NFTs
Out of context: Reply #830
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- neverscared2
Your NFTs Are Actually — Finally — Totally Worthless
New report from industry researchers finds that 95 percent of the once-hyped crypto assets have hit rock-bottom valuationA TEAM OF researchers have crunched the numbers to explain why you don’t see people hawking ugly cartoon apes on the internet as much anymore: NFTs, or non-fungible tokens, once vaunted as a revolution in crypto and digital art, are largely worthless.
“Dead NFTs: The Evolving Landscape of the NFT Market” is a new report from dappGambl, a community of experts in finance and blockchain technology. Upon analysis of 73,257 NFT collections, the authors found that 69,795 have a market cap of zero Ether (ETH), the second most-popular cryptocurrency behind Bitcoin. In practical terms, that means 95 percent of NFTs wouldn’t fetch a penny today — a spectacular crash for assets that reached a trading volume of $17 billion amid a frenzied bull market in 2021. The study estimates that some 23 million investors own these tokens of no practical use or value.
- weren´t they worthless in that range all the time... with 90%washtrade and the high amount of scams...?!neverscared
- Say it ain't so!palimpsest
- Too bad I couldn't have bet on their downfall, would have made a killing. Crypto is next.formed