Study suggests 95% of NFT collections are worthless
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.
https://dappgambl.com/nfts/dead-nfts/Open linkView original on lemmy.world
They're buying and selling to themselves to wash crypto. Worthless to us, not to them.
Who could have predicted this??
I know they are all worthless anyway, but now there's a study that says it's the objective truth too ;)
Is the margin of error five percent?
Bearish market? I'd prefer the market to be atomic bomb-ish (i.e. wipe out every litlle bit of trading)
They're all worthless - just some people have taken longer to realise it than others.