The NFT market has exploded in recent years, followed by major declines. According to nftevening.com, 96% of NFTs are considered “dead.” Over 5,000 collections were reviewed, and 43% of owners are at a loss. The average lifespan is just 1.14 years. The Azuki collection is the most profitable, while Pudgy Penguins are the most damaging. Competition in the NFT market has intensified in 2024, with Blur taking the lead. 🎨📉