Challenges of data accessibility in the NFT market

have grown into a distinct sector within the blockchain industry, but they still have to address several challenges before aiming for mass adoption. One of the key issues of the space has to do with data accessibility, or mostly, the lack of it. Unlike the broader crypto industry, the NFT market is still in its infancy, and there are relatively few resources available for tracking NFT collections, exploring detailed statistics and analyzing market trends.

One of the reasons for the current situation is that the NFT market is highly fragmented, with thousands of different collections and individual NFTs available for purchase. This makes it challenging for any single resource to provide a comprehensive view of the market as a whole. Transparency — easy access to data on NFT ownership history, provenance and other details would bring more transparency. This can help buyers make more informed decisions.

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