A report published earlier this month by NFTevening said that the market for NFTs has been in such a dramatic downturn since 2023 that 95 percent of them are considered “dead,” with the average NFT owner experiencing a 44.5 percent loss on their investment. According to NFTevening, the research was conducted with by examining more than 5,000 NFT collections and 5 million transactions from NFTScan.
Source: The Overwhelming Majority of NFTs Are ‘Dead,’ Report Says