NFTs, which emerged by processing assets on the internet into the blockchain, took 2021 and 2022 by storm. Millions of investments were made in these digital assets from many places, from famous names to giant companies. However, as time went by, NFTs became less popular and their value began to disappear.
Now, a new research has been conducted about NFTs. The study conducted by dappGambl, analyzing tens of thousands of collections, showed that the value of almost all NFTs was reset.
More than 73 thousand collections were examined, 95% of them were found to be worthless.
dappGambl examined 73 thousand 257 NFT collections in its analysis. As a result, it was found that the market value of 69 thousand 795 of them was 0 ETH. So around 95% of these collections are currently worth $0. Additionally, the research also found that more than 79% of NFT collectibles remain unsold, meaning there is no demand to meet supply. However, this ratio may not be reliable; Because anyone who wants can create their own NFT.
The research also examined the 8850 NFT collections that are the most popular by market cap. It was seen that the value of 18% of them was 0. It was revealed that 41% of them had a value ranging from 5 to 100 dollars.
Among these popular collections, the rate of those worth more than 6 thousand dollars is less than 1%. Considering that millions of dollars were paid for NFTs in 2021 and 2022, we can see that this rate is quite low.
dappGambl’s research is another indicator of the great loss in value of NFTs, for which many famous people, from Justin Bieber to Eminem, from Stephen Curry to Snoop Dogg, paid millions. In 2021 and 2022, the transaction volume of these assets reached 2.8 billion dollars. However, in recent months this number has dropped to 80 million.
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