NFT Market Faces Crisis with 96% of NFTs Declared "Dead" 🚨
A report by nftevening.com reveals that 96% of #NFTs are now considered "dead," showing no trading activity and minimal sales.
The NFT market, once seen as the future of digital #ownership , is struggling, with over 43% of holders experiencing significant losses, averaging a 44.5% decrease in value. The average lifespan of an NFT is only 1.14 years, highlighting the market's instability.
While some collections like #Azuki thrive, others, such as Pudgy Penguins, have seen drastic value declines. The future of the NFT market remains uncertain amidst a broader crypto bull market.
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