I recently read an article that said more than 95% of NFT collections are dead. This is a really concerning statistic, especially for those of us who are invested in the NFT market. Does anyone else have any thoughts on this? Are there any strategies we can use to make sure our collections don’t become part of this statistic?
**What is dead, may never die!**
The only ones that are going to stick are the ones with real utility
Nft traders experiencing a real bear market, the difference is they don’t have a Btc that goes through bull cycles so this will be interesting to watch.
They will return, people love throwing money at pretty much everything during bull runs. BTW, I like NFTs and think that the tech has lots of long term potential, but the prices people were paying for some of them were ridiculous. Crypto will hit a bull at some point, NFT values will go up with it and people will start making speculative purchases then…Boom NFTs are back.
Bear market shake off, space cleaning itself like happened a lot with cryptos in the past
Agrees in Gen3 avatars.
Agrees in Gen3 avatars.
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Just wait until the bull run starts and people need to launder, I mean, ahem, invest their cash again. I’m sure we’ll see another NFT boom unfortunately
NFTs aren’t necessarily all bad. I think most projects haven’t found a way to build actually useful NFTs yet, but things can be done properly in the future
Reddit Avatars are fine š
They’ve got so many rugged projects they’d make an Inu coin blush.
I’ve only ever gotten either free NFTs or my extra beloved Macy’s NFTs that I missed the airdrop on and spent like 5 bucks total on
Yea, they’re all in my vault
I don’t understand how something can have a market cap of zero – that would mean that someone sold one of the NFTs for 0 and that was the last sale
Personally I never really got into NFTs, have a few artsy ones because I liked the art, and have a couple of NFTs that ‘hold’ a token and I can burn the NFT to get those tokens back – Value of those tokens are now worth pretty much nothing though admittedly š
Your NFT is not 1 ETH anymore
1 ETH is not $4800 anymore
$1 is not $1 anymore
I am not into NFTs but always happy with Reddit free Avatars š
Many of us in this subreddit have dabbled in the world of NFTs, whether it’s buying or minting them. While some have reaped profits, others, like myself, are still holding onto our NFTs as they hover at a value of zero.
I’m glad that I’ve sold many Reddit NFTs when the hype was cooking. Nobody has ever lost money by taking profits, people.
Bohoo… Anyways
Not FiestaDog
NFT… that’s something I haven’t heard about in quite a while…
I believe I am from the 5% /s
Iām surprised 5% survived, to tell the truth!
Check out coneheads. Chipperdoodle and ships are thriving