Remember when NFTs sold for millions of dollars? 95% of the digital collectibles may now be worthless.
Are NFTs dead?
A recent study looking at the price of thousands of collections seems to suggest the answer is “yes.”
A report by dappGambl based on data provided by NFT Scan and CoinMarketCap showed that out of 73,257 NFT collections the researchers looked at, 69,795 of them, or slightly over 95%, had a market cap of zero ether.
By their estimates, almost 23 million people hold these worthless assets.