Nfts are worthless. But this amazing visual is worth seeing.

Nfts are worthless But this year, Rolling Stone magazine made the bold claim that they are "worthless". Out of the extensive pool of NFT collections examined, 69,795 were found to have a market capitalization of zero Ether (ETH). NFTs were really the hype a few years back, with some selling for millions of dollars. com A recent covering about 73,000 NFTs estimated 70,000 are now valued at zero. NFTs typically contain references to digital files such as artworks, photos, videos, and audio. Nov 29, 2023 · The headline “95% of NFTs are now worthless”, floated around the media in September, originating from a blog post by crypto gambling site dappGamble. However, upon closer inspection, the picture looks a bit different. Reply reply More replies more replies more replies More replies AvariceAndApocalypse • Reply reply BitSoMi • Dont see the usecases after 10 years, just made my peace with getting rich of scams 🤷 Sep 25, 2023 · As many as 95 percent of the non-fungible tokens or NFTs created during the bull run of cryptocurrencies just a couple of years ago are now worthless, according to a new report from a website Jun 6, 2022 · Ten reasons why NFTs aren’t worthless are because they are used for collectibility, contracts, ticketing, investments, raising capital, providing trust and transparency, proving authenticity, increasing scalability, securing votes, and proving virtual ownership. An NFT of the first ever tweet – from former Twitter CEO Jack Dorsey that NFTs with practical applications beyond jpegs will have meaningful impact in various industries like sports, gaming, collectibles, and even innovative ventures like Holoride's automobile gaming concept. It’s estimated that 23 The most newsworthy conclusion is in our headline: the finding that the vast majority of NFTs are currently "worthless. Nov 27, 2021 · To explain why NFTs are worthless I first have to explain what NFTs are. Sep 24, 2023 · All things pertaining to blockchain were in a state of euphoria in 2021, including certain non-fungible tokens (NFTs) that mopped up millions of dollars from buyers. But as we’ll see, it’s a simplistic Sep 21, 2023 · A new study suggests a huge number of NFT collections are now worth $0 Sep 27, 2024 · Discover why NFTs, once hailed as revolutionary, failed to sustain their initial hype. This marks quite the fall from grace for the NFT, which saw a meteoric rise starting in 2021. SEP 25, 2023 By Steve Randall Sep 25, 2023 · The report estimated that about 95% of collectors, or more than 23 million people, are currently holding worthless NFTs. It turns out the global scepticism was warranted. And it Nearly all of the NFTs on the market today are reportedly worthless. NFTs can be created by anybody and require little or no coding skill to create. Sep 21, 2023 · Mainstream media outlet Rolling Stone has declared that nonfungible tokens (NFTs) are “finally totally worthless,” citing the results of a DappGambl study on the “evolving landscape” of Sep 21, 2023 · Most NFTs are worthless, and the few that are valuable are extremely overpriced. Oct 30, 2023 · For a brief moment in time, NFTs were all the rage and heralded as the next best investment. A lot of high value NFT sales in the early days were faked with buyers and sellers being the same party or in cahoots with each other. Sep 21, 2023 · Back in their 2021-22 heyday, collectors were paying millions for NFTs, but crypto gambling website dappGambl now says that most are worthless. Celebrities and popular brands joined in, making it seem like the trend was unstoppable. NFTs, also called non fungible tokens, are bits of data stored on the Etherium blockchain (web3) as tokens. Out of tokens that were still worth something, 41% were priced between $5 and $100, and only less than 1% were selling for more than $6,000 – a far cry from million-dollar deals reported during the NFT boom. A study examining more than 73,000 NFT collections found that 95% had a market cap of 0 ETH. Some are still ongoing; many have flamed out. Jun 18, 2021 · Coinbase cofounder Fred Ehrsam said in an interview this week that he believes 90 percent of non-fungible tokens, or NFTs, will be worthless in three to five years. NFTs are Nov 10, 2023 · Over 95% of NFTs created in the 2021-2022 NFT craze are now worthless, according to dappGambl researchers. So, why do most NFT collections now have a market cap of zero? Sep 25, 2023 · A new study published by blockchain experts Dappgambl has cast an ugly light on the current state of the NFT marketplace. NYC conference in New York City | Source: Noam Galai/Getty Images When it comes to Nov 7, 2023 · NFTs have been deemed ‘worthless. In 2023, we got bored. This leaves 23 million people holding a worthless “asset”. Uncover the challenges NFTs faced, including scams, environmental concerns, and shifting investor priorities. Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. But they want to see technical innovation to create new value. Sep 21, 2023 · According to a recent report by crypto platform dappGambl, 95 percent of NFT collections are worthless today. According to a September report from crypto gambling platform dappGambl, 95% of NFTs are now worthless. A new study has found 95% of NFT collections are worthless. Most NFTs are now worthless, according to a new study that signals the end of the cryptocurrency craze that saw internet users trading what amounted to digital pictures with each other. But just how true is this? Sep 21, 2023 · A new NFT study has emerged, where it polled almost 73,000 NFT collections, and found that 95% of the digital collectibles are worthless. Nov 11, 2021 · Only 1% of all NFTs are worth more than $1,500. We’re talking tens of thousands of digital assets, once touted as the next big thing, now languishing with negligible value. Sep 28, 2023 · The Shocking Revelation: 95% of NFTs Worthless The most shocking and sobering revelation to emerge from dappGambl's research was the sheer number of NFTs that are currently deemed worthless. The hype is not sustainable, and the market will collapse sooner or later,” said one of the researchers. " It defines worthless as any NFT collection that has a market value The drastic downturn in the NFT market, as 95% of all NFTs are found worthless, suggests a significant imbalance between supply and demand. Apr 30, 2025 · How NFTs became a bad corporate bet Just a few years ago, major companies from Nike to Coca-Cola were racing to launch Web3 ventures. A new report shows that the non-fungible token (NFT) market has essentially collapsed, and nearly all NFTs are practically worthless. . Dec 13, 2023 · NFTs were inescapable — and then, all of a sudden, they weren’t. NFTs were worthless from day 1 but were assiduously promoted by celebrities and influencers with vested interest. And with the Sep 21, 2023 · Most NFTs are worthless, and the few that are valuable are extremely overpriced. Stuff like crypto domain names are very useful, and there are other examples as well. Not all NFTs are useless though, just the art ones are. But this amazing visual is worth seeing. Bored Ape Yacht Club NFT billboard in Times Square during the 4th annual NFT. Apr 25, 2025 · What's the scientific evidence behind the real value of NFTs, and why is investing in timeless art and antiques the smarter choice? Read here; we explain it all. Out of 73,257 NFT collections identified Sep 25, 2023 · Hero to zero: Most NFTs are now worthless, says new report Once hailed as the exciting new thing in digital assets, non-fungible tokens have slumped. Sep 21, 2023 · A team of researchers have crunched the numbers to explain why you don’t see people hawking ugly cartoon apes on the internet as much anymore: NFTs, or non-fungible tokens, once vaunted as a Sep 24, 2023 · The concept of non-fungible-tokens (NFTs) and their potential value was difficult for many people to get their heads around. ’ What do collectors and creators say to their apparent decline? Since the initial hype surrounding the digital assets has died down, these enthusiasts are still fans. Oct 31, 2023 · Flash forward a year, and the vast majority of NFTs are now virtually worthless, according to a report by dappGambl. Below is a list of ten reasons why NFTs are not worthless. Sep 22, 2023 · We would like to show you a description here but the site won’t allow us. Non-fungible tokens, or NFTs, were touted as a revolutionary technology that would upend the concept of ownership – and, more broadly, the global economy. Most NFTs may now be worthless, less than two years after a bull run in the digital collectibles. “This highlights the incredibly high-risk nature of the NFT Oct 1, 2023 · Author provided/Data from Coingecko. Sep 21, 2023 · 95 percent of NFTs are worthless now, study finds A new report from crypto researchers dappGambl estimates that 23 million investors own tokens that have no effective monetary value. Feb 23, 2024 · NFTs rose to fame in 2021 during an incredible bull run. Sep 21, 2023 · More than 95 percent of NFTs created are now worthless, according to a new study - and many of the most hyped are down more than 95 percent on last year. Apr 19, 2025 · A recent report confirms what many of us already suspected – the vast majority of NFTs are now functionally worthless. Sep 20, 2023 · NFTs, once hyped as a revolution in cryptocurrency and digital art, have crashed since their boom market, becoming worthless. Because NFTs are uniquely identifiable, they differ from cryptocurrencies, which are fungible (hence the name non-fungible token).