All Those NFTs Are Officially Worthless

All Those NFTs Are Officially Worthless

Most non-perishable tokens (NFTs), a single asset stored on the blockchain that cannot be duplicated (unless you right-click) have no value. While I'm not a fan of boring lifeless monkeys , I don't mean it. Cryptocurrency analyst Dap Gamble found that of the 73,257 NFT clusters analyzed, 69,795 had a market capitalization of 0 Ether (ETH). It means $0.

Even after analyzing 8,850 brands from top NFT collections like CryptoPunks , 18% have a value between $0 and 41% between $5 and $100, "which may indicate a lack of value perception among digital assets." .

And if possible, "the situation could be worse than these numbers suggest," the analysis site continues.

For example, the base price of Ethereum MacContract is $13,234,204.2, but the perpetual sale is only $18. This large discrepancy between quoted prices and actual sales data indicates a major problem in the NFT market. Inflated ratings that do not reflect actual buyer demand or actual transactions.

It's funny to hear NFTs exposed to such crude details; They contain alien life and often look like bad MS paint jobs . I'm fine flying to the NFT graveyard. But dappGamble research in the cryptozeitgeist through various NFT scams in the past two years is disappointing about the many people who have defrauded millions of people, at the expense of NFTs , including a group of supporters of Logan Paul, hoping for 1.3 million. dollar. as compensation. not found. A game based on CryptoZoo.

On a more positive note, Deep Gamble Research can combat future NFT scams by flagging them as invalid.

But "as the market matures, NFTs will move from mere packaging to tangible, valuable and important assets," dappGamble points out. I don't know, I think we should rest in peace.


Why NFTs deserve to die

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