Report: 96% of NFTs are considered "dead", and more than 43% of NFT holders are at a loss

According to Foresight News, the latest report from NFTevening shows that the NFT market is facing serious difficulties, and 96% of NFTs can be considered "dead", that is, these NFTs have almost no trading volume, extremely low sales in 7 days, and almost no presence on social media. The report analyzed more than 5,000 NFT collections and 5 million transactions and found that more than 43% of holders have suffered losses, and the average return on investment has dropped by 44.5%. In addition, the average life cycle of NFTs is only 1.14 years, which is significantly shorter than traditional crypto asset projects.