As you already know, a few years ago the NFT business became fashionable, which are unique digital files that reached a very high price from the start and that made everyone join this market, either as sellers or investors who bought them to grow. In terms of price however, after a short time they were considered worthless.
A report of dappGamble Based on information provided by NFT Scan and CoinMarketCap indicated that 95% token Non-fungible items had no further value. of 73,257 NFT collections, 69,795 They had zero Ether market capitalization. Indicates that approximately 23 million users own these files that they purchased without future compensation
Here’s what the researchers noted:
This depressing reality should act as a calming brake on the euphoria that often surrounds the NFT space. Amidst stories of digital art pieces selling for millions and overnight success stories, it’s easy to overlook the fact that the market is fraught with pitfalls and potential losses.
These tokens had their rise and fall 2021 and 2022 But all that ended in the most ephemeral way possible. Currently, 79% of all NFT collections remain unsold and excess supply over demand has created a buyer’s market that does nothing to revive the market, not even companies at that time. konami They managed to sell the series Castlevania.
Was one of the companies that saved time Square Enix, They sold a large portion of their western division to invest in this market, a decision they regretted only after learning that the business would not grow.
Through: Markets Business Insider
Editor’s note: It was obvious that these NFT monkeys were going to go down eventually, the bad thing is for those who invested thousands of dollars in each and now they are getting absolutely no use for them. I’m glad this market didn’t improve.
