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Study suggests 95% of NFT collections are worthless

3 years ago by kazerniel to c/Buttcoin

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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.

n3m37h 5 points 3 years ago

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Speculater 2 points 3 years ago

They're buying and selling to themselves to wash crypto. Worthless to us, not to them.

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Brunbrun6766 3 points 3 years ago

Who could have predicted this??

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kazerniel 3 points 3 years ago

I know they are all worthless anyway, but now there's a study that says it's the objective truth too ;)

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Evinceo 2 points 3 years ago

Is the margin of error five percent?

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MyFairJulia 2 points 3 years ago

Bearish market? I'd prefer the market to be atomic bomb-ish (i.e. wipe out every litlle bit of trading)

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raktheundead 2 points 3 years ago

They're all worthless - just some people have taken longer to realise it than others.

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