Buttcoin - The Crypto-Critical Comedy GODL Mine @kbin.social kazerniel @lemmy.world 2y ago

Study suggests 95% of NFT collections are worthless

dappgambl.com 95% of NFTs are Dead - Trends, Predictions & Statistics 2023

Are NFTs (Non Fungible Tokens) dead? Maybe so. We analysed over 60.000 NFTs to find out which ones are still valuable.

Of the 73,257 NFT collections we identified, an eye-watering 69,795 of them have a market cap of 0 Ether (ETH).

This statistic effectively means that 95% of people holding NFT collections are currently holding onto worthless investments. Having looked into those figures, we would estimate that 95% to include over 23 million people who’s investments are now worthless.