95% of NFTs are Worthless: Report

There must be a 5% margin of error

Only 95?

The news here is that, contrary to popular belief, 5% of NFTs actually still hold some value.

The other 5% are less than worthless

Crypto and NFTs are complete scams, change my mind.

i assumed it was 100%

With some more time, the other 5% will follow suit.

Shocked it’s not 100%

This means that 79% of all NFT collections – otherwise known as almost 4 out of every 5 – have remained unsold

Anyone taking bets on how much of the remaining 21% were "sold" on paper only ie. wash traded? None of these statistics were ever reliable. Hundreds of thousands of NFT collections minted, almost all of them fishing for a single sucker to bite and make it worth the gas costs. It would probably be more useful to look only at collections officially associated with some already well-known brand/artist/celebrity.

Along with the rest of crypto, but don’t tell them…

To the surprise of absolutely no one with more than three brain cells to rub together.

Always have been 🌎👨‍🚀🔫

5% margin of error

100%

Who knew that implementing scarcity where there isn't any wouldn't work?

Hey. I have an NFT of a bridge I'd like to sell you. Anyone interested?

TL;DR: A recent report reveals that the NFT market has collapsed, with 95% of NFTs being practically worthless. The hype around NFTs peaked in 2021, but since then, interest has waned, leaving many artists and investors in a tough spot. While not all NFTs are scams, the majority have lost their value, and the environmental impact of crypto remains a concern.

5% to go

Probably just the beeple ones? Or are they all worthless as well?