Figure 1
The timeline of NFT adoption on foundation. (A) Number of new artists listing art, indicating that many artists joined the platform in March and that adoption reached a new equilibrium following a decline in May. (B) Number of new art listed on the platform. (C) Number of artworks sold on the platform. (D) Number of new collectors purchasing art. (E) The daily listing and selling price of art, indicating that despite the changes in NFT adoption rate, the economic value of art has remained unchanged. (F) The earnings of innovators, early majority, majority, and laggards, showing that early artists have enjoyed higher earning than late joiners. (G) The list price of art in the four artist groups. (H) The selling price of art grouped by selling date. (I) The spending of collectors within each group, indicating that early collectors have been higher spenders than the late comers. (J) The selling rate of art within each artist and art group, showing that artworks listed in early groups have sold at a higher rate than in the late stages. Error bars show the standard deviation.
