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.
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