Are NFTs Dead? - Trends, Predictions & Statistics 2023
dappgambl.com
Are NFTs (Non Fungible Tokens) dead? Maybe so. We analysed over 60.000 NFTs to find out which ones are still valuable.

TL;DR: The NFT market has drastically declined since its peak in 2021, with most NFT collections having no value. There’s an oversupply of NFTs, leading to a buyer’s market, and environmental concerns due to energy consumption. Top NFTs also struggle to maintain value, and the future of NFTs depends on utility and genuine value rather than speculation.

  • Veraticus@lib.lgbtEnglish
    36·
    9 months ago

    It was tulips all along, but stupider.

    Your day is coming soon, cryptocurrency.

    • Fizz@lemmy.nz
      61·
      9 months ago

      The difference is that crypto is used to buy things. There’s plenty of stuff I can only buy via crypto.

    • jarfil@beehaw.org
      2·
      9 months ago

      Tulip mania speculated on the unknown future outcome of a tulip bulb.

      How are NFTs anything like that? You can clearly see (and copy) the content of NFTs, it’s literally the opposite of tulips.