Key Takeaways
Data shows that 95% of NFT collections are completely worthless. Is the market saturated, or is there more brewing under the surface?
The flashy, multi-million dollar NFT sales everyone hears about are a smokescreen. Dig a little deeper, and you’ll find a digital graveyard.
The truth is, about 95% of NFT collections are completely worthless, with a market cap of zero ether. That leaves an estimated 23 million people holding assets they can’t sell.
‘Dead on arrival’
The numbers are brutal. One 2024 look at over 29,000 new NFT collections found almost 98% were dead on arrival, showing virtually no trading after their launch.
The market was simply flooded with too many projects lacking any real artistic vision, a good story, or a practical use.
With so much supply, a staggering 79% of all NFT collections have never even been sold, creating a tough environment for anyone trying to sell.
Even the big…
