this post was submitted on 21 Sep 2023
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Study suggests 95% of NFT collections are worthless (dappgambl.com)
submitted 1 year ago by kazerniel@lemmy.world to c/Buttcoin@kbin.social
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Of the 73,257 NFT collections we identified, an eye-watering 69,795 of them have a market cap of 0 Ether (ETH).

This statistic effectively means that 95% of people holding NFT collections are currently holding onto worthless investments. Having looked into those figures, we would estimate that 95% to include over 23 million people who’s investments are now worthless.

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