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.

Evinceo,

Is the margin of error five percent?

raktheundead,
@raktheundead@fedia.io avatar

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

MyFairJulia,
@MyFairJulia@lemmy.world avatar

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

Brunbrun6766,
@Brunbrun6766@lemmy.world avatar

Who could have predicted this??

n3m37h,

I’d like to see the 5% that aren’t worthless, pretty sure they are

Speculater,

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

kazerniel,

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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