NFT Market Faces Major Challenges, with 96% Considered “Dead”
According to Foresight News, a recent report by NFTevening reveals that the NFT market is facing significant challenges, with 96% of NFTs considered “dead.” These NFTs feature minimal trading volume, extremely low 7-day sales, and almost no presence on social media platforms. The report analyzed over 5,000 NFT collections and 5 million transactions, and found that over 43% of holders have suffered losses, with the average return on investment declining by 44.5%. Furthermore, the average lifecycle of an NFT is only 1.14 years, which is noticeably shorter than traditional cryptoasset projects.
