Crypto site Dappgambl has published one rapport across the market for NFTs, a type of smart contract on the Ethereum network in particular that became popular during the pandemic and peaked in 2021. It reveals that the vast majority of NFTs are not only totally worthless, but totally value-solve.
At the height of the hysteria surrounding NFTs, some of them could sell for millions of dollars. Beeple’s “First 5000 Days” was clubbed for the equivalent of SEK 770 million at today’s dollar rate. Today, only a few of the most popular NFTs still sell for more than a spit thief.
According to Dappgambl’s survey, which has tracked 73,257 NFT collections, 95 percent of all NFT collections today have a total value of zero ETH. 79 percent of all collections still have unsold NFTs. Of those sold today, only one percent have a price of at least $1,000, and 41 percent are between $5 and $100.
Some collections have chosen to maintain very high prices, but have thus not sold a single included NFT. For example, Dappgambl found a collection with a combined “value” of over $13 million, but found that the total sales from the collection were $18.
Many smaller cryptocurrencies have also met the same fate, but the larger currencies such as Ethereum and Bitcoin still have a high value, even if the rates are lower than during the rush.
2023-09-25 03:34:29
#percent #NFTs #completely #worthless
