**NFT Market in Crisis: 96% of Collections Declared "Dead" in 2024! 🚨**

- **End of an Era:** Analysts reveal that 96% of over 5,000 NFT collections are "dead" with zero trading volume and no social activity. 2023 saw a record 30% collapse rate in NFT projects.

- **Market Trends:** 44.5% of NFT owners face losses, with the average lifespan of collections at just 1.14 years.

- **Winners & Losers:** Azuki project shines with a 2.3x return, while Pudgy Penguins plummet by 97%.

- **OpenSea's Struggles:** Once a giant, OpenSea's valuation dropped from $13.3B to $1.4B amid regulatory and competitive pressures.

💬 What do you think about the future of NFTs? Share your thoughts below!