” is a blog post that looks at the NFT Flipping, Minting and Market Size.

Frequently Asked Questions

Can you make money flipping NFT?

A: No, this is not a business that can be run successfully.

What should I look for when flipping NFT?

A: There are a few factors to consider when flipping NFT on this website. One is the current market cap for what youre looking at flipping. Another factor that you should be sure of before buying an item is if its in high demand or not, and then weigh their individual rarity against each other as well as how many items there are of them sold on the marketplace.

What does flipping NFT mean?

A: This is the acronym for Not For Trading. It means that a coin, part of an item, or some other digital asset cannot be traded.

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